What is the net worth of Twitch? This question has been asked by potential investors and users of the social media space alike. The desire to create live streaming content on platforms in the 21st century has grown exponentially. Therefore, it’s important and enlightening to know the net worth of platforms like Twitch.
In 2022, Twitch’s net worth was projected to be about $6 billion. Twitch recorded an estimated revenue of $2.3 billion in 2020, including an advertising revenue of about $750 million. The traffic garnered has continued to grow further since Amazon’s takeover in 2014. In 2022, the platform boasts more than 9.2 million streamers and 140 million active users per month.
Twitch, a product of Justin.tv, is a subsidiary of Amazon, introduced in June 2011. As of February 2014, it was regarded as the fourth platform with the most internet traffic in the US. Let’s look at the Twitch success story and what this streaming giant is worth today.
What is Twitch?
Twitch is a popular live streaming platform for video gaming, esports competitions, and other live video content. It did not initially start out as a live video gaming platform but rather as an alternate channel. The owner at the time was Justin Kan. And the channel was dedicated to live streaming his day-to-day life, beginning the new age of live casting.
As the channel gained exposure, it piqued the interest of users who were also keen to broadcast their lives to the world. This interest brought about a relaunching of the platform allowing users to create their own broadcast content.
The popularity of the gaming content on the platform took off, eclipsing the general content. This forced the owners to separate the gaming section of the platform as Twitch TV in 2011. In 2014, Justin.tv was shut down due to considerably diminished interest after the launch of Twitch. That year, Amazon acquired Twitch for just under $1 billion.
What is Twitch’s Net Worth?
Knowing Twitch’s net worth gives potential investors and shareholders insight into the company’s financial performance and stability.
The net worth of a company can be obtained by subtracting its total debts from the value of its assets. Positive net worth is obtained when the assets exceed the liabilities.
As of May 2022, the net worth of Twitch is projected to be about $6 billion. Twitch recorded an estimated revenue of $2.3 billion in 2020, including income from advertising of about $750 million. This is a significant amount of revenue by any standard and has contributed to the company’s financial success.
Conclusion
Twitch experienced substantial growth during the pandemic in 2020, and the platform continues to expand. It is undoubtedly the biggest streaming platform in video gaming. But live streams of musicians, DIY enthusiasts, and more are proving to be just as popular these days.