According to YC.Market analysts, in 2025, the total revenue of the top 20 Ukrainian companies with the main KVED 58.21 ("Computer game publishing") exceeded UAH 2.6 billion.
According to YC.Market analysts, in 2025, the total revenue of the top 20 Ukrainian companies with the main KVED 58.21 ("Computer game publishing") exceeded UAH 2.6 billion.
The study notes that Ukraine remains an important European hub for publishers such as CD Projekt, Activision, Capcom and Deep Silver. Local service companies, including Room 8 Group, Volmi Games, N-iX Games and Ulysses Graphics, participated in the development of Call of Duty: Modern Warfare III, Dead Space Remake, Alan Wake II, Diablo IV, The Finals and other global titles.
The first place in the ranking by turnover for 2025 was taken by the company LLC "Game Reseller", the ultimate beneficial owner of which is a citizen of Latvia Nemchikovs Andreys. At the same time, the legal entity does not have any registered rights to gaming IP, and the developer himself is not represented on digital platforms such as Steam or the App Store. The company has a license to operate in the field of gambling and is a member of financial organizations. Also in August 2026, a change of management took place in the structure — Yevgeny Yevgrafov became the new head instead of Olga Bratina.
The second place is taken by the 4A Games studio (LLC "AAAA Group"), owned by the Maltese 4A Games Limited and the Swedish holding Embracer Group. The creators of the Metro series are preparing the release of a new part — Metro 2039. The game was announced on April 16, 2026, and in September during the State of Play, the developers showed a gameplay trailer and confirmed the release date — February 4, 2027 on PC, PS5 and Xbox Series X/S. According to the team, the plot of the project has undergone significant changes under the influence of the events of the full-scale war in Ukraine.
Third place on the list went to Ulysses Graphics (LLC "Ulysses Graphics Ukraine"), owned by Anatoly Chechel and Yuriy Kompaniyets. The studio is known for creating 3D models for Borderlands 4, the Hunt: Showdown 1896 update, and Call of Duty games. At the same time, the company is developing its own project — the racing game Project Hover, which has been in early access on Steam since the end of 2024.
At the same time, many creators of famous Ukrainian games remain outside the ranking statistics. This is due to the fact that large product companies often use other KVED (for example, 62.01 "Computer programming") or operate through foreign parent structures or international publishers.
Among the most notable Ukrainian projects of recent years is the shooter STALKER 2: Heart of Chornobyl from GSC Game World, which was released on November 20, 2024 and crossed the mark of 1 million copies sold in the first 48 hours. The game’s development budget was about $70 million. In 2023, the studio’s beneficiary was Maxim Krippa.
Frogwares Studio released the detective horror The Sinking City 2 on August 18, 2026 on Unreal Engine 5. To finance the development, the company raised over 539,000 euros on Kickstarter from more than 6,000 backers. Another Kyiv developer, Frag Lab, after Wargaming’s exit from the partnership and a brief collaboration with the web3 platform Faraway in May 2025, decided to close Shatterline’s multiplayer servers and reformat the shooter into a paid single-player project .
