Alinea ranks God of War: Ragnarok as top-earning PlayStation Studios title

Alinea Analytics ranked God of War: Ragnarok as the highest-earning PlayStation Studios title of the current generation in a November 6, 2026 report covering PlayStation and Steam sales. The ranking places Santa Monica Studio’s sequel above every other first-party PlayStation release of the generation.

The firm estimates Ragnarok generated around $1.4 billion in lifetime revenue. Marvel’s Spider-Man 2 ranks second with $1.3 billion from 19.1 million copies. Alinea puts Ragnarok sales at 21.6 million copies across PlayStation and Steam, with about 20.1 million coming from PlayStation platforms. Insomniac’s sequel trails Ragnarok narrowly in the Alinea revenue ranking.

The revenue estimate covers sales across PlayStation and Steam and appears in the firm’s November 6, 2026 report. The report provides estimated lifetime revenue and sales figures for PlayStation Studios games. Eurogamer’s summary of the report placed sales just over 20 million copies.

Alinea analyst Rhys Elliott estimates the PS4 version alone generated around $300 million in revenue. The head of market analysis at Alinea cites this as a head start for reaching players who had not upgraded to PS5. Ragnarok launched on PS4 and PS5 in November 2022, while Marvel’s Spider-Man 2 debuted exclusively on PS5 before arriving on PC. The platform difference gave Ragnarok access to a larger install base, according to the report.

Sony added Ragnarok to PlayStation Plus Extra and Premium’s Game Catalog in January 2025, letting subscribers play the full Norse saga without buying a separate copy. Alinea estimates 6.7 million subscribers have accessed it through the service, and the access figure coexists with continued direct sales of the game. The game sold another 1.1 million copies in 2026, generating close to $60 million. The ongoing sales occurred years after the November 2022 release and despite the game being on PlayStation Plus.

Alinea also estimates it outsold 2026 releases such as Gears of War: E-Day and Saros during the period covered. Rhys Elliott, head of market analysis at Alinea Analytics, published the figures in the firm’s November 6, 2026 report. Alinea estimates Marvel’s Spider-Man 2 sold 578,000 copies in August 2026 alone, its strongest month since the first quarter of 2024. Eurogamer reports that Spider-Man: Brand New Day led to an even bigger than usual holiday sales spike for the game.

The Alinea top 10 also includes Gran Turismo 7 at $841 million, Helldivers 2 at $786 million, Horizon: Forbidden West at $485 million, and Ghost of Yotei at $410 million. The Last of Us Part 1 sits at $341 million, Ratchet and Clank: Rift Apart at $334 million, Stellar Blade at $316 million, and Astro Bot at $292 million.

Helldivers 2 and Stellar Blade were developed outside PlayStation but published by the platform holder. Ghost of Yotei has been out for a year without a PC port. Sucker Punch’s sequel performance is described as particularly impressive given its short market time and platform limitations, but the report notes its success could not save Sucker Punch from recent layoffs.

The bottom five games on the Alinea list made $281.7 million in 2026 alone, according to analyst Rhys Elliott. Elliott said, “PlayStation wants those numbers to be bigger in the coming years.” He cites the figure as one reason PlayStation is moving away from disc-based physical releases in favor of digital margins.

Physical editions accounted for 27.5 percent of Ragnarok copies sold on console or PlayStation platforms, depending on the source.

God of War: Laufey has been delayed to May 20, 2027, from an original February 16, 2026 release date, roughly three months later. Santa Monica Studio said, “We appreciate your patience and we’ll be back to share more updates soon.” The statement accompanies the delay announcement and explains the studio’s reasoning.

Amazon’s Prime Video God of War adaptation has recast Kratos as Dave Bautista and ordered two seasons, with no premiere date announced. FandomWire notes the adaptation could bring new players to the games. PlayStation included Ragnarok in its November 2026 Black Friday sale at $30, down from $70. The sale is live on PlayStation’s digital storefront ahead of Thanksgiving and Black Friday.