“Fortnite” was more important than cryptocurrencies during the most recent earnings season, if judged by how many times each came up during company calls with analysts, according to a MarketWatch analysis.

Executives and analysts at tech giants as well as others within the benchmark S&P 500 index SPX, -0.20% mentioned the online game 54 times, compared with talking about cryptocurrency and bitcoin BTCUSD, +0.89% , which executives mentioned 45 times, according to a MarketWatch analysis of transcripts in FactSet.

MarketWatch included companies in the S&P 500 as well as a range of tech-focused index funds, and a group of other tech stocks that went public recently in its analysis. Aside from bitcoin, MarketWatch also included EthereumETHUSD, +0.52% , Ripple XRPUSD, +1.62% , Litecoin LTCUSD, +0.68% and Monero XMRUSD, +0.45% in its search for references to cryptocurrency in earnings transcripts.

Including “Fortnite” competitor “PlayerUnknown’s Battlegrounds” and the term “battle royale” — the term for the survivor-like genre both games are a part of — increases the number of mentions in earnings calls to 95.

“Fortnite’s” outsize success was enough to cause a number of analysts and investors to pay close attention: Epic Games Inc., which produced “Fortnite,” banked $296 million in sales from the game across the console, PC and mobile categories, up from $223 million in March, according to Superdata. April saw the launch of “Fortnite” on Apple Inc.’s AAPL, -0.38% iOS mobile platform, which reportedly brings in $2 million a day. Tencent Holdings Inc. TCEHY, -1.61% owns a 40% stake in Epic.