Summary
A new revenue report has revealed thatGenshin Impact’s creator, miHoYo, has reached an important milestone by reaching a valuation of $23 billion. Back in February 2022, miHoYo expanded globally by launching its subsidary HoYoverse to better represent the developer’s expansion into various forms of entertainment beyond gaming, but the company still goes by its original name in China.
Genshin Impact’s banner mechanic allows Travelers to pull for a certain number of characters and weapons for a short period, which is the game’s main source of revenue. The ongoing Version 4.5 has introduced a new five-star Geo character named Chiori who was featured in the first part of the update alongside Arataki Itto.
An interesting post onGenshin Impact’s main subreddit shows the list of the 15 largest private companies along with their valuation, which was done byHurun Research Instituteand reported byGame World Observer. According to the report, miHoYo took the 12th spot on the list with a $23 billion valuation, up 91 places from its previous valuation. It’s worth noting that miHoYo is also the highest-ranked private company in the gaming sector. One of the main reasons behind such a high valuation is the success of its two main titles:Genshin ImpactandHonkai: Star Rail.Genshin Impactwas released back in September 2020, and it has managed to accumulate a large player base since then.
Genshin Impact’s global successcan be attributed to two main factors: the game is free-to-play and available on most platforms. While it’s true that players can often spend hundreds if not thousands of dollars to acquire a desired character, most of the game’s content can be beaten by using free characters and weapons. One wayGenshin Impactmanages to retain its player base is by releasing frequent updates that keep the game fresh.
Honkai: Star Rail March Revenue Surpasses Genshin Impact
Despite being released just over a year ago,Honkai: Star Railcan compete withGenshin Impact’s revenue. According to a recent revenue report,Honkai: Star Railsignificantly outperformedGenshin Impactin March, thanks to the releases of powerful characters, including five-star units such as Sparkle and Acheron.
Genshin Impact’s sales are expected to bounce back in Aprilas HoYoverse confirmed the arrival of the long-awaited Fatui Harbinger, Arlecchino, also known as The Knave. Arlecchino has been the main antagonist throughout the recent Fontaine story arc, and she has been rumored to be joining the roster since her first appearance in a 2022 trailer.
WHERE TO PLAY
Step into Teyvat, a vast world teeming with life and flowing with elemental energy.You and your sibling arrived here from another world. Separated by an unknown god, stripped of your powers, and cast into a deep slumber, you now awake to a world very different from when you first arrived.Thus begins your journey across Teyvat to seek answers from The Seven — the gods of each element. Along the way, prepare to explore every inch of this wondrous world, join forces with a diverse range of characters, and unravel the countless mysteries that Teyvat holds…
