Recent revenue data discloses that miHoYo, the mastermind behind Genshin Impact, has achieved a pivotal milestone, attaining a valuation of $23 billion. In February 2022, miHoYo broadened its horizons globally with the launch of its subsidiary HoYoverse to encompass various entertainment realms beyond gaming, while retaining its original name in China.
Genshin Impact's banner system enables Travelers to summon a set number of characters and weapons for a limited period, constituting the game's primary revenue stream. The latest Version 4.5 introduced a new five-star Geo character, Chiori, featured alongside Arataki Itto in the initial phase of the update.
A fascinating post on Genshin Impact's primary subreddit reveals a Hurun Research Institute list of the 15 largest private companies and their valuations, with Game World Observer reporting miHoYo's ascension to the 12th spot with a $23 billion valuation, a remarkable 91-place surge from its previous standing. Notably, miHoYo leads as the top private gaming entity. The exceptional valuation owes much to the success of its flagship titles: Genshin Impact and Honkai: Star Rail. Released in September 2020, Genshin Impact has amassed a substantial player base since its inception.
Genshin Impact's global triumph can be attributed to two core elements: its free-to-play model and multi-platform availability. While players may invest substantial sums to obtain desired characters, the game's content can largely be conquered using free elements. Sustaining its player base, Genshin Impact issues frequent updates to keep the gaming experience vibrant.
Honkai: Star Rail Surpasses Genshin Impact in March Revenue
Despite its recent launch, Honkai: Star Rail rivals Genshin Impact's revenue. Recent revenue data indicates that Honkai: Star Rail notably outperformed Genshin Impact in March, propelled by the introduction of potent characters like Sparkle and Acheron.
Forecasts suggest a revenue rebound for Genshin Impact in April, with HoYoverse confirming the arrival of the long-awaited antagonist, Fatui Harbinger Arlecchino, alias The Knave. Arlecchino, the primary adversary in the recent Fontaine narrative, is rumored to join the roster following her 2022 trailer debut.