Summary
- Genshin Impact's creator, miHoYo, hits a $23 billion valuation milestone, thanks to successful games and global expansion.
- The game's banner mechanic and frequent updates attract players, balancing a free-to-play model with potential spending.
- Honkai: Star Rail already competes with Genshin Impact's revenue through powerful character releases.
A new revenue report has revealed that Genshin 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.
Genshin Impact Fan Art Combines Yelan With Honkai's New Character Aventurine
A talented artist combines Genshin Impact's Hydro user Yelan with Honkai: Star Rail's upcoming five-star Harmony character Aventurine.
An interesting post on Genshin Impact's main subreddit shows the list of the 15 largest private companies along with their valuation, which was done by Hurun Research Institute and reported by Game 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 Impact and Honkai: Star Rail. Genshin Impact was released back in September 2020, and it has managed to accumulate a large player base since then.
Genshin Impact's global success can 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 way Genshin Impact manages 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 Rail can compete with Genshin Impact's revenue. According to a recent revenue report, Honkai: Star Rail significantly outperformed Genshin Impact in 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 April as 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.
Genshin Impact
- Released
- September 28, 2020
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...
MASSIVE OPEN WORLD
Climb any mountain, swim across any river, and glide over the world below, taking in the jaw-dropping scenery each step of the way. And if you stop to investigate a wandering Seelie or strange mechanism, who knows what you might discover?
ELEMENTAL COMBAT SYSTEM
Harness the seven elements to unleash elemental reactions. Anemo, Electro, Hydro, Pyro, Cryo, Dendro, and Geo interact in all sorts of ways, and Vision wielders have the power to turn this to their advantage.
Will you vaporize Hydro with Pyro, electro-charge it with Electro, or freeze it with Cryo? Your mastery of the elements will give you the upper hand in battle and exploration.
BEAUTIFUL VISUALS
Feast your eyes on the world around you, with a stunning art style, real-time rendering, and finely tuned character animations delivering you a truly immersive visual experience. Lighting and weather all change naturally over time, bringing every detail of this world to life.
SOOTHING SOUNDTRACK
Let the beautiful sounds of Teyvat draw you in as you explore the expansive world around you. Performed by the London Philharmonic Orchestra, the soundtrack changes seamlessly with the time and gameplay to match the mood.
BUILD YOUR DREAM TEAM
Team up with a diverse cast of characters in Teyvat, each with their own unique personalities, stories, and abilities. Discover your favorite party combinations and level up your characters to help you conquer even the most daunting of enemies and domains.
JOURNEY WITH FRIENDS
Team up with friends across various platforms to trigger more elemental action, tackle tricky boss fights, and conquer challenging domains together to reap rich rewards.
As you stand atop the peaks of Jueyun Karst and take in the rolling clouds and vast terrain stretching out before you, you may wish to stay in Teyvat a little longer... But until you are reunited with your lost sibling, how can you rest? Go forth, Traveler, and begin your adventure!
- ESRB
- Teen / Alcohol Reference, Fantasy Violence, In-Game Purchases (Includes Random Items), Users Interact
- Developer(s)
- HoYoverse (Formerly miHoYo)
- Publisher(s)
- HoYoverse (Formerly miHoYo)
- Engine
- Unity
- Multiplayer
- Online Co-Op
- Platform(s)
- PlayStation 5, PlayStation 4, Xbox Series X, Xbox Series S, PC, iOS, Android
- Genre(s)
- RPG, Action, Adventure, Gacha, Open-World
- Metascore
- 86
- Platforms That Support Crossplay
- Mobile, PC, PS4 & PS5
