The creator of Genshin Impact, miHoYo, has reached a significant milestone by reaching a valuation of $23 billion, according to a new revenue report.
Back in February 2022, miHoYo went global by launching its subsidiary HoYoverse. This was done to better show that the developer was expanding into different types of entertainment besides games, but in China, the company still goes by its original name.
The main source of revenue for Genshin Impact is its banner system, which allows Travelers to obtain a limited number of characters and weapons for a brief period.
A new five-star Geo character named Chiori, who was introduced in the first part of the update alongside Arataki Itto, has been added to the ongoing Version 4.5.
The list of the 15 biggest private companies, as well as their valuation, was compiled by Hurun Research Institute and published in an interesting post on Genshin Impact’s main subreddit.
Game World Observer provided the report. With a $23 billion valuation, miHoYo moved up 91 spots on the list to 12th place, according to the report.
Also, it’s important to note that miHoYo is the best private gaming company. The success of its two main games, Genshin Impact and Honkai: Star Rail, is a major factor in its high valuation.
In September 2020, Genshin Impact was released, and it has since amassed a sizable player base.
Why is Genshin Impact so popular around the world? The game is free to play and can be found on most platforms.
Players can indeed spend hundreds or even thousands of dollars to get a desired character, but the majority of the game can be beat by using free characters and weapons.
Regular updates that make the game feel new are one way that Genshin Impact keeps its players.
Honkai: Star Rail March Revenue Surpasses Genshin Impact
Honkai: Star Rail can match Genshin Impact’s revenue despite being released a little more than a year ago. According to a recent revenue report, Honkai: Star Rail significantly outperformed Genshin Impact in March as a result of the introduction of powerful characters, including five-star character units like Sparkle and Acheron.
Sales of Genshin Impact should go up again in April, when HoYoverse confirms the long-awaited arrival of Arlecchino, also known as “The Knave,” the Fatui Harbinger.
Since she first showed up in a 2022 trailer, Arlecchino has been the main bad guy in the recent Fontaine story arc. She has also been rumored to be joining the team.
