In an impressive achievement, the company miHoYo has surpassed the profits of renowned video game developers such as Capcom, Ubisoft, konami, Square Enix, Activision Blizzard and Electronic Arts during the year 2022. According to a financial report on the profits of Chinese companies, miHoYo (known outside of China as HoYoVerse) and their acclaimed titles such as Genshin Impact and Honkai Impact 3rdhas generated more than 27.3 billion yuan (equivalent to about 3.83 billion US dollars) in that period.
miHoYo has left a significant mark on the video game industry thanks to its successful titles. Genshin Impact, an open-world action-adventure game, has captivated players around the world with its stunning visual design and vast world to explore. Available on mobile, PS4, PS5, and PC, the game has achieved tremendous success and has become a cultural phenomenon.
On the other hand, Honkai Impact 3rd is another prominent miHoYo franchise that has garnered a huge following. With his latest installment, Honkai: Star Rail, miHoYo has continued to bring exciting experiences to players on mobile and PC. Also, versions for PS4 and PS5 are expected to be released in the near future.
Despite being considered an independent company, miHoYo has proven its ability to compete with industry giants. Although miHoYo is not required to publicly disclose its earnings, its appearance on the Chinese state-run daily’s list of top-grossing Chinese companies Guangming Daily has provided a clear view of its impressive financial results for the past year.
The ranking of companies’ earnings in 2022 revealed a hierarchy in the video game industry, with Tencent in the lead, followed by Tencent Gaming and sony in second and third place respectively. However, miHoYo surprised everyone by placing fifth, beating out big-name giants like Activision Blizzard, Electronic Arts, and Ubisoft.
These results cement miHoYo as a rising force in the industry, demonstrating its ability to capture player attention and achieve significant financial success. With its focus on innovative and captivating games, miHoYo has carved out a prominent place in the competitive world of gaming and continues to attract both loyal players and new fans around the world. Their dedication to quality and creativity has allowed them to stand out in a saturated market, establishing themselves as a benchmark in the digital entertainment industry.
