Annual mobile revenue of miHoYo 2015-YTD 2023

Between January 1 and September 22, 2023, Shanghai-based gaming company miHoYo generated almost 1.19 billion U.S. dollars in IAP revenues. miHoYo's innovation and gaming excellence have solidified its position as a prominent Chinese game developer with a global reach.

The new Chinese gaming star

Founded in 2011 with a dedication to quality, miHoYo has been delivering visually stunning gaming experiences, attracting millions of players worldwide. In the last three years, the company’s annual revenue increased by four folds. As of the time of writing, the game developer has released two role-playing game (RPG) hits, Genshin Impact (2020) and Honkai: Star Rail (2023).

miHoYo's two blockbusters

The company's flagship title, Genshin Impact, has not only earned critical acclaim but has also served as a financial juggernaut. Within the first six months of its release in 2020, the title achieved over one billion U.S. dollars in revenue. In April 2023, miHoYo released another cross-platform space fantasy game Honkai: Star Rail, generating over 30 million app downloads worldwide in five months. Intricate storytelling, captivating visual elements, and consistent updates are some of the elements which lead to miHoYo's success. With a track record of innovation and financial prowess, miHoYo's future in the gaming industry remains exceptionally promising.