Genshin Impact, Honkai: Star Rail Dev's Profits Eclipse Even PlayStation | Push Square
HoYoverse or miHoYo – the Chinese juggernaut responsible for games like Genshin Impact and Honkai: Star Rail – has posted some absolutely startling financial results, confirming that its profits were greater than even PlayStation in its most recent fiscal year. While division Sony Interactive Entertainment’s overall revenue naturally dwarfs the game developer, miHoYo made a tidy $2.26 billion profit in 2022, compared to PlayStation’s much milder $1.84 billion.
Considering that miHoYo only managed $3.83 billion in revenue, it really illustrates how successful its business model is. Games like Genshin Impact and Honkai: Star Rail are free-to-play, but they leverage a gacha system whereby players are encouraged to spend money in order to roll for new characters. The random outcome has been compared by critics to gambling, but there are plenty of ways to unlock free rolls in-game as well.
Honkai: Star Rail will release on PS5 later this year, where it’s likely to pick up Genshin Impact’s mantle and become one of the largest live service games on Sony’s platform. The turnbased RPG requires less active participation from the player, but is less demanding as a result, making it highly addictive and arguably more accessible. We’d expect miHoYo’s already enviable financial results to increase from here, and don’t forget it also has the highly promising Zenless Zone Zero in the pipeline as well.
A true PlayStation veteran, Sammy's covered the world of PS gaming for years, with an enormous Trophy count to prove it. He also likes tennis games way more than you.
It's fine, I'm sure Fairgame$ will make PlayStation just as much profit.
Removed — unconstructive
This is the money Big Jimbo wants.
And people wonder why Sony is investing
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