Genshin Impact Dev Fiscal Year Profits Outpace PlayStation Results

Beating PlayStation By A Large Margin!

Free-to-play games are a large part of the gaming industry, and this genre is also prevalent on mobile devices. With a model encouraging players to purchase microtransactions, free-to-play games on mobile devices are also popular for generating high revenue.

Genshin Impact and Honkai: Star Rail are examples of top-rated games on the platform, and the developer’s latest fiscal year report highlights their ongoing success.

According to a report, HoYoverse made $2.27 billion in profits during the last fiscal year, significantly higher than PlayStation’s $1.84 billion.

Why it matters: The difference between profits highlights the success of live-service games. Games like Genshin Impact provide regular updates, encouraging users to spend on microtransactions.

PS5 record PlayStation sales in US in February

The highly popular Genshin Impact is a free-to-play title, but it continues to be a great source of profits for the developer.

A game like Genshin Impact comes with the mechanic to summon characters. This allows players to summon different characters of their liking, and limited-time events also encourage players to summon new additions.

Summoning requires currency that can be earned in-game, but players purchasing microtransactions are usually at an advantage in such scenarios. Therefore, it should not be surprising that HoYoverse made such impressive profits last fiscal year.

On the other hand, PlayStation’s model relies on upfront costs like consoles and game purchases. The gaming giant also offers different tiers of subscriptions, leading to equally impressive figures.

While PlayStation reported a profit of $1.84 billion, this figure declined year over year. Therefore, PlayStation is looking to invest in live-service games to ensure a continuous revenue stream.

The gaming giant has acquired Bungie and aims to use the studio’s expertise for live-service endeavors. PlayStation is also looking to use live-service games to increase its user base on PC.

Developer Hoyoverse also offers Genshin Impact on PlayStation consoles, and Honkai Star Rail will join the platform in 2023. 

Nonetheless, the large gap in revenues highlights the importance of live-service games. While PlayStation has always been known for single-player offerings, this could change in the coming years.

Was our article helpful? 👨‍💻

Thank you! Please share your positive feedback. 🔋

How could we improve this post? Please Help us. 😔

Malik Usman
Malik Usman
Malik Usman is student of Computer Science focused on using his knowledge to produce detailed and informative articles covering the latest findings from the tech industry. His expertise allows him to cover subjects like processors, graphics cards, and more. In addition to the latest hardware, Malik can be found writing about the gaming industry from time to time. He is fond of games like God of War, and his work has been mentioned on websites like Whatculture, VG247, IGN, and Eurogamer.

Latest News


Please enter your comment!
Please enter your name here

Follow Us



Xbox Store Message Hints At Call of Duty On Game Pass Soon

Users have reported a popup hinting at Call of Duty on Game Pass when trying to buy games like Black Ops 2.

Cyberpunk 2077 Resurgence Leads To 115K Concurrent Players On Steam

Cyberpunk 2077 is back in the spotlight after months of anticipation for Phantom Liberty and the massive overhaul to the core game.

Nvidia Believes Upscaling Like DLSS Will Overshadow Native Resolution

Nvidia believes traditional limitations mean that native rendering will quickly be replaced by a bigger focus on upscaling.

Baldur’s Gate 3 Was Misjudged By Everyone, Not Just Microsoft, Claims Larian

Following recent leaks, Larian Studios has explained that Microsoft's estimated cost for Baldur's Gate 3 on Game Pass is not surprising.

Final Fantasy 7 Rebirth To Take Up Over 150GB Storage On PS5

Final Fantasy 7 Rebirth will require two discs and take up a massive chunk of storage on PS5 consoles, requiring 150GB of free space.