miHoYo does not publish financial statements, but Chinese media outlet Guangming Daily shared its earnings data for 2022 the other day. According to them, last year, developers Genshin Impact and Honkai: Star Rail surpassed Activision Blizzard, EA, Embracer Group, and several other major gaming companies in terms of net income. 

Genshin Impact developers posted a net income of ¥16.145 billion ($2.27 billion) and revenue of ¥27.34 billion ($3.84 billion).

Activision Blizzard had an annual net profit of $1.51 billion, Electronic Arts had $802 million, and Embracer Group had $420 million. However, Activision Blizzard and Electronic Arts surpassed Chinese company in terms of revenue. They had $7.5 billion and $7.4 billion, respectively. Embracer Group was slightly behind miHoYo – $3.54 billion.

Homa still dominates

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