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Published in September 2020, cross-platform action RPG Genshin Impact has taken the world by storm and is now one of the top-grossing mobile gaming titles worldwide. Created and published by Shanghai-based video gaming company miHoYo, the game is available on mobile, PC, and PlayStation. Genshin Impact features an anime-style open-world environment and action-based combat which at launch has caused the game to be criticized for being a clone of Nintendo’s successful Zelda game Breath of the Wild. However, despite the initial similarities, Genshin Impact has quickly established itself as a unique game with high production values, an engaging story, several distinct in-game regions, and a very lively community of players.
How does Genshin Impact make money?
Genshin Impact is free-to-play (F2P) and is mainly monetized through gacha game mechanics through which players can obtain new characters and weapons. The game also features premium currency subscriptions, and a battle pass, which features a free and paid tier. Every few weeks, the game features several time-limited character banners on which players can use their in-game currency to wish for new, high-tier characters or weapons in a game of chance. Like loot boxes, gacha games aim to make players spend in-game currency to receive a random in-game item. In Genshin Impact, the featured characters are not outright guaranteed but their drop rates are boosted on the limited banners. The game also has a permanent "standard gacha" banner that always remains the same.
In July 2023, the mobile app generated approximately 51 million U.S. dollars in in-app purchases. Genshin Impact also ranks among the fastest mobile games to generate 100 million U.S. dollars in player spending, a feat that the app managed in 13 days. The game is particularly popular in Asian gaming markets, with Genshin players in Japan, Singapore, and Hong Kong being the highest spenders on mobile.
Genshin Impact as an example of the games-as-a-service model
Genshin Impact is expanded on a regular basis through upgraded versions and patches using the games as a service model. New version releases happen once a year – the most recent Genshin version was 4.0 which saw the release of a new primary in-game region, Fontaine, in August 2023. The previous 3.0 version release featured the Middle East and North African-inspired rainforest and desert region of Sumeru (August 2022). Throughout each version, patches with gameplay fixes and new character banners get released every six weeks.
These annual region updates and a continuous flow of in-game events mark Genshin Impact as a live service game. These in-game events are time-limited and offer players exclusive item and lore rewards and once over, they cannot be played again, heightening players’ FOMO if they do not participate.
How popular is Genshin Impact?
Genshin Impact was instantly a smash hit on mobile, accumulating more than 127 million lifetime downloads to date. In July 2023, the Genshin Impact app generated 4.55 million downloads worldwide. Whereas the game is single-player and focused on a player-versus-environment (PvE) experience, the optional multiplayer mode for certain gameplay elements works across platforms, enabling players on different gaming platforms to experience the game together. However, beyond being able to add individual users as in-game friends, the game does not have any guild mechanics or player-versus-player (PvP) content, making it an outlier among top-grossing RPG apps.
Despite this lack of competitive gameplay, Genshin draws a number of passionate viewers on various digital platforms, albeit fewer than in the first two years of release. In June 2023, Genshin Impact streams on video streaming platform Twitch were watched by an average of nine thousand viewers with the most-watched Genshin Twitch streamer being Spanish streamer Putupau. Additionally, countless YouTube creators produce walkthroughs, Let’s Play videos, character guides, or other video content with millions of views. The official Genshin Impact companion app also keeps users engaged with competitions and the ability to post game-related content to the app’s audiences. The scale of user-based content highlights the importance of community engagement for a game to succeed post-launch.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
J. Clement Research lead covering internet and gaming 
Key insights
- Monthly Genshin Impact app revenue
- 40.95m USD
Detailed statistics
Genshin Impact IAP revenue worldwide 2020-2024
- Monthly Genshin Impact app downloads
- 3.36m
Detailed statistics
Global Genshin Impact app downloads 2020-2024
- Annual mobile revenue of miHoYo YTD 2024
- 508m USD
Detailed statistics
Annual mobile revenue of miHoYo 2015-2024
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