Genshin Impact is the most ambitious game developed by miHoYo and these ambitions come with huge financial costs in the long run. During early development, Genshin Impact had a budget of $100 million prior to its release on September 28, 2020. Two years after its release, Genshin Impact is slowly becoming the most expensive game ever made.
Genshin Impact is an open world RPG inspired by Nintendo’s The Legend of Zelda: Breath of the Wild. After an impressive launch, the game quickly gained popularity on social media and streaming platforms like Twitch. MiHoYo is always providing information on new content, updates, and social events for the Genshin Impact gaming community. Thanks to that, the game became one of the most popular gacha titles on mobile, consoles, and PC.
In a few weeks, the total production cost of Genshin Impact will reach $500 million, making it the “most expensive” game on its second anniversary. Reddit user u/KeiraFaith compiled statistics based on official information from miHoYo, including the game’s initial budget of $100 million, followed by $400 million in annual costs. In 2021, miHoYo announced that the company’s budget for Genshin Impact increased from $100 million to $200 million annually. Without the change, Genshin Impact will cost around $500 million by September 2022.
Genshin Impact development costs involve creating new content in major updates, such as characters, in-game events, regions, maps as diverse as Liyue and Inazuma, and the main story. Server maintenance and studio expansion also count toward production costs. However, Genshin Impact’s total revenue has reached more than 3 billion dollars per year, which means that development costs have been reimbursed many times after deducting taxes.