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Fact check: Is Genshin Impact losing players.

Checked on April 25, 2025

1. Summary of the results

The question of whether Genshin Impact is losing players has conflicting evidence across different time periods and metrics:

  • Peak player counts reached 66 million in April 2023 [1]
  • By January 2024, active players were reported at 64.3 million [2]
  • Monthly active users show more variation:
    • 4.8 million average in 2021-2022 [1]
    • Peaked at 11.3 million in 2022 [3]
    • Declined to 9.3 million in 2024 [3]

2. Missing context/alternative viewpoints

Several important contextual factors need consideration:

  • Revenue trends show a significant decline:
    • Revenue dropped from $1.3 billion in 2023 to $710 million in 2024 [3]
    • Lowest monthly revenue was $53.8 million in May 2023 [1]

  • Overall reach remains substantial:
    • 139.5 million total downloads [1]
    • 127 million lifetime downloads with 4.55 million new downloads in July 2023 [4]

3. Potential misinformation/bias in the original statement

The question itself oversimplifies a complex situation:

  • Different metrics tell different stories:
    • Total player base remains large and relatively stable [5]
    • Monthly active users show some decline [3]
    • New downloads continue [4]

  • Potential biases in reporting:
    • Game developers and publishers (miHoYo) benefit from reporting stable/growing numbers [5]
    • Financial analysts and investors may focus more on revenue decline metrics [3]
    • Different sources might measure "active players" differently, leading to varying statistics

The data suggests a more nuanced reality: while there has been some decline in monthly active users and revenue, the game maintains a large player base and continues to attract new players.

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