Here is how these figures compare with the financial results of some major Western game publishers and developers (revenues and profits are taken from their latest annual reports):
Activision Blizzard (FY22 ended December 31, 2022) — net revenue of $7.52 billion / net income of $1.51 billion;
Electronic Arts (FY23 ended March 31, 2023) — net revenue of $7.42 billion / net income of $802 million;
Embracer Group (FY22/23 ended March 31, 2023) — net sales of $3.52 billion / net profit of $417 million;
Take-Two (FY23 ended March 31, 2023) — net revenue of $5.35 billion / net loss of $1.12 billion;
Ubisoft (FY22-23 ended March 31, 2023) — revenue of $1.95 billion / net loss of $532.2 million.
Taking this data into account, miHoYo’s annual profit for 2022 was higher than any of the companies mentioned above. However, it is worth noting that Take-Two, Activision Blizzard, and EA recorded higher revenues.