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Udonis
The game, launched in July 2024, saw its annual revenue in 2025 reach $182 million.
Zenless Zone Zero, an urban fantasy action RPG developed by HoYoverse, has transitioned from a high-profile 2024 launch into a phase of stable, mature growth as of September 2026. The game’s performance is characterized by a significant initial surge followed by a predictable decline in acquisition metrics, ultimately settling into a consistent rhythm supported by live operations and a dedicated player base.
Key performance indicators highlight the game's evolution since its July 2024 release. To date, the title has accumulated 27.3 million mobile downloads and generated $422 million in lifetime mobile in-app purchase revenue. While monthly downloads and active user counts have decreased by 97% and 73% respectively from their peak, the game maintains a stable monthly active user base of approximately 2.8 million. Notably, annual revenue in 2025 reached $182 million, surpassing the partial-year total of $179 million from 2024, which underscores the effectiveness of the developer's live service model.
The analysis, which utilizes mobile data from AppMagic, identifies a monetization strategy centered on a gacha-based "Signal Search" system, supplemented by high-retention, low-cost subscriptions like the Inter-Knot Membership. The game demonstrates strong monetization efficiency, evidenced by an average revenue per download of $15.43 and a DAU/MAU ratio exceeding 23%. User acquisition is primarily driven by brand equity and existing HoYoverse community engagement rather than aggressive performance marketing. The player demographic skews toward young adult males, with the highest revenue concentrations found in East Asia. Ultimately, the game serves as a case study in leveraging a strong intellectual property to sustain long-term profitability through consistent content updates and reactivation events.