AppCharge Ltd.

The other top earners, Monster Strike, Last War, Whiteout Survival, and Uma Misumi, 26% of Jurassic World The Game's revenue comes from direct-to-consumer channels.

That is a case study from Ludia, published by AppCharge.

And MiHoYo is dominating China's livestream charts.

Genshin Impact, Honkai Star Rail, and Zenless Zone Zero.

I don't know if that's what this all means, but let's talk about it next time.

So the other one, AppCharge, has published a new analysis.

They looked at direct-to-consumer transactions, and across the payment stack they found out three kind of really interesting things.

If you're in D2C and this is your jam, it was really in the weeds, so I didn't want to spend too much time on it, but go to their website, check it out.

So essentially 1.4 million a year plus.

The option B is you build a payment stack, you hire the people or took a webshop provider like AppCharge, took on the VAT liability across 27 Eu- European countries, and landed within a rounding error of 26%.

So we have a calculation here.

The gross is three million.

So net is 28.

There's some AppCharge data that, you know, well, of course, AppCharge is a horse in this race.

You know, you can probably say that there's about 7 billion that's occurred in D2C in half of month 2026.

So you can kind of call it maybe...