The playstation5 sells slower than the PS4 at the time. Game sales and PS Plus subscriptions are also down.
Sony has released its financial results for the past quarter, covering the months of July, August and September. PlayStation’s results are quite honorable, but have already done better.
The PS Plus is less popular
The report states that 25 million PS5s have been sold as of September 30, 2022, which means 3.3 million consoles have found takers in the third quarter. For comparison, as of September 30, 2015, Sony had sold 29.4 million PS4s, including 4 million for the third quarter of the second year after launch.
If the Japanese group had promised to reduce the shortage, the supply is still too low to meet demand, hence the lack of consoles sold for PlayStation.
The number of games sold over the period (PS4 and PS5 combined) amounted to 62.5 million, compared to 76.4 million titles sold in Q3 2021. 63% of sales were made online. Sony sold 6.7 million first-party games, up from 7.6 million last year.
A good turnover, but a stagnant profit
Perhaps the most worrying data in this report concerns the number of subscribers to the PlayStation Plus service. It has indeed gone from 47.2 million to 45.4 million in one year, even as Sony tried to give a boost to its offer by launching a new PS Plus divided into three formulas: Essential, Extra and Premium . This subscription was supposed to compete with Xbox’s Game Pass, but it’s still struggling to convince.
However, while the PlayStation ecosystem isn’t as dominant as it once was, it still generates extremely high revenue. Up by more than 500 million euros between Q3 2021 and Q3 2022, they reached 4.93 billion euros. Earnings before interest and taxes were down slightly, falling to 280 million euros over the quarter.
Sony’s fiscal year ends on March 31, 2022. The multinational company expects full-year revenue to rise thanks to changing exchange rates and the PS5 price increase, which will make more than offset the anticipated drop in third-party game sales.
Source : VGChartz
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