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A PS Plus, reformulated in 2022did not have a good result in its first months: according to the Sony, there were nearly 2 million fewer users on the service. The number corresponds to the performance of the PlayStation 5 (PS5) on the market, with 25 million units sold and a great expectation for 2023. In addition, the manufacturer also indicated a 49% drop in PlayStation’s profits, which would be linked to costs and acquisitions, such as the buyer’s purchase Bungie. See below for more details on Sony’s report on PlayStation’s performance in the last quarter.
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Sony’s gaming and network services division announced revenues of 720.7 billion yen (approximately R $ 25.65 billion at current prices) this quarter, up 12% from the previous year and a record for the second quarter of the company. The profit, however, dropped 49% to just 42.1 billion yen (around R $ 1.495 million), which would be related to the increase in game development costs, acquisitions and the negative impact of gaming commissions. sale, according to Sony. Despite the decline in profits, the increase in the price of PS5 in some regions, including Brazil was excludedwas responsible for the increase in revenue.
According to Sony, 3.3 million PS5s were shipped to stores in the last quarter, the same amount sold in the same period last year. This number brings total PlayStation 5 (PS5) sales in the first half of 2022 to 5.7 million, still far from the company’s target for that year. Sony plans to sell 18 million units in fiscal year 2022, which ends in March 2023, and has said it still believes it can achieve that goal. According to the company, even with the number below target, sales are going as expected.
The PS Plus reformulation has increased service revenues on PlayStation 5 and PS4, but the number of subscribers has dropped by nearly 2 million – Photo: Reproduction / PlayStation Blog
In 2021, the company sold 11.5 million consoles, down from the target of 14.8 million, but justified by the lack of electronic components for the production of the PS5. In 2023, Sony’s target is much more ambitious, with an estimated 23 million units sold, which would put the console ahead of the PlayStation 4 (PS4) in the same period, for example. There are rumors that new PS5 models will be released next year, which would boost sales.
In addition, for the second consecutive quarter, PS Plus has seen a decrease in the number of subscribers. This is the first full quarter since PS Plus had it a renewal with the new Essential, Extra and Premium levels, the latter replaced by the Deluxe plan in Brazil and other regions without cloud streaming from PS Now. The 4% drop leaves total subscribers at 45.4 million, but despite the decrease, revenue increased by 10%, thanks to higher-value plans like PS Plus Extra, Premium, and Deluxe.
Sony’s CFO believes games like Call of Duty: Modern Warfare 2 will increase interest in PlayStation 5 and PS Plus.
Furthermore PlayStation Network had 102 million monthly active users, down from 104 million a year ago and 103 million last quarter, the lowest number since Sony began disclosing the number of PSN monthly active users in 2020. Sales of digital games reached 62.5 million units, down from the expected 76.4 million. According to the company, this was due to lower-than-expected sales of some third-party party games.
According to Hiroki Totoki, Sony’s Chief Financial Officer, there has been a decline in PS Plus usage by PlayStation 4 (PS4) users, as new PS5 players continue to grow. The director also attributed the decline to the fact that more people are opting for outdoor activities after the pandemic. He also said he expects a recovery with the arrival of heavyweight titles like God of War: Ragnarok And Call of Duty: Modern Warfare 2.
With information from Video Game Chronicles (1 And 2)
