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PlayStation 5 Sales Hit 25 Million Units, Sony's Gaming Profits Fall by 49%

Sony's report also reveals that the number of PS Plus subscribers dropped as did software sales.

Sony has released its financial results for the second quarter of the fiscal year 2022 (from July 1 to September 30, 2022) revealing that it shipped 3.3 million PlayStation 5 units during the quarter which matches the same period in the previous fiscal year. In total, the number of PS5 lifetime shipments reached 25 million units.

The number of units shipped in the first half of 2022 was 5.7 million which is yet far too short of Sony's target to ship 18 million units by the end of the current fiscal year which ends on March 31, 2023. However, during the earnings call, the company stated that PS5 shipments were going as planned and that it still believed it could reach the 18 million target.

Sony's Game & Network Services division's revenues increased by 11.6% compared to Q2 2021 and reached 720.7 billion yen (about $4.9 billion). However, the division's operating income decreased substantially – by 49% – to 42.1 billion yen ($285 million).

The company also shared that the number of PlayStation Plus subscribers fell from 47.2 million to 45.4 million. The number of monthly active users also dropped slightly – from 104 million to 102 million.

PS4 and PS5 software sales in the quarter increased from 47.2 to 62.5 million units compared to the previous quarter, however, they were down from the Q2 2021 results when the company shipped 76.4 million units. Sales of first-party titles also increased slightly (by 100,000) from Q1 2021 reaching 6.7 million copies, while, compared to the same period in the previous year, they fell by 900,000.

Additionally, during the quarterly earnings call, Sony revealed that the sales of 2018's God of War have surpassed 23 million copies which is nearly 3 million copies more since the last sales update. Apparently, the game's release on PC influenced the sales of the game.

You can learn more by reading the full report here. Also, don't forget to join our Reddit page and our Telegram channel, follow us on Instagram and Twitter, where we share breakdowns, the latest news, awesome artworks, and more. 

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