Sony Reports a Notable Decline in Profits

The company saw a significant decrease in software sales and operating income as well as the number of PlayStation Plus monthly active users. 

Sony has revealed its financial results for Q1 2022 reporting that the PlayStation 5 shipments reached 2.7 million in the quarter. Previously, in May 2022, the company shared that total shipments of PS5 since the beginning of sales amounted to 19.3 million units. So, the new figures mean that the lifetime shipments of PS5 currently reach 21.7 million.

The figures also reflect that the amount of PS5 shipments in the first quarter of 2022 is 0.1 million higher compared to the same period last year and 0.4 million higher than in the previous quarter ended on March 31, 2022.

Meanwhile, the company saw a notable decrease in software sales as well as the number of PlayStation Plus monthly active users. Sales of gaming content including first-party and non-first-party titles fell by 2% compared to Q1 2021 reaching 604.1 billion yen (about $4.5 billion). Sony sold 47.1 million games in the quarter which is down from 63.6 million units sold in the same period last year as well as lower than software sales in any quarter of the fiscal year 2021.

The number of PlayStation Network monthly active users amounted to 102 million, down from 105 million in the previous year and 106 million in the previous quarter which appears to be Sony’s lowest MAU for PlayStation Plus since the company started sharing figures in early 2020.

The operating income in the quarter also significantly declined – by 37% reaching 52.8 billion yen ($395.8 million).

Based on the quarter results, Sony adjusted its forecast for the full 2022 fiscal year. Now, the company is expecting to have an operating income of 255 billion yen ($1.92 billion, a 16% downward revision) and anticipates that sales will amount to 3,660 billion yen ($27.4 billion) – a 1% downward revision.

Join discussion

Comments 0

    You might also like

    We need your consent

    We use cookies on this website to make your browsing experience better. By using the site you agree to our use of cookies.Learn more