Fewer PS5 and PlayStation Games Sold, but More Revenue and Operating Income for Sony

Although Sony Interactive Entertainment sold fewer PlayStation 5 consoles and games than in the previous year, sales and operating income increased in Q1 FY2024, leading the company to raise its full-year guidance.

Sony Interactive Entertainment sold 2.4 million PlayStation 5 consoles in the first quarter of the current fiscal year (April to June 2024), significantly fewer than in the same period last year (3.3 million units). Since its global launch, 61.7 million PS5 consoles have been sold. This puts cumulative sales just behind those of PlayStation 4, which reached 63.5 million units over the same period.

53.6 million games were sold for PS4 and PS5 in the three months, almost three million fewer than in the same period last year (56.5 million). Of the 53.6 million games sold, six million were first-party titles (previous year: 6.6 million), despite Sony not releasing any new titles in the period. 80 per cent of full games sold were distributed digitally, up from 72 per cent in the previous year. PlayStation Network had 116 million monthly active users, eight million more than a year earlier, but two million fewer than in the previous quarter. Sony did not provide information on PlayStation Plus subscribers or PlayStation VR2 sales.

The PlayStation division "Game & Network Services (G&NS)" achieved sales of 864.9 billion Yen (roughly 5.4 billion Euros), an increase of twelve per cent. Operating income increased by 33 per cent to 65.2 billion Yen (roughly 405 million Euros). As a result of the better-than-expected first quarter results, Sony Interactive Entertainment has raised its full-year forecast for the games division by almost three per cent.

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