Sony PS5 PlayStation 5 Financial Results Sony
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Sony is only just steadying the PS5’s stock situation, so it’ll be incredibly buoyed by the brand’s overall performance in the quarter ending 31st December. In addition to shipping 7.1 million new-gen systems, the firm enjoyed an eye-watering 53.3 per cent increase in revenue year-over-year, raking in a whopping ¥1,246.5 billion (~$8.79 billion) in revenue. That’s a record for the Japanese giant, and for the industry as a whole.

The margins could perhaps be optimised further, but with profits of ¥116.2 billion (~$820 million), it also set a new Q3 operating income record for the division. Sales were buoyed predominantly by an increase in hardware units, although once again PS Store purchases like digital downloads and microtransactions continued to represent the bulk of PlayStation’s business, accommodating for 51 per cent of its income.

In terms of install base, stock issues mean the PS5 is still lagging behind the PS4 at this point in its lifespan by around 5.6 million units, but Sony intends to ship a further 6.2 million new-gen consoles in the current quarter alone in order to meet its targets. This means the PS5 could very well be closing on 40 million units shipped by the end of March.

All in all, this paints a very pretty picture for PlayStation right now. The fact that it’s performing so well, with stock only just recovering and PSVR2 yet to launch, is a forewarning of how big 2023 could be for the manufacturer. Assuming the PS5 hardware revision does launch later this year as rumoured, expect it to set more records moving forwards.