Sony reported for the third quarter of fiscal 2023, which ended December 31. Below are the figures for the company’s gaming division. According to the report, the division’s revenue totaled ¥1.4 trillion ($9.6 billion). That’s up 16% from a year ago.

  • Operating profit, on the other hand, fell. It fell 26% to ¥86.1 billion ($572 million).
  • Sony said profits fell because of lower sales of games developed by its studios and higher marketing costs for consoles.
  • Revenue from games and game content sales was ¥733 billion ($4.87 billion), console revenue was ¥474.2 billion ($3.15 billion), and game services revenue was ¥137.18 billion ($912 million).
  • Sony sold 8.2 million PlayStation 5 consoles during the quarter. Although this is a record figure, the company expected to sell a million more units. In total, Sony sold 54.8 million PlayStation 5 consoles by Dec. 31.
  • Sony now predicts selling 21 million PlayStation 5 consoles for the full fiscal year rather than 25 million. The company also noted that the PlayStation 5 is entering the “last stage of its life cycle,” and its sales are slowing.
  • Sony sold 89.7 million copies of games during the quarter. Of those, 16.2 million copies came from games from Sony Studios. Digital sales of games accounted for 66% of digital sales.
  • The monthly active PlayStation audience reached 123 million people. Last quarter it was 107 million people.
  • By February 4, Marvel’s Spider-Man 2 had sold 10 million copies. This brings sales of the entire series to 50 million copies.
  • The company has no plans to release new games in its existing big franchises in the next fiscal year. That is, between April 1, 2024, and March 31, 2025. It cited God of War and Marvel’s Spider-Man as examples of such franchises.

In a call with investors, Sony Interactive Entertainment’s interim CEO Hiroki Totoki, who recently succeeded Jim Ryan, said he discovered the division’s big problem.

SIE doesn’t always understand what to do for its growth, to generate stable profits and to raise the division

Hiroki Totoki, Sony Interactive Entertainment’s interim CEO

Totoki said. He did not share his thoughts on how to fix it.

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