December 8, 2023
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Sony just released its financial results for the second quarter of the fiscal year, related to the period between July and September 2023.

The press release reveals that the PS5 has shipped 4.9 million units during the quarter, which brings the total to 46.6 million units. 67.6 million units of PS5 and PS4 games have also been sold during the quarter, of which 4.7 million were first-party games. The full-game digital download ration was 67%.

For the sake of comparison, Nintendo posted its own financial results a couple of days ago, and it has shipped 2.93 million Switch units during the same quarter.

Above you can see a presentation slide focusing on the Games & Network Services business of the company, which includes PlayStation and PlayStation Network. 

Sales for the quarter were 233.4 billion yen significantly up (32%) year-on-year. This is due to the increase in hardware sales and third-party games and add-on content. 

Operating income was 6.7 billion yen, up 16% year-on-year due to increased sales of third-party games and add-on content. Interestingly, we read that this is partly offset by Sony taking a higher loss in the production of hardware. 

The sales forecast for the full fiscal year has been increased to 190 billion yen (+5%), and while the prediction for operating income remains the same, the guidance for OIBDA (Operating income before depreciation and amortization) was also increased by 3% to 10 billion yen. 

Sony shared additional data, including the fact that the PlayStation Network had 107 million monthly active users as of September 30. This is one million fewer compared to Q1, but up 5 million year-on-year.

Once again, the number of PlayStation Plus subscribers has not been shared. Sony has stopped disclosing it with last quarter’s results. 

Looking at the whole company, sales were up 8% year-on-year, while operating income was down 29% year-on-year.

Financial Results for Sony Corporation

 

If you’d like to compare today’s result with historical data, you can check out our article dedicated to the first quarter of the fiscal year, the results of which Sony shared in August.

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