310°

Sony Announces Large Profits Growth for PlayStation; Expects Further Wins in Current Fiscal Year

Sony announced its financial results for the fiscal year 2024, and things are certainly looking up, despite a decline in PS5 sales.

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Abriael8d ago
CrimsonWing698d ago

Expect sh*t to slow down if prices aren’t kept in check.

Redgrave8d ago

Who downvotes the truth?

Even PSN itself is too damn high.jpg

S2Killinit8d ago

Gamepass is already at 20$ per month if im not mistaken.

toxic-inferno8d ago

@neutralgamer1992

Not all of us. I'm a big PlayStation fan, and have been since the PSOne. But I can't begin to defend what's happening currently.

At least Nintendo release a large number of games from their major franchises. Sony is just not banking on their established franchises, and yet are raising prices. Not great.

S2Killinit8d ago

Im pretty sure we are going to see a price increase for PRO. I mean think about it, its currently cheaper than xbox series x! That cannot last.

Eonjay8d ago

I'm absolutely sure we will not see a price increase. I don't think we should 'expect' to see price increase because it just adds validity to what Nintendo and Microsoft have done.

darthv727d ago (Edited 7d ago )

Sorry to pop that bubble but the Pro is not cheaper than a series x... generally speaking (like you are). It is cheaper than one specific version, and doing so by not including the optical drive and stand like the X has by default.

So keep on trying to convince people you are right when everyone knows it's quite the opposite. A stock Pro is $699.99 and a stock X is $599.99. A special edition galactic black 2tb X is $729.99. And if you really want to compare apples to apples... adding the aforementioned optical drive and stand brings that Pro to $809.97 and then they would be on equal footing.

Twisting truths to fit a narrative... I expect better from you S2.

S2Killinit7d ago (Edited 7d ago )

The PS5 PRO has 2TB storage. And the series X with 2TB is more expensive. Which in my opinion is insane conseidering how much more powerful the PRO is. The PS5PRO does not need a stand, it can be used without a stand.

TheKingKratos8d ago

So the Pro is not offering any push in sales at all ?

CrashMania8d ago

It's still an expensive, niche product ultimately. And they exceeded their sales projections for units sold by half a million.

lawox8d ago

"18.5 million units have been shipped during the full fiscal year. This is actually ahead of the 18 million units target set by the company."

They beat their yearly estimate. It's not broken down by device, but it's clearly performing well enough. Since it's been released it's consistently been the second best selling SKU on Amazon only after the the Slim with disc.

8d ago
Bathyj8d ago

18 million a year is in the toilet?
I remember when 10 was considered good
Hell Microsoft would take that right now.
Probably pay $100b for it.

8d ago
BeHunted8d ago

If their profits fall next quarter, we'll probably see more price hikes. I can't imagine having to pay £20 a month for PlayStation Plus.

S2Killinit8d ago

I think gamepass is already paying that much.

8d ago
drivxr8d ago (Edited 8d ago )

Decline in hardware sales.
Behind on lifetime sales and decline in first party sales.
Third party content and PSN came through to save the day.
Things will improve starting with the next Ghost game.

Hopefully a steady flow of first party content by end of '25

rlow18d ago (Edited 8d ago )

I guess you get downvoted for stating facts from Sony’s own lips. What I’m curious about is what their top games of the year were and how much Xbox games contributed to the increase?

CrashMania8d ago

Well, generally 3rd party publisher games contribute the most anyway, so no different to capcom, EA and so on contributing to this figure.

lawox8d ago

That's because the report is actually really good.

They beat the console sales estimate that they set last year March, they have increased users both due to the record numbers of PS4 users and strong PS5 sales which is leading to great profits in sales and user spend.

This report is about the financial health of the PlayStation brand and as a platform PlayStation is stronger than ever. Heck they even have Microsoft putting their biggest franchises on the platform.

8d ago
S2Killinit7d ago (Edited 7d ago )

Well, the facts in the article are positive. Nothing wrong with his comment, but in my opinion it doesn't correctly indicate all the facts and nuances that give context to the reality of things. I downvoted for that only.

Make sense?

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Lightning778d ago

This is exactly what happened to Xbox year's ago. They had no first party and started seeing decline in 1st party sales, which effected their third party games which eventually effected their console sales. A slow decline across the board.

Calm down PS fans I'm not saying PS is becoming like old Xbox. I'm showing examples of the importance of first party output. Look how Xbox finally has compelling first party and things are on a up swing(despite years going on a downswing). I know thanks to PS releases which helps a ton, (which is why Xbox hardware only dropped 6% instead of 30+% like it usually does) The point still stands despite what Genz Trends may go, first party and compelling games sell hardware and software still. Sony's financial quarter is an example of this, of what lower First party output looks like.

No matter they'll be right back on track in due time any time especially with DS2 (not my type of game but I know many like it) and Yotei. They're not Xbox and let things get bad for so many years on end.

crazyCoconuts8d ago

"I'm showing examples of the importance of first party output. "
First party is mostly relevant for the sole purpose of creating EXCLUSIVES that are needed to stay competitive. With Xbox consoles collapsing and no more Xbox exclusives, first party is way less important. PlayStation as a platform now has free reign to profit without the high expense of needing exclusive first party titles.

red2tango8d ago

Sony has been very lazy with 1st party games compared to the PS4 era. And even the PS4 era was nothing compared to the PS3 era in terms of games.

S2Killinit7d ago (Edited 7d ago )

We have Ghost and Intergalactic coming. And then Marathon which is not exclusive to PlayStation. I think Covid and that chip shortage put a speedbump in game development because game manufacturers dont want even more risk that their game will arrive to too little hardware, but the games are starting to show up.

Lightning778d ago

"With Xbox consoles collapsing and no more Xbox exclusives, first party is way less important."

Absolutely not. If that was the case then Nintendo would put Mario on Sega Genesis and Sonic on Super Nintendo. I know things are way different 30+ years later but not much has really changed in terms of exclusives and their impact on hardware. Especially early in the console life cycle.

Sony made all the money this quarter handover fist. Profits isn't a issue for them right now. I was just saying lower hardware sales and lower first party sales will hurt them or any console manufacturer of they don't have the compelling games in the long run. Just like it hurt Xbox. IF Sony keeps up not having lower first part output. Which we know they're not.

crazyCoconuts8d ago

Well no big exclusives in the last two years yet PS is doing great. What are people gonna do? Buy an Xbox?

S2Killinit7d ago

I agree with you. But they have had plenty of exclusives so far. Has it been ideal? Nope. I have a feeling we are seeing a resurgence with the effects of covid and that chip shortage now behind us.

Lightning778d ago

No it's just like 360 where they had no games yet ppl still bought it because they sold ppl on the games early on that gen the fans were locked in and invested. They were riding the good will and was dubbed the shooter, racer box. The games dried up and they never recovered from it which hurt them in the long run. Same here with PS they still make the big bucks because they had games early on and the fans locked in and will continue to lock in for a little while longer despite lacking in first party.

S2Killinit7d ago (Edited 7d ago )

I agree. But the problem with xbox was that for some crazy reason MS thought game development wasnt all that important to a platform holder. They literally did not fund games with their own studios. When they lost marketshare they couldnt justify paying for exclusives with large install bases making it too expensive. That is not the scenario with PlayStation.

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80°

OG Star Wars Battlefront devs were asked to make Battlefront 3 in just one year

Star Wars Battlefront 3 was in development at Pandemic Studios, but LucasArts wanted the team to make the game in just one year.

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jznrpg2h ago

Need at least a few years for a bigger game like that and that’s probably not enough.

Azurite1h ago

Remasters can take longer than that.

220°

"Everything Happening To Bungie Is Because of Greed" -ex-employees

Ex- employees Hope Studio Gets "Consolidated Into Sony"

Former Bungie employees speak out in a new report, blaming greed and leadership for the studio’s troubles, and say full Sony consolidation is the best way forward.

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dveio18h ago

Interesting article, even with some actual names of the people voicing their thoughts.

I think that we've had enough similiar situations at other studios and publishers already, hell even completely different businesses, to know that OF COURSE it's always about hostile environments at work and the search for rather effortless profits than causing excitment with great ideas.

All deflecting statements, wether from managements or other people in charge, have always, literally always been untruthful. Always.

And it's so silly.

Nothing of this crap causes a nuclear war.

But all the people in charge act like everything is top secret f'n CIA like intel, trying everything to not stand up for their mistakes.

I mean it's pathetic, it really is. In the brand scheme of it all it's truly pathetic.

Obscure_Observer4h ago

All of sudden consolidation is now a good thing.

Eonjay4h ago

Right I actually agree with you here. Something doesnt' seem right almost like Sony wants them to look bad because it is trying to takeover. I can't figure out Sony's intentions here but they are already wholely owned so full consolidation means that they can bring in their own management. And honestly this is probably NOT what Bungie wanted.

Obscure_Observer3h ago

"Well the obvious answer to that is that it kinda looks like Bungie is getting torn to shreds without Sony's help. And clearly there is no way Sony is going to spend all that money and not step in to help steady the ship at Bungie because that would be a huge wasted investment."

Exactly!

Phil allowed Pete Hines to run the show at Bethesda and we got Redfall as result. Now that he´s gone and Bethesda reports directly to Matt Booty at XGS, things are definitely getting better!

It´s past time to Sony to take over Bungie and fire that POS Pete Parsons.

-Foxtrot2h ago

Sony has literally given these guys chance after chance, they gave them an extra BILLION to try and keep talent along with telling them to sort their s**t out

What else can they do here? They gave them free reign, extra money and they've spat in their faces.

If they took full control when they bought them they might have been able to salvage them.

TheColbertinator4h ago(Edited 4h ago)

Bungie will be torn to shreds with Sony in full control. Another addition to the cemetery like Zipper or Sony Liverpool

Eonjay4h ago

Well the obvious answer to that is that it kinda looks like Bungie is getting torn to shreds without Sony's help. And clearly there is no way Sony is going to spend all that money and not step in to help steady the ship at Bungie because that would be a huge wasted investment.

MrBeatdown3h ago

Whatever mental gymnastics you just went through must be exhausting.

It sounds like you have some baggage from Microsoft's acquisition spree.

SimpleDad4h ago

Bungie was indie, so they depended on in game monetization. Sony makes money from other sources: music, movies, psn, ps hardware...

...so devs are hoping by full Sony consolidation they will cut down the monetization part, and make things easier for them...

...but keep in mind, Sony bought them because of their monetization and live service model and design, so much so they tried to make every Sony IP into a live service spinoff.

So I don't see much change in anything, for us consumers, if Sony takes full control.

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50°

Clash Royale gets a new Netflix animated show, joining Arcane and Castlevania

Clash of Clans and Clash Royale are getting the Arcane treatment thanks to an exciting new partnership between Netflix and Supercell.

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