Sony reported its financial results for the first quarter of fiscal 2024, which ended on June 30. Below are the performance metrics for the company’s gaming division.
- The division’s revenue amounted to ¥864.9 billion ($5.9 billion), representing a 12% increase compared to the previous year.
- Its operating profit also grew—by 33% to ¥65.2 billion ($444 million).
Revenue, operating profit, and adjusted OIBDA of Sony's gaming division in Q1 of 2023 and 2024
- Revenue from game and gaming content sales was ¥486.48 billion ($3.3 billion, +19.7%), revenue from gaming services was ¥159.3 billion ($1.09 billion, +28%), and revenue from console sales was ¥146.3 billion ($1 billion, -21.7%).
- During the quarter, Sony sold 2.4 million PlayStation 5 consoles, approximately 900 thousand fewer consoles than the previous year. In total, 61.7 million PlayStation 5 consoles have now been sold.
- Game sales fell from 56.5 million copies to 53.6 million copies year-over-year. 6 million copies were from Sony’s internal studios. The share of digital sales reached 80%.
- As of June 30, 2024, the monthly active user base of PlayStation Network was 116 million people, compared to 108 million people last year.
- Sony slightly raised its forecast for the gaming division for the entire fiscal year. It now expects revenue to reach ¥4.32 trillion ($29.4 billion) and operating profit to be ¥320 billion ($2.18 billion). Previously, the company had forecasted ¥4.2 trillion ($28.6 billion) in revenue and ¥310 billion ($2.1 billion) in profit.