First observation, Sony has not reduced or exceeded its production capacity in the first months of 2022. The manufacturer intends to distribute to all and for all 2 million PS5s between January and March 2022, and that’s what he did. As a result, the PS5 had 19.2 million consoles worldwide as of March 31, 2022, including 11.5 million during the fiscal year. As we know, the machine is now even itself behind the PS4, with 22.5 million consoles distributed worldwide at the same stage of its existence.
Despite the handicap represented by this ever-present lack of components, Sony’s video game activity recently ended its best year in its history, managing to surpass last financial year’s record numbers. . Between April 2021 and March 2022, revenue reached € 19.8 billion (up 3%) while operating revenue reached € 2.5 billion (up 1%).
During the fiscal year, 303 million PS5/PS4 games were sold, including 43.9 million PlayStation Studios games, down from last year’s record (338.8 million and 58.4 million). Releases of titles like Elden Ring, Horizon Forbidden West and Gran Turismo 7 in the last quarter of the fiscal year are therefore not quite possible either, but we’re still talking about the 2nd best show in PlayStation history. to sell games. Note that digital growth is starting to stagnate: in the past 12 months, 66% of PlayStation game sales have been via download, compared to 65% last year.
Video games remain the strongest part of the group, by far, with better turnover than electronics (16.9 billion euros) and better operating profit than Sony Pictures (1.5 billion euros). euros). All Sony activities are also mostly green. The group’s balance sheet shows that its video game business has benefited from favorable exchange rates, while PS5 production costs continue to decline. On the other hand, sales of games and content from third-party studios have weakened.
Among other important statistics, we noticed a decline in PlayStation Plus, which fell from 48 million subscribers at the end of December 2021 to 47.4 million subscribers at the end of March 2022. Of course it will be interesting to come back to see this number by the end of June to see the impact of the new subscription formulas that will be available soon. Despite a good first quarter in terms of release, the number of active users also fell from 111 million to 106 million in the past three months.
Breakdown of PlayStation revenue between April 2021 and March 2022
- Sales of boxed games: 935 million euros
- Sales of download games: 4.2 billion euros
- Sales of additional revenue: 6.2 billion euros
- Subscription sales: 2.9 billion euros
- Console sales: 4.2 billion euros
- Sales of accessories, PS VR and PC games: 1.3 billion euros
On the horizon: more PS5 and PS VR2
For the next financial year ending March 31, 2023, Sony expects a sharp increase in video game revenue (26.5 billion euros, a new high expectation) but a reduction in operating income (2.2 billion euros). euro). The increase in turnover will be explained by rising sales of consoles and peripherals, which could also include a PlayStation VR2.
In fact, Sony thinks it will deliver 18 million PS5s by the end of March 2023. Not enough to get back to the PS4 or even meet demand, but it’s a significant increase to 11.5 million PS5s. that should be shared in time the exercise that has just been completed.
In the other direction, the decline in profit will be explained by recording special costs, such as the expensive acquisition of Bungie that is usually completed before the end of 2022. At the same time, Sony plans to invest 290 million euros more than last year at his PlayStation Studios. Sony also expects increased sales from its own studios and games from third -party publishers.
To also find out:
- Sony overall achieved another record year with sales of 72 billion euros and operating profit of 8.8 billion euros, while net profit stood at 6.4 billion euros.
- Sony dropped the PlayStation 4 deal by distributing just 1 million machines a year, for a total of 117 million for the 2013 console.
- Russia and Ukraine represented only 0.7% of the group’s turnover for the year. The economic impact of sanctions and conflict therefore remains small.