Sony Interactive Entertainment: Historic earnings for the PlayStation brand
PlayStation revenue and operating income from Sony Interactive Entertainment rose 53% and 25% respectively, driven by sales of in-house exclusives and an increase in PS5 inventory.
Despite the unfavorable exchange rate and the financial impact of the Bungie acquisition, Sony Group Corporation’s video game operations are rebounding after the end of 2021 was slowed down by the absence of the PS5. For the last quarter (April-December), Sony Interactive Entertainment’s turnover was 18.1 billion euros, and operating income was 1.5 billion euros.
Sony sold a record number of Playstation units last quarter, paving the way for profit growth https://t.co/uK2Gw32uOw
— Bloomberg (@business) February 2, 2023
If the PS5 is still trailing the PS4 by 5.6 million consoles, Sony Interactive Entertainment is confident that after the latest sales (12.8 million PS5 distributed worldwide at this point in the fiscal year) to the level of 19 million consoles sold (instead of 18 million: raising the old target) between January and March, meaning the Japanese manufacturer hopes to distribute 6.2 million over that period. A commercial service that will open up something new, given that the PS4 record is 3.5 million at the beginning of 2016.
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