Sony reported A significant increase in PlayStation’s business turnover (Game and Network Services) of 1,682.3 billion yen in the holiday quarter of 237.9 billion yen or 16%compared to the previous year.
The increase in sales of hardware sales was due to an increase in sales for hardware units and to increase the sales of third-party games, including add-on content.
In the holiday quarter, Sony sold 9.5 million Playstation 5 game consoles compared to 8.2 million in the previous year. Sony sold 95.6 million copies of the PS5 and PS4 software in the FYQ3 2024, compared to 89.7 million in the previous year. Sony sold 11.6 million copies of First Porty games in the holiday quarter after 16.2 million in the previous year. The PlayStation Network had 129 million players compared to 123 million in the previous year.
The operating result was 31.9 billion yen for the quarter, which increased an increase of 37%. The adapted operating result before depreciation and amortization was 34.9 billion yen, an increase of 31%. This came from a larger sale of network services, game software from third-party providers, reduced hardware losses and a decline in sales of game software for ridge providers.
Sony now expects a better overall turnover for the financial year, whereby sales are expected to be achieved at 120 billion yen at 4,610 billion yen for the financial year ending on March 31, 2025.
In contrast, Microsoft said that his Xbox Game hardware business had dropped by 29% compared to the previous year. This means that Sony continues to move forward, even though Microsoft had a great quarter for game starts during the holidays.
Sony expects game and network services to report the operating result of 500 billion yen or 25 billion yen more than previously expected. In the nine months on December 31, 2024, Sony reported an adjusted operating result before depreciation and amortization of 412.6 billion yen, an increase of 140.6 billion yen from previous estimates.
For the third business quarter, which ended on December 31, 2024, Sony reported an adjusted operating result before depravation and amortization of 148 billion yen rose to 34.9 billion yen.
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