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Sony FY2019 Results - PS4: 13.6m (LTD: 110.4m) / FY19: 2nd best year ever for PlayStation / 41.5M PS+ Members & 66% Digital Ratio

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ArmGunar

ArmGunar

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Oct 30, 2017
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*The US Dollar figures have been converted from Japanese Yen with exchange rate provided in Sony fiscal report
Source 1 / Source 2


Highlights :
  • Over $18.19B Revenue and $2.19B Profit in FY19
    • 2nd best year ever for PlayStation​
    • 2nd biggest Revenue for any platform holder in video game history​
  • Hardware: 13.6m PS4 sold-in during FY19​
  • Software: 245.0m games sold-in during FY19 (not including "download only software titles")
    • 4th highest yearly software sales in video game history
    • PS4 is the only console to have 4 years with more than 200m games sold​
    • PS4 Software LTD passed 1.2B games sold​
    • Q4 reached a record of 59.6m games sold​
      • 4th Q4 straight with over 50m games sold (no other console reached 50m sold during Q4)
  • Software digital ratio during Q4 FY19 (Jan-Mar 2020) : 66%​
    • Highest digital ratio ever for a quarter​
  • PS+ Members : 41.5m​
  • PS Now subs : 2.2m+ (as of End of April 2020)​
  • PlayStation generated over $108B Revenue and $8.92B Profit since PS4 release​
  • PlayStation Network generated over $51.00B Revenue since FY13​
  • No precise Guidance for FY2020
    • Sony expect about 70% of FY19 Profit for FY20, which gives a FY20 forecast of about ¥167bn Profit ($1.52B)
      • It would be the 4th best Operating Profit ever for PlayStation (while it is a launch year, known to be loss-making)
    • Full FY20 forecast planned for early August (when they will release Q1 Results)


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Sony Corporation - FY2019 (April 2019 - March 2020) :

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Sony Revenue : ¥8259.9bn / $75.78B (-4.7% YoY from ¥8665.7bn / $78.14B - FY2018)
Sony Operating Profit : ¥845.5bn / $7.76B (-5.4% YoY from ¥894.2bn / $8.06B - FY2018)
Sony Net Profit : ¥582.2bn / $5.34B (-36.5% YoY from ¥916.3bn / $8.26B - FY2018)
  • 2nd best Operating Profit ever for Sony
  • 2nd best Net Profit ever for Sony

Last fiscal year, Operating Profit and Net Profit were inflated by these one-time gains/loss :
  • (+) Remeasurement gain recorded in the Music segment as a result of the consolidation of EMI (+ ¥116.9bn / $1.05B)
  • (-) Impairment charge against long-lived assets in the MC segment (- ¥19.2bn / $0.173B)
  • (-) Impairment charge against long-lived assets and goodwill in the All Other segment (- ¥12.9bn / $0.116B)

Here's a table with Adjusted Results excluding these one-time gain/loss, compared to Original Results

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Excluding these extraordinary items, Sony's core activities saw their
  • Best Operating Profit ever (+0.6% YoY with ¥814.0bn / $7.47B)
  • 2nd best Net Profit ever (-4.9% YoY with ¥550.3bn / $5.05B)
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Top of Biggest Profit Drivers for the Fiscal Year :
  1. Game & Network Services : ¥238.4bn / $2.19B
  2. Imaging & Sensing Solutions : ¥235.6bn / $2.17B
  3. Music : ¥142.3bn / $1.31B
  4. Financial Services : ¥129.6bn / $1.19B
  5. Electronic Products & Solutions : ¥87.3bn / $0.803B
  6. Pictures : ¥68.2bn / $0.627B
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Gaming Division - FY2019 Results (April 2019 - March 2020) :

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Gaming Revenue : ¥1977.6bn / $18.19B (-14.4% YoY from ¥2310.9bn / $20.84B - FY2018)
Gaming Operating Profit : ¥238.4bn / $2.19B (-23.4% YoY from ¥311.1bn / $2.81B - FY2018)
  • 2nd best Revenue ever for PlayStation (and for any platform holder in video game history)
  • 2nd best Operating Profit ever for PlayStation
On a constant currency basis, Revenue dropped -11.6% YoY and Op. Profit dropped -19.4% YoY

This quarter, the Gaming Division accounts for :
- 23.9% of Sony total Sales/Revenue (vs 26.7% - FY2018)
- 26.4% of Sony total Operating Profit (vs 28.9% - FY2018)


PS4 sell-in : 13.6m (vs 17.8m - FY2018)
PS4 LTD : 110.4m

Software sold : 245.0m (vs 257.6m - FY2018) --- (not including "download only software titles")
Software digital ratio : 51% (vs 37% - FY2018)
Software sell-in LTD (minimum) : > 1.207 billion games
  • During this year, more than 7.74 games have been sold each second in the world (= 669 000 games sold each day)
  • More than 340 000 digital games have been sold-through each day on average on the PlayStation Store during Q3
PS+ Members : 41.5m (up from 36.4m - Q4 FY2018)
PS Now subs : 2.2m+ (as of End of April / up from 1m+ as of Early Oct 2019)
  • All-time high number of PS+ subscribers
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PS4 is still tracked ahead of PS2 for now

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​
Here is below the PS4 Yearly Software Sales since FY2015
(doesn't include "download only software titles" ; no data before FY15 because it was not provided)

Between FY15 and FY19, the total amount of games sold is split like this :
  • 736.6m physical
  • 389.4m digital (not including "download only software titles")
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​

This is the Quarterly Software Sales since FY16, with the Physical/Digital split

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Now you can take a look below at the evolution of PS Plus subscribers and Software digital ratio over years

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Here is now the Quarterly Physical Software Sales on PS4 since FY2016 (from April 2016 onward)
And the interesting stat : Sony's average gross margin per physical copy sold

For a $60 retail game, publishers have to pay about $7-10 to Sony as a license fee (publisher's gross margin ~ $33)
For its own first-party games, Sony's gross margin will be as high as ~ $40
When Sony's average gross margin is higher than $7-10, that's because it's inflated by the performance of its exclusives
  • Q1 FY16 (Apr-June 2016) : Uncharted 4 release
  • Q4 FY16 (Jan-Mar 2017) : Horizon Zero Dawn
  • Q1 FY18 (Apr-June 2018) : God of War & Detroit
  • Q1 FY19 (Apr-June 2019) : Days Gone
Q2 FY18 (July-Sept 2018) with Spider-Man didn't go higher (despite good performance), probably because of huge sales of annual sport titles (Madden/NBA 2K/FIFA) which lowered Sony's average gross margin
Click to expand...
Click to shrink...

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Gaming Division - Q4 FY2019 Results (January 2020 - March 2020) :

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Gaming Revenue : ¥433.6bn / $3.98B (-12.9% YoY from ¥498.1bn / $4.52B - Q4 FY2018)
Gaming Operating Profit : ¥46.2bn / $0.423B (-27.8% YoY from ¥63.9bn / $0.580B - Q4 FY2018)
  • 3rd best Revenue ever for PlayStation during Q4
  • 2nd best Operating Profit ever for PlayStation during Q4

PS4 sell-in : 1.5m (vs 2.6m - Q4 FY2018)

Software sell-in : 59.6m (vs 54.7m - Q4 FY2018) --- (not including "download only software titles")
Software digital ratio : 66% (vs 45% - Q4 FY2018)
  • Highest software sales for Q4 in video game history
  • Highest software digital ratio during a quarter for PlayStation


Full Retrospective of PlayStation during FY2019 and PS4 Generation​
*Sell-in numbers (sold to retailers + digital sales) come from Sony's quarterly reports and don't include "download only software titles"

Between FY13-FY19 (April 2013 - March 2020) :
  • PlayStation generated more than $108.00B Revenues (+83.1% compared to PS3 era)
  • PlayStation amassed $8.92B Profits thanks to PS4 (more than PS1+PS2 Profits combined: $5.25B)
  • Sony is stronger than ever and posted record Net Profits with more than $17.52B
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This is the PlayStation Yearly Revenue & Operating Profit
I added Revenue in USD to give you an idea of what Revenue in JPY mean (therefore if Revenue USD don't follow the same growth than Revenue JPY, it's because of exchange rates)
  • FY19 is the 2nd biggest year ever for PlayStation with over $18.19B in Revenue and $2.19B in Op. Profit
    • $18.19B Revenue is the 2nd best Revenue for any platform holder in video game history
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Unlike previous cycles of consoles, fiscal year prior to launch (FY19) saw huge profits thanks to :
  • the big PlayStation Store Revenues
  • recurrent Services Revenues
PlayStation expect about 70% of FY19's Profit for their FY20 which gives about ¥167bn Profit ($1.52B)
  • It would be the 4th best Operating Profit ever for PlayStation (while it is a launch year, known to be loss-making)
  • Full forecast for FY2020 early August when they will release their Q1 results
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Here is below the PS4 Yearly Hardware & Software Sell-in
  • More than 245.0 million games have been sold in FY19(not including "download only software titles")
    • 669 000 games sold each day on average (= 7.74 games sold each second)
  • Over 124 million digital games were sold-through on PS Store in FY19 (doesn't include "download only software titles")
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With over 245.0m games sold-in last year, PS4 FY19 entered the Top 10 Highest Yearly Software Sales (Sell-in) at #4
Below are the Top 10 and Top 15 Highest Yearly Software Sales :

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PlayStation Network generated over $12.40B in FY19 thanks to :
  • PlayStation Store ($9.29B) through Games and Add-on content (MTX, DLC, etc...) purchases
  • PS Services ($3.10B) with PS+ and PS Now
FY19 is the 2nd highest revenue ever generated by PlayStation Network (#2 for PS Store ; #1 for Services)

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Since FY13, PlayStation Network generated over $51.00B in Revenue !

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Summary of PS4 and PlayStation

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​
Previous threads :
Q3 FY2019, Q2 FY2019, Q1 FY2019
FY2018, Q3 FY2018, Q2 FY2018, Q1 FY2018
 
Last edited:
Thiago

Thiago

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Crossing that 110 million mark.

5 million new PS Plus members? Impressive!
 
Xando

Xando

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Oct 28, 2017
27,957
Dang physical now only accounts for 1/3 of game sales.

Will probably be down to a few diehards at the end of the gen.
 
vivftp

vivftp

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Oct 29, 2017
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Thank you for this thread.

Amazing performance by Sony. Only about 45 million to go to beat the PS2 and become the best selling console ever. Considering the price the PS4 sells at this performance is astounding.

PS5 is gonna be so f'ing huge too.
 
giancarlo123x

giancarlo123x

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I wonder how close it will get to the ps2. If new consoles weren't coming this year it maybe would've had a chance.
 
El Manco

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ArmGunar
59.6 million games sold in January-March!
I did not expect PlayStation to beat the record from last year, but well, there it is.
 
Loudninja

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Oct 27, 2017
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This of course does not include two huge AAA game in the next 2 months, really impressive stuff.
 
Mr Swine

Mr Swine

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Wow impressive, should reach 120 million before the end of the year then. So third best selling Console ever right?
 
SuperBoss

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That is fucking nuts.
  • 2nd best year ever for PlayStation
  • 2nd biggest Revenue for any platform holder in video game history
  • Over 110 million consoles sold

Wow.
 
Psrock1

Psrock1

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It's impressive how much software the PS4 is selling. 4 straight years of over 200 million
 
Imitation Of Life

Imitation Of Life

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Oct 25, 2017
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125 million lifetime at a mininum seems like a lock. Now reinvest into even more killer exclusives and some good acquisitions.
 
SilverX

SilverX

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giancarlo123x said:
I wonder how close it will get to the ps2. If new consoles weren't coming this year it maybe would've had a chance.
Click to expand...
Click to shrink...

With the economic crisis the PS4 is going to stay an attractive buy even longer than people originally thought. It was always going to stay around for a few years after the PS5, but it is the perfect device for gamers who want upcoming releases but need a very cheap entry point. All Sony has to do is give it the right pricing since it is still fairly expensive at this point of its lifecycle
 
gofreak

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Xando said:
Dang physical now only accounts for 1/3 of game sales.

Will probably be down to a few diehards at the end of the gen.
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Click to shrink...

That's a figure for this quarter I think. Covid might be an influence in that jump - will be interesting to see if it remains so high afterward. Could well be, the current situation might be forcing more people onto digital stores and perhaps they won't look back.

I wonder also to what extent covid is boosting ps+ membership. What was membership at the end of fyq3? That seems like an outsized increase vs the previous trend.
 

Deleted member 8784

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Considering the generation has been winding down, and 2019 was a bit of a quieter year for big releases in my opinion, that's a seriously strong showing.

I can't begin even visualise 110 million PS4's.
 
Xater

Xater

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Oct 26, 2017
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This is pretty funny to see considering how many think pieces we had before this gen started about how consoles are done.
 
RedOnePunch

RedOnePunch

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that pie chart shows how insignificant the revenue from hardware sales is compared to digital/physical software and network services.
 
Imitation Of Life

Imitation Of Life

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Xando said:
Dang physical now only accounts for 1/3 of game sales.

Will probably be down to a few diehards at the end of the gen.
Click to expand...
Click to shrink...

A very significant amount of Fortnite and other micro-transactions in that total I would think. And covid definitely pushed digital up as well.

Cess007 said:
Lmao it feels like we have been anticipating that price drop since forever
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They might finally do it with PS5 releasing, but not by $100. Maybe $50 at best. PS4 will still be the cash cow for a year or two.
 
Sedated

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Ps+ numbers bump is impressive. They need to change online paywall system next gen since it looks worse day by day compared to ps now at same price (so does gp compared to gold).
 
vivftp

vivftp

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giancarlo123x said:
I wonder how close it will get to the ps2. If new consoles weren't coming this year it maybe would've had a chance.
Click to expand...
Click to shrink...

It's still got a chance imo! There are a lot of things that will keep it going:

- it will be sold at least another 3.5 years from now, maybe longer if Sony sees fit
- the MSRP is still 299 USD, we should see large sales boosts with each price drop. Dunno if it can possibly go as low as the 99 dollar PS2, but I can see 149 pretty easily in a couple of years.
- the ps4 slim will eventually come and will probably accompany the aforementioned price drops.
- ps now will continue to grow and eventually a ps4 could be a cheap way for people to access the service on their TV and play some PS5 games
- as the price goes down it'll trickle into emerging markets and with its mammoth library of games and PS Now it should be very enticing to those consumers.


I really do think it has a shot of dethroning the PS2.
 
Xando

Xando

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Oct 28, 2017
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gofreak said:
That's a figure for this quarter I think. Covid might be an influence in that jump - will be interesting to see if it remains so high afterward. Could well be, the current situation might be forcing more people onto digital stores and perhaps they won't look back.

I wonder also to what extent covid is boosting ps+ membership. What was membership at the end of fyq3? That seems like an outsized increase vs the previous trend.
Click to expand...
Click to shrink...
Most of the lockdowns didn't start until mid/late march so the majority of game sales would be before.

Next quarter will probably be even higher.
 
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