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Sony FY2022 Earnings: 6.3m PS5 sold (38.4 LTD); SIE achieves Record Revenues in FY2022; Biggest Q4 in PlayStation history in terms of Revenue.

ChaosSlayer

ChaosSlayer

Member
Jul 16, 2021
816
Notes:
* US Dollar figures have been converted from Japanese Yen using the Average Exchange Rates provided by Sony in their Earning Releases.
** YoY/QoQ growth is calculated using the original Japanese Yen results.
*** To ensure consistency and avoid confusion, comparisons will be done using the Japanese Yen. Deep Dive analysis will use the US Dollar.
Data Source



Sony_logo.svg



Sony Group Corporation - FY22 (April 2022 - March 2023) Financial Results:​


Revenue: ¥11539.8B/$85.227B (+16.31% YoY from ¥9921.5B in FY21)
Operating Income: ¥1208.2B/$8.923B (0.49% YoY from ¥1202.3B in FY21)
Net Income: ¥937.1B/$6,921B (6.22% YoY from ¥882.2B in FY21)


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Game & Network Services (Playstation) FY22 (April 2022 - March 2023) Financial Results:​

FY2022 Q4 Results:
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Gaming & Network Services (PlayStation) Revenue: ¥1073.2B/$8.112B (+61.32% YoY)
Gaming & Network Services (PlayStation) Operating Profit: ¥38.9B/$0.294B (-55.42% YoY)
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This is SIE's biggest Fourth Quarter BY FAR in terms of Revenue competing with Q3s which are usually the most lucrative Quarter.
- A record-breaking performance! This is PlayStation's Highest Quarterly Revenue in a Fourth Quarter (Highest Revenue for any Platform holder in Q4)
  • Top 5 Q4 in terms of Revenue:
    1. PlayStation Q4 FY22
    2. PlayStation Q4 FY21
    3. PlayStation Q4 FY20
    4. PlayStation Q4 FY18
    5. PlayStation Q4 FY17
- 4th Highest recorded Operating Income in Q4.
  • Top 5 Q4 in terms of OI:
    1. PlayStation Q4 FY21
    2. PlayStation Q4 FY18
    3. PlayStation Q4 FY19
    4. PlayStation Q4 FY22
    5. PlayStation Q4 FY20
Here's a breakdown of PlayStation Sales per Segment in Q4:

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FY2022 Results:
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Gaming & Network Services (PlayStation) Revenue: ¥3644.6B/$26.917B (+33.03% YoY)
Gaming & Network Services (PlayStation) Operating Profit: ¥250B/$1.846B (-27.76% YoY)

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Revenue reached an all-time high record: The first time where PlayStation segment Revenue surpasses 3000 Billion Yen
  • Top 5 biggest Yearly Revenue:
    1. PlayStation FY22
    2. PlayStation FY21
    3. PlayStation FY20
    4. PlayStation FY18
    5. PlayStation FY19
Here's a breakdown of PlayStation Sales per Segment in FY22:

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Hardware:

- Sony shipped 6.3m PS5s in Q4 FY22:
  • Significant YoY growth: 215% YoY VS 2m units in Q4 FY21.
  • Slight QoQ decrease: 4.17% QoQ VS 7.1m units in Q3 FY22.
- Record-breaking Consoles shipments in Q4 for SIE. (Highest amount of consoles shipped in Calendar Year Q1 by any Platform Holder to my knowledge)!
- Sony shipped 19.1m PS5s in FY22, beating their FY target/forecast of 19m PS5s!!
- 38.4m PS5s shipped since launch VS 40m PS4s in the same Timeframe. Launch aligned, PS5 is currently lagging behind PS4 by 1.6m Units.

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Network Services and PlayStation Plus:

PlayStation Plus Subscribers: 47.4m
  • Slight 2.16% QoQ increase (Up from 46.4m in Q3 FY22)
  • Flat YoY (47.4m in Q4 FY21)
The Network Services Segment revenue decreased slightly from ¥122.2B to ¥118.95B
This decrease is probably due to promotional activities to retain and attract new subscribers!
Everything leads me to believe that Plus has reached its ceiling!

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Software:

68m Full PS4/PS5 Games sold in Q4 FY22.
  • 3.55% YoY decrease: Down from 70.5m in Q4 FY21.
  • 21.39% QoQ decrease: Down from 86.5m in Q3 FY22.
  • Digital accounted for 70% of Full Games Sales in Q4 FY22, flat YoY (71%) and up from 62% QoQ.
Here's a breakdown of the PS4/PS5 Full Games Sales Physical/Digital Split.

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9.5m First-Party Games sold:
  • Significant 34.4% YoY decrease: Down from 14.5m in Q4 FY21. (Horizon Forbidden West and Gran Turismo 7 launch Quarter)
  • Significant 54.3% QoQ (!!!) decrease: Up from 20.8m in Q3 FY22. (God of War Ragnarok launch Quarter)
  • First-Party Games account for 13.97% of the Total Full Games sold in Q4 FY22.
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The average profit from a Physical PS4/PS5 Game sold during FY22 Q3 is $16.09.

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The average price of a Digital Game sold on the PS Store during FY22 Q4 is $27.09.
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Edit: Added FY22 Results
Edit2: Added Network Services

If there are any mistakes or if you have any suggestions please let me know!
 
Last edited:
Carmelozi

Carmelozi

Banned
Nov 6, 2017
2,158
Fantastic work as always ChaosSlayer!
And incredible numbers for PlayStation and it's not stopping at any time soon it seems.
 
Fliesen

Fliesen

Member
Oct 25, 2017
10,256
Haha what the fuck at that unit graph. Really puts that amazing Q4 in perspective. It's almost as much as during the holiday quarter.
 
Kalentan

Kalentan

Member
Oct 25, 2017
44,729
So to put it in perspective.

How much would the PS5 need to sell in the next Financial Quarter to pass the PS4 at the equivalent time frame?
 
Dust

Dust

C H A O S
Member
Oct 25, 2017
32,337
You can dislike Jim Ryan as a person but as far as business goes, he knows what he is doing.
 
TurkishDelight

TurkishDelight

C++ Developer at Microsoft
Banned
Oct 5, 2022
1,346
Physical software is dead. It will become even more appearent with new designed PS5 ( digital only with physical additional accessory )
 
plow

plow

Member
Oct 28, 2017
4,650
Holy shit. a 60% increase in Revenue AND gaming Revenue being 8 billion dollars in ONE quarter alone that is not Oct-Dec is absolutely crazy.

Just to put some context to this Number. Nintendos gaming revenue for the whole year of 2021 was 8 Billion. The whole year. ( To put some more context, Nintendos profit margin is absolutely crazy, they probably make more profit in one quarter than Playstation does in a year )

Also Hardware being more than 30% of the Revenue is also unprecedented.
 

Mung

Member
Nov 2, 2017
3,436
Saying 'ps5 is a beast' feels like an understatement.

Edit: wait highest Q4 sales for any console in HISTORY? Daaaaaamn
 
Last edited:
rubidium

rubidium

Member
Oct 25, 2017
1,332
Wait so physical : digital : DLC : service = 4 : 16 : 21 : 11?
That's really something..
 
Tsuyu

Tsuyu

Member
Oct 25, 2017
4,643
What could be the notable reason for -55% yoy in terms of operating profit for Q4?
 
Wollan

Wollan

Mostly Positive
Member
Oct 25, 2017
8,816
Norway but living in France
Add-on-Content representing 24% of revenue VS 23% from total game sales (digital + physical).
edit: Removed some Activision merger talks, best reserved for other thread.
 
Last edited:
vivftp

vivftp

Member
Oct 29, 2017
19,781
Kalentan said:
Oh... Well, damn, I feel like that's possible??? Unless there is like an absolute massive drop off. Which maybe!

Though hey... could be good time to do a Showcase!
Click to expand...
Click to shrink...

Sony's already said they expect the PS5 sales curve to surpass the PS4's sales curve this FY. At the rate they're going, it's entirely possible that will happen this quarter.

And yup, we're only a few weeks away from a Showcase, according to the data Grubb has provided. Somewhere in the region of 4-5 weeks.
 
Portodutch

Portodutch

Member
Feb 17, 2021
7,164
Do we know what "others" consist of?
Because it has a pretty big increase compared to previous Q4's
 
Ariakon44

Ariakon44

Prophet of Truth
Member
Nov 17, 2020
10,197
Kalentan said:
Oh... Well, damn, I feel like that's possible??? Unless there is like an absolute massive drop off. Which maybe!

Though hey... could be good time to do a Showcase!
Click to expand...
Click to shrink...

They're forecasting a shipment of 25 million next year, so they'd be up by about 3.2 million at the end of March 2024 if they hit it
 

Samanyolu

Member
Apr 27, 2019
862
When was the last time a thread on Sony/PlayStation's financials did not have the words "Biggest" or "Best" ever? It seems it's just not letting up anytime soon. Well deserved, though, as they are killing it with their products. Not only on the PlayStation side of the business either.
 
Izanagi89

Izanagi89

Member
Oct 27, 2017
14,644
Great work ChaosSlayer . Haven't seen you around much but glad to see your awesome work this financial thread again.

On Sony…bruh lol That's all I can really say
 
Krazie

Krazie

Member
Jun 6, 2022
667
Wollan said:
Add-on-Content representing 24% of revenue VS 23% from total game sales (digital + physical).

Microsoft wanted to keep 100% of Add-on-Content revenue for Call of Duty (leaving 0% for Sony which under normal circumstances would be 30%) for their proposed 10 year agreement, Sony saying No to that was the only possible outcome for something so silly.
Click to expand...
Click to shrink...

There is zero proof of that and is obviously not something they offered Sony lmao
 
Fliesen

Fliesen

Member
Oct 25, 2017
10,256
invincible2020 said:
Will we get to know true figures of how well Psvr2 has sold plus games since launch? With these results?
Click to expand...
Click to shrink...

I think they're going to obfuscate the sales numbers of PSVR2 a bit, because it's not quite the same success story as the PS5.

I do still believe that being the only console on the market that comes with the option to be a VR console is still a worthwhile endeavour, regardless of how profitable PSVR2 itself is.
 
Wollan

Wollan

Mostly Positive
Member
Oct 25, 2017
8,816
Norway but living in France
Krazie

Krazie

Member
Jun 6, 2022
667
Wollan said:
Don't want to derail this thread (it was brought up in Activision thread) but it can be read from this tweet / CMA report: https://twitter.com/stephentotilo/status/1651686320568168459?t=z9hM0VkTBrj6Z-hUVeGNHw&s=19
Click to expand...
Click to shrink...

They weren't even offering Sony a cloud deal. You think Sony got the same offer as some small player as Boosteroid, which is quite different than a main console manufacturer?

C'mon, that clearly doesn't make an ounce of sense once you take a second to think about it.
 
g-m1n1

g-m1n1

Member
Oct 27, 2017
2,409
Luxembourg
85B $ revenue, 7B $ net profit.


And yet some people here think they can't buy a middle sized publisher because they were broke in 2010… :-)
 
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