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Sony Q2 FY2020 (July-Sept) Results - PS4: 1.5m (LTD: 113.6m) / PS4 is now the most profitable console in video game history / Profits +61.4% YoY

ArmGunar

ArmGunar

PlayStatistician
Member
Oct 30, 2017
6,527
*The US Dollar figures have been converted from Japanese Yen with exchange rate provided in Sony fiscal reports
Source 1 / Source 2


Highlights :
  • Over $4.77B Revenue and $0.988B Profit between July-September 2020 (Q2 FY20)
    • 2nd biggest Revenue ever for PlayStation (and for any platform holder) during Q2
      • Top 3 biggest Q2 Revenue ever:
        1. Sony Q2 FY18
        2. Sony Q2 FY20
        3. Sony Q2 FY19
      • To show how big Revenue are, Q2 FY20 Revenue are higher than any quarter of Xbox (even Oct-Dec quarters)
    • 3rd biggest Revenue ever for PlayStation (and for any platform holder) during a non-Holiday quarter (non-Q3)
      • Top 5 biggest non-Q3 Revenue ever:
        1. Sony Q1 FY20 (April-June 2020 - FF7R/TLOU Part II)
        2. Sony Q2 FY18 (July-Sept 2018 - Spider-Man)
        3. Sony Q2 FY20 (July-Sept 2020 - Ghost of Tsushima)
        4. Sony Q4 FY18 (Jan-Mar 2019)
        5. Sony Q1 FY18 (April-June 2018 - God of War/Detroit)
    • Best Operating Profit ever for PlayStation during Q2
      • 3rd best Operating Profit ever for any platform holder during Q2
    • 2nd best Operating Profit ever for PlayStation during any quarter (out of 104 quarters in PlayStation history)
  • Hardware : 1.5m PS4 sold-in during Q2 FY20 (LTD: 113.6m)
  • Software : 80.9m games sold-in during Q2 FY20
    • including 12.4m Sony published games (vs 6.3m - Q2 FY19)
      • 15.3% of total games sold this Q2 (vs 8.9% - Q2 FY19)
    • 2nd highest software sales during Q2 in video game history
    • PS4 is the only console to ever reach > 60m games sold in Q2 and to have 4 Q2 above 60m games sold
  • PS4 Software LTD : > 1.477B games sold
  • Software digital ratio : 59% during Q2 FY20 (July-Sept 2020)
    • Highest digital ratio ever during Q2
  • Software tie ratio : > 13.01 games per console
  • PlayStation Store had its biggest Revenue ever during Q2 with more than $2.80B (+30.9% YoY)
    • including Digital Software & Add-on content
  • PlayStation Software & Services saw their biggest Revenue ever during Q2 with more than $4.02B (+25.6% YoY)
    • including Physical / Digital Software & Add-on content / Services
  • 107m MAU (monthly active users)
    • 107m active users each spent about $26.14 on average on PS Store during Q2
  • FY2020 Updated Forecast :
    • $24.76B Revenue & $2.86B Profit... it would be:
      • Biggest Revenue for PlayStation (and for any platform holder) in video game history
      • 2nd best Operating Profit ever for PlayStation


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Sony Corporation - Q2 FY2020 (July 2020 - September 2020) :

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Sony Revenue : ¥2113.5bn / $19.90B (-0.4% YoY from ¥2122.3bn / $19.76B - Q2 FY2019)
Sony Operating Profit : ¥317.8bn / $2.99B (+13.9% YoY from ¥279bn / $2.60B - Q2 FY2019)
Sony Net Profit : ¥459.6bn / $4.33B (+144.6% YoY from ¥187.9bn / $1.75B - Q2 FY2019)
  • 3rd best Revenue ever for Sony during Q1
  • Best Operating Profit ever for Sony during Q1 (3rd best Operating Profit ever during any quarter)
  • Best Net Profit ever for Sony during any quarter

Top Biggest Profit Drivers for the Quarter :
  1. PlayStation : ¥104.9bn / $988M
  2. Electronic Products & Solutions : ¥54bn / $508M
  3. Music : ¥52.9bn / $498M
  4. Imaging & Sensing Solutions : ¥49.8bn / $469M
  5. Financial Services : ¥43.7bn / $411M
  6. Pictures : ¥31.8bn / $299M
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Some milestones per segment :
  • Music : Best Revenue and Best Operating Profit ever during Q2 / 2nd best Operating Profit ever during any quarter
  • Pictures : 2nd best Operating Profit ever during Q2
  • Imaging & Sensing Solutions : 2nd best Revenue and Operating Profit ever during Q2
  • Financial Services : 2nd best Revenue and Operating Profit ever during Q2
  • Electronics Products & Solutions : Best Operating Profit during Q2 since at least Q2 FY13 (no data before FY13)


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Gaming Division - Q2 FY2020 Results (July 2020 - September 2020) :

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​
Gaming Revenue : ¥506.6bn / $4.77B (+11.5% YoY from ¥454.4bn / $4.23B - Q2 FY2019)
Gaming Operating Profit : ¥104.9bn / $0.988B (+61.4% YoY from ¥65.0bn / $0.605B - Q2 FY2019)
  • 2nd best Revenue ever for PlayStation (and for any platform holder) during Q2
  • Best Operating Profit ever for PlayStation during Q2
  • 2nd best Operating Profit ever for PlayStation during any quarter
On a constant currency basis, Revenue increased +11.0% YoY and Op. Profit increased +59.4% YoY

Gaming Operating Margin during Q2 reached its highest level ever at 20.7% (previous record was 19.2% in Q2 FY99)

This quarter, the Gaming Division accounts for :
- 24.0% of Sony total Sales/Revenue (vs 21.4% - Q2 FY2019)
- 31.1% of Sony total Operating Profit (vs 21.8% - Q2 FY2019)


PS4 sell-in : 1.5m (vs 2.8m - Q2 FY2019)
PS4 LTD : 113.6m

Software sold : 80.9m (vs 70.6m - Q2 FY2019)
Software digital ratio : 59% (vs 45% - Q2 FY2019)
Software tie ratio : > 13.01 games per console (vs > 11.26 games - Q2 FY2019)
Software sell-in LTD (minimum) : > 1.477 billion games
  • 2nd highest software sales during Q2 in video game history
    • During the past 4 Q2, PS4 sold each time over 60m games
  • PS4 is the only console to ever reach > 60m games sold during Q2
  • During this quarter, more than 10.18 games have been sold each second in the world (= 879 300 games sold each day)
  • More than 518 000 digital games have been sold-through each day on average on the PlayStation Store during Q2
PS+ Members : 45.9m (up from 36.9m - Q2 FY2019)
  • All-time high number of PS+ subscribers
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According to my calculations, PS4 is now the most profitable console in video game history !
From Q3 FY13 (Oct-Dec 2013) to Q2 FY20 (July-Sept 2020), PlayStation amassed ¥1230bn ($11.33B) Profits
That's not counting the future profits PS4 will make in the upcoming quarters thanks to its 113M+ user base so far

NDS brought between ¥875bn to ¥1150bn Profits (unadjusted and adjusted for inflation)
Wii generated between ¥823bn to ¥1100bn Profits (unadjusted and adjusted for inflation)
--> These are huge numbers, for comparison PS1 generated ¥378bn ($3B) Profits and PS2 ¥263bn ($2.22B) Profits


This quarter marks a shift, after 27 quarters, PS4 is now tracked behind PS2 for its 28th quarter in the market

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Here is below the PS4 software sales since FY2015, including the quarterly physical/digital split from FY2016 onward
(doesn't include "download only software titles" for FY15)
  • With only 2 quarters counted for FY20, there are already more games sold than during the entire FY15 (April 2015-March 2016)
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This is the Quarterly Software Sales since FY16, with the Physical/Digital split

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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)
Including : 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) : Ratchet & Clank and Uncharted 4
  • Q4 FY16 (Jan-Mar 2017) : Horizon Zero Dawn
  • Q1 FY18 (Apr-June 2018) : God of War & Detroit
  • Q1 FY19 (Apr-June 2019) : Days Gone
  • Q1 FY20 (Apr-June 2020) : The Last of Us Part II
  • Q2 FY20 (July-Sept 2020) : Ghost of Tsushima
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 - Updated FY2020 Forecast (April 2020 - March 2021) :

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​
Gaming Revenue : ¥2600bn / $24.76B (up from ¥2500bn / $23.36B - Aug 2020 forecast)
Gaming Operating Profit : ¥300bn / $2.86B (up from ¥240bn / $2.24B - Aug 2020 forecast)

It would be :
  • Best Revenue for PlayStation (and for any platform holder) in video game history
  • 2nd best Operating Profit ever for PlayStation

This is the PlayStation Yearly Revenue & Operating Profit with FY2020 Forecast
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 was the 2nd biggest year ever for PlayStation with over $18.19B in Revenue and $2.19B in Profit
    • 2nd best Revenue for any platform holder in video game history
  • FY20 Forecast (FY20 FCT) is $24.76B Revenue and $2.86B Profit.... it would be :
    • Best Revenue for PlayStation (and for any platform holder) in video game history
    • 2nd best Operating Profit ever for PlayStation
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Here is below the PlayStation's history of Operating Profit/Loss

Unlike PS1/PS2/PS3/PS4's launch years, PS5's launch year will see a huge profit of $2.86B thanks to :
  • the big PlayStation Store Revenues
  • recurrent Services Revenues
  • highly-profitable first party games, planned this fiscal year (including TLOU Part II, Ghost of Tsushima and Miles Morales)
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Summary of PS4

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Previous threads :
Q1 F2020
FY2019, Q3 FY2019, Q2 FY2019, Q1 FY2019
FY2018, Q3 FY2018, Q2 FY2018, Q1 FY2018
 
Last edited:
Fat4all

Fat4all

Woke up, got a money tag, swears a lot
Member
Oct 25, 2017
92,830
here
my guess for PS4 lifetime sales was 110 mil back when the system first launched
 
Radec

Radec

Member
Oct 26, 2017
4,406
But era told me they're not the market leader though

Great work as usual ArmGunar
 
Savantcore

Savantcore

Member
Oct 28, 2017
880
Gotta raise those game prices though 🙄

Congrats to Sony - even though it won't surpass the PS2's sales, safe to say that's it even more of a beast.
 
Le Dude

Le Dude

Member
May 16, 2018
4,709
USA
Cess007 said:
Unless major price drops and also something extraordinary happen; around 120m seems like it will be the PS4 final number
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Yeah 120-125 depending on how long it stays on the market and how aggressive Sony is with it. With some games being cross platform they may keep it around and give it a price drop and it might leg it out a bit longer.
 
SilverX

SilverX

Member
Jan 21, 2018
13,015
Great last quarter that was solely focused on PS4. The PS5 is going to be a juggernaut with the success of the brand
 
Terraforce

Terraforce

One Winged Slayer
The Fallen
Oct 27, 2017
18,917
JamFlan said:
Yeah 120-125 depending on how long it stays on the market and how aggressive Sony is with it. With some games being cross platform they may keep it around and give it a price drop and it might leg it out a bit longer.
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With Horizon and possibly more being cross platform, it feels like Sony wants to keep pushing PS4s even into 2021. So 120+ seems pretty likely.


Kenzodielocke said:
Sony gets 100% revenue from TLoU2, only 30% form FF7r.
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I was being facetious. I thought the emote would give it away.
 
nolifebr

nolifebr

Banned
Sep 1, 2018
11,465
Curitiba/BR
About development during the pandemic:

"Regarding the impact from the spread of COVID-19, Sony is aware that there have been delays in the development of some third-party software titles due to constraints such as working from home.

However, necessary measures are being taken and preparations are underway with the aim of ensuring that many strong titles can be released from Sony's first-party studios and its partners' studios in connection with the launch of PlayStation 5."
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Le Dude

Le Dude

Member
May 16, 2018
4,709
USA
Terraforce said:
With Horizon and possibly more being cross platform, it feels like Sony wants to keep pushing PS4s even into 2021. So 120+ seems pretty likely.



I was being facetious. I thought the emote would give it away.
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That's what I'm thinking. Above 125M seems unlikely unless they're really aggressive though, and 130M IMO is the ceiling.
 
Valentonis

Valentonis

One Winged Slayer
Member
Oct 8, 2020
1,032
Well deserved. This little machine has taken me on some pretty great adventures.
 
Modest_Modsoul

Modest_Modsoul

Living the Dreams
Member
Oct 29, 2017
23,613
Thanks for the update.

Man, wish they'd also give us latest first-party game sales...

They only 'brag' about 3 days sales a week later after launch.
 
TheCarrotKiller

TheCarrotKiller

Member
Oct 25, 2017
823
Sweden
First of all, fantastic thread. So easy to read. Love your use of colors!
ArmGunar said:
FY20 Forecast (FY20 FCT) is $24.76B Revenue and $2.86B Profit.... it would be :
  • Best Revenue for PlayStation (and for any platform holder) in video game history
  • 2nd best Operating Profit ever for PlayStation
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This is fucking massive. In a year they are launching a new console at ($399 and $499). Absolute bonkers. They upped the profit forecast with 25% since aug!
What entails this? Higher than expected first party software sales, or have they managed to decrease production costs for PS5 already.
 
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