Initial observation, Sony had neither underestimated nor overestimated its production capacity in the first months of 2022. The manufacturer intended to distribute a total of 2 million PS5 between January and March 2022, and that was what he did. As a result, the PS5 has 19.2 million consoles worldwide per year. March 31, 2022, including $ 11.5 million during the fiscal year. As we know, the machine is now despite itself well behind the PS4, which had 22.5 million consoles distributed worldwide at the same stage of its existence.
Despite the handicap that this endless lack of components represents, Sony’s video game activity has just completed the best year in its history, and managed to surpass the record numbers from the previous fiscal year. Between April 2021 and March 2022, revenue was 19.8 billion euros (an increase of 3%), while operating profit reached 2.5 billion euros (an increase of 1%).
During the fiscal year, 303 million PS5 / PS4 games were sold, including 43.9 million PlayStation Studios games, which is less than last year’s record (338.8 million and 58.4 million). The releases of titles like Elden Ring, Horizon Forbidden West and Gran Turismo 7 in the last quarter of the financial year were therefore not enough to do so well, but we’re still talking about the 2nd best performance in PlayStation history. game. Note that digital growth is starting to stagnate: Over the past 12 months, 66% of PlayStation game sales have been through downloads, compared to 65% in the previous year.
Video games remain the strongest segment of the group, with better revenue than electronics (€ 16.9 billion) and better operating profit than Sony Pictures (€ 1.5 billion). All of Sony’s activities are also pretty much in the green. The Group’s balance sheet indicates that its video game business has benefited from favorable exchange rates, while PS5 production costs continue to fall. On the other hand, sales of games and content from third-party studies have weakened.
Among the other important statistics, we note a decline in PlayStation Plus, which fell from 48 million subscribers at the end of December 2021 to 47.4 million subscribers at the end of March 2022. It will of course be interesting to return to see this figure at the end of June to see the impact of the new subscription formulas that will be available soon. Despite a good first quarter in terms of releases, the number of active users also dropped from 111 million to 106 million over the last three months.
Breakdown of PlayStation revenue between April 2021 and March 2022
- Box game sales: 935 million euros
- Sales of download games: 4.2 billion euros
- Additional content sales: 6.2 billion euros
- Subscription sales: 2.9 billion euros
- Console sales: 4.2 billion euros
- Sales of accessories, PS VR and PC games: 1.3 billion euros
On the horizon: more PS5 and PS VR2
For the next fiscal year ending March 31, 2023, Sony expects a sharp increase in video game revenue (26.5 billion euros, a new high in prospects), but a decrease in operating profit (2.2 billion euros). Euro). The increase in revenue could be explained by the increase in sales of consoles and peripherals, which could also include some PlayStation VR2.
In fact, Sony believes it can deliver 18 million PS5s by the end of March 2023. Not enough to get back to the PS4 or even meet the demand, but it would be a significant improvement over the 11.5 million PS5 ‘s to be shared during the exercise which has just been completed.
In the other direction, the decline in profits can be explained by the registration of special expenses, such as the expensive acquisition of Bungie, which will normally be completed before the end of the year 2022. At the same time, Sony plans to invest 290 million. euros more than last year in its PlayStation Studios. Sony also expects an increase in sales both from its own studios and games from third-party publishers.
Also to know:
- Overall, Sony achieved another record year with a turnover of 72 billion euros and an operating profit of 8.8 billion euros, while the net profit was 6.4 billion euros.
- Sony dropped the deal with PlayStation 4 by distributing only 1 million machines during the year, for a total of 117 million for the 2013 console.
- Russia and Ukraine represent only 0.7% of the group’s revenue for the year. The economic consequences of the sanctions and the conflict are therefore still small.