FY 2024: PlayStation's Most Profitable Year on Record

Ironic

The year i stopped using my ps5 because pc replaces it too

A pointless system, just like xbox today. Sony should have kept true exclusives
 
The fiscal year of Concord and they broke profit records.

Maybe MS needs to release 3 Concords per year!


There's something called inflation: game prices are cheaper to buy than ever while they are more expensive to make than ever. So since can't boost units sold they have to raise prices to compensate it.
Those profit gains far exceed the rate of inflation.
 
Bluray drive cost $250 and sony forced them to include it in each playstation.

also, nvidia overcharged them for the rsx, and the cell was very expensive to produce early on.

There were reports that the $599 console actually cost $800 produce.
Nvidia overcharging? No way... Never!
 
There's something called inflation: game prices are cheaper to buy than ever while they are more expensive to make than ever. So since can't boost units sold they have to raise prices to compensate it.
It's interesting how inflation was never an issue in the videogame industry until the past few years. Just like this is the first gen where consoles don't have price drops because "muh chips" and the price of services keep rising while the quality decrease.
 
Charlie Sheen Applause GIF
 
Funny.

Going by Gaf, it almost seemed like Concord was going to bankrupt Sony.
Folks were expecting a sudden $100+ million hole to appear in some quarterly report. When in reality a loss like that would have already been incurred gradually over years.
 
Record profits… record price rises, record game prices… dam you think Sony would just eat that cost as they're making so much money like a good billion dollar corporation… hopefully there's been no layoffs, oh wait 😂
 
Most people subscribe to PS Plus to play online and use cloud saves. Most online games don't even use Sony servers. It's just printing money for them at this point.
 
It's interesting how inflation was never an issue in the videogame industry until the past few years. Just like this is the first gen where consoles don't have price drops because "muh chips" and the price of services keep rising while the quality decrease.
Yes, the inflation has been huge in recent years and wasn't that big before at all.

Game budgets also grew aprox. 2x or 3x every generation, so the total amount was low the first genereations, but the increase in the last two generation transitions is being too huge compared to as it was way before.

The problem also was that instead of adjusting the prices to inflation gradually over time little by little, they didn't increase the price at all. In fact, there were cheaper types of games, and both discounts and price cuts became more common, making the issue bigger.

So in recent times had to rise prices more aggresively, plus also trying to find additional revenue sources like addons/GaaS and also to release the games in more platforms.

Most people subscribe to PS Plus to play online and use cloud saves.
According to a handful Sony statistics shared or leaked and surveys even from PS3 the #1 reason has been games included in all of them. Please notice: even before the merge with PS Now.
 
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Record profits… record price rises, record game prices… dam you think Sony would just eat that cost as they're making so much money like a good billion dollar corporation… hopefully there's been no layoffs, oh wait 😂

Oh wait.....what? Did they announce layoffs?
 
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Wow, now Sony has more funds for gaas and live service development, concord 2 incoming :ROFLMAO:

Just kidding. Congratulations Sony for solid numbers. Now give us more single player exclusives and revive classic PS IP.
 
Odd how that works. And people are oh-so quick to defend it. They'll raise prices to make sure next year is also their most profitable. And the next year. And so on.

Stockholders > gamers. Used to feel like gamers were higher in the pecking order.

Wouldn't be a topic without the customary SonyToo from the Xfans.

Guy should probably wait until Sony does it before he SonyToo's it.
 
Record profits… record price rises, record game prices… dam you think Sony would just eat that cost as they're making so much money like a good billion dollar corporation… hopefully there's been no layoffs, oh wait 😂
Did I miss the news where game prices got increased or is this just fanboy BS?
 
Bluray drive cost $250 and sony forced them to include it in each playstation.

also, nvidia overcharged them for the rsx, and the cell was very expensive to produce early on.

There were reports that the $599 console actually cost $800 produce.
Tbf the bluray thing was the right call in the long run. It helped dethrone HD-DVD as the de facto physical media format going forward. It cost them a lot during the PS3 era, but I'm sure they more than recouped that from bluray sales since then.
 
Damn, why even sell a 60GB model at that point if it weren't a measure to mitigate costs on the lower capacity PS3, but actually a further loss of cash.

Suicidal corporate behavior.
Because they thought that the money was in Bluray winning the format war. They won that war but it turned out there was no money in it.
 
Their "best generation ever" according to some here.
i dont care how much money Sony lost, i only care for how many games they made and ps3 killed in that aspect, it was were most of PS franchises were born and their studios became masters of gaming.
 
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Bluray drive cost $250 and sony forced them to include it in each playstation.

also, nvidia overcharged them for the rsx, and the cell was very expensive to produce early on.

There were reports that the $599 console actually cost $800 produce.
Anyone wondering why Sony doesn't go with anything exotic in their consoles- PS3 is why.
 
Stockholders > gamers. Used to feel like gamers were higher in the pecking order...
100% Agreed. I understand, and am even empathetic to, the need for a business to make money. Developers should be paid for their incredible work, and if a development house goes out of business then they're not around to make great games for me to enjoy. But, the profit motive always sat behind a veneer of creativity where buying a game always felt like a fair transaction to access something potentially amazing. I'd give them my money and they'd give me a full and complete game to cherish. Today, the creative veneer is gone and companies like Microsoft and Sony aren't even trying to hide their greed. Buying a game is beginning to feel like going to a new mechanic for the first time - you're left wondering "how are you ripping me off today?".
 
good to see playstation performing well, but i seriously hope they dont increase the price much if they want to retain the steady ps5 sales.
 
100% Agreed. I understand, and am even empathetic to, the need for a business to make money. Developers should be paid for their incredible work, and if a development house goes out of business then they're not around to make great games for me to enjoy. But, the profit motive always sat behind a veneer of creativity where buying a game always felt like a fair transaction to access something potentially amazing. I'd give them my money and they'd give me a full and complete game to cherish. Today, the creative veneer is gone and companies like Microsoft and Sony aren't even trying to hide their greed. Buying a game is beginning to feel like going to a new mechanic for the first time - you're left wondering "how are you ripping me off today?".

Yep. I've said it before. This stuff is being run by accountants who have probably never played a game in their life. Sad to see.
 
Record profits… record price rises, record game prices… dam you think Sony would just eat that cost as they're making so much money like a good billion dollar corporation… hopefully there's been no layoffs, oh wait 😂
Pretty sure it was Nintendo that just raised their game prices. And MS that just massively increased their console price, as well as 3% layoffs. But go off.
 
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i dont care how much money Sony lost, i only care for how many games they made and ps3 killed in that aspect, it was were most of PS franchises were born
In terms of new IPs that went on to release sequels (or remakes) on future platforms? Not true, it doesn't beat PS1 and PS2.

PS1:
Arc the Lad
Wipeout
Destruction Derby
Twisted Metal
Warhawk
Wild Arms
I.Q.: Intelligent Qube
Everybody's Golf
Gran Turismo
XI [sai]
Yarudora
MediEvil
Syphon Filter
Oreshika
Ape Escape
Doko Demo Issyo
Ore no Ryouri
Vib
Boku no Natsuyasumi
Gunparade

PS2:
Jak and Daxter
SOCOM
Sly Cooper
Ratchet & Clank
The Getaway
Siren
Singstar
Killzone
God of War
Genji
Buzz!
Shadow of the Colossus

PSP:
LocoRoco
No Heroes Allowed!
Invizimals

PS3:
Resistance
Motorstorm
Uncharted
LittleBigPlanet
Demon's Souls
Infamous
Fat Princess
ModNation Racers
The Last of Us

PS Vita:
Gravity Rush

PS4:
Astro Bot
Helldivers
Until Dawn
Horizon
Ghost of Tsushima
and their studios became masters of gaming.
Santa Monica Studio (God of War), Naughty Dog (Jak and Daxter: The Precursor Legacy), Japan Studio (Shadow of the Colossus) and Polyphony Digital (Gran Turismo 1/2/3/4) were already having critical acclaim before the PS3 generation started.
 
In terms of new IPs that went on to release sequels (or remakes) on future platforms? Not true, it doesn't beat PS1 and PS2.
Since when is that the be-all metric? By that logic, the NES was the greatest console ever and every other Nintendo console was garbage.
 
Oh wait.....what? Did they announce layoffs?
MS is the one who announced layoffs, not Sony.

Sony announced record revenue, profit or active userbase instead. But seems some people doesn't like Sony's good news, and often when see some MS bad news they falsely claim that same happens with Sony or will happen.
 
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Damn, why even sell a 60GB model at that point if it weren't a measure to mitigate costs on the lower capacity PS3, but actually a further loss of cash.

Suicidal corporate behavior.
It's just a stupid article.

They lost ~$240 on the 60GB model and ~$300 on the 40GB model.
 
Folks were expecting a sudden $100+ million hole to appear in some quarterly report. When in reality a loss like that would have already been incurred gradually over years.
It doesn't work this way.
In accounting all expenses go against value of created asset (game) so no loss is realized - it's quite stupid and misleading to show "losses" for many years before game comes out to suddenly show big profit when it releases.
Failed game realize losses the moment they fail and company forced to write-off value of asset (game)
And this "hole" was shown in report, it's just the quarter was so good (x3 profit jump YoY) that it went unnoticed and you have to look at secondary metrics like long-lived assets that suddenly dropped by 400 mio USD in Q3'24 to understand that write-off did take place (it's probably not only Concord but revaluation of whole gaas initiative as no further write-offs took place in following quarters).

IFRS works on economic substance principles, not a cash method, so spending 100k$ on a car (worth 100k$) doesn't lead to losses of 100k$ as you change one asset (money) to another asset (car) of equal value.
 
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And next year even better, and the next GTAVI... but well, for Mochizuki they are "disappointing" results xDD
Gq8OEL0XcAAR-Nz
B.....bu.....but Sony is doomed, haven't you heard?


Time and time again the idiotic narratives we hear on GAF do not match reality at all. To some this is Sony's worst gen ever and to others it's amazing, one thing is certain though and it's this gen is the most successful gen ever financially for Sony and for any company ever in the history of gaming. Record profits for them and record revenue for the industry as a whole and the crazy thing is that GTA6 hasn't hit yet. Next year will be even more successful for them with the arrival of GTA6, and they will break even more records then.

The constant doom and gloom we see around Sony here on GAF is one of the weirdest phenomenons I've ever come across. I get it that some people don't like the brand or Sony's way of doing business but just because you dislike something doesn't mean you have to be delusional about it. I see so many weird and delusional takes about Playstation's success this gen and every time Sony releases their financials these people with delusional takes go into hiding only to come out again days or even hours later spewing the same bullshit.
 
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Once digital downloads and mtx galore took over console gaming midway through the X1/PS4 gen, first party console makers should be raking in the bucks. Cutting out Amazon, Walmart, GS, Best Buy etc... working wonders on the financials.
 
Oh wait.....what? Did they announce layoffs?


8% of their workforce in the last 12 months.

Did I miss the news where game prices got increased or is this just fanboy BS?

Prices got raised this generation to $129 Australian, all Sony consoles just had a price rise in the world.

Pretty sure it was Nintendo that just raised their game prices. And MS that just massively increased their console price, as well as 3% layoffs. But go off.

Eh? Sony raised their console prices around the world, and has laid off 8% of their PlayStation employees.

I don't care, my point was comparisons to Microsoft's record revenue.
 
Anyone else just not a big fan of Sony recently, seems to be a lot of bullshit coming from them.
They are obviously doing very well but makes me not want to invest in the platform so much and just focus on PC gaming more.

Thing is I love consoles and have built up a library there seems like a real waste to just abandon it and move fully over.
I miss the UI and integrated nature of their consoles.

Playnite is shite.
 
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