Support NeoGAF

[iHaunter]

PlayStation makes history with record $8.8 billion earnings in Holiday 2022

Sony is undeniably the market leader among the Big Three and just reported the best-ever PlayStation earnings of all time, shattering previous records.

www.tweaktown.com

PlayStation delivered record-breaking results in Holiday 2022. During the Q3 FY22 period, Sony made nearly $8.8 billion from its PlayStation gaming ecosystem. These stellar results show the entire PlayStation platform firing on all cylinders and include full game sales, subscriptions/services, and hardware, which make a significant portion of quarterly earnings. Sony's fusillade of PS5s during the holiday quarter helped skyrocket console earnings past $3 billion.

Holiday 2022 was a history-making quarter for PlayStation. Sony's gaming segment made revenues of $8.797 billion, a new all-time high. Total Games & Network Services revenues were up 23% year-over-year, representing an increase of $1.6 billion over last year.

Operating income was $820 million, the best profit for a holiday period that narrowly beat Holiday 2021's previous record of $817 million, however Sony's remarkable Q2'21 still reigns supreme with $991 million in operating profit.

Sony was able to deliver a 10.7% profit margin throughout Holiday 2022.

Sony Q3 Fiscal Year 2022 earnings at-a-glance

Revenue - $8.797 billion
Operating Profit - $820 million
Profit Margin - 10.7%

Let's take a closer look at how some of the PlayStation segments performed.

The breakout segment was hardware, which was up an incredible 75% thanks to dramatically increased PlayStation 5 retail availability. Sony shipped 7.1 million PS5s during the holiday quarter and made $3.11 billion from hardware sales during the period, representing a year-over-year increase of $1.337 billion.

Physical software was also a breakout performer during the Holiday 2022 quarter. Sony generated $659 million from physical game sales, with Call of Duty Modern Warfare II and God of War Ragnarok setting new records. Sony recently reported that Ragnarok has now broken 11 million sales.

Read more: https://www.tweaktown.com/news/9023...8-billion-earnings-in-holiday-2022/index.html

 

[Knightime_X]

With all those profits, maybe now they can afford to put ps1, ps2, and psp games on its so-called "premium" service.

 

[reinking]

 

[mansoor1980]

ryan has been REDEEMED

 

[FalsettoVibe]

Physical software was also a breakout performer during the Holiday 2022 quarter. Sony generated $659 million from physical game sales, with Call of Duty Modern Warfare II and God of War Ragnarok setting new records. Sony recently reported that Ragnarok has now broken 11 million sales.

This is why Sony is fighting the MS/ATV deal...

 

[Nankatsu]

 

[ExcitableBoy]

 

[feynoob]

Call of duty plus god of war was a great holiday for Sony.
Not to mention more PS5 sold too, which increased the sales.

 

[Pelta88]

Jez and Destin on twitter right now like

 

[Vroadstar]

 

[feynoob]

Jez and Destin on twitter right now like

Anyone who cries about other company sales is sore loser.
Fanboys are so pathetic

 

[MasterCornholio]

Well I guess playstation isn't in trouble no more.

 

[Kilau]

Lulu,

 

[MasterCornholio]

Lulu,

She's taking notes.

 

[MikeM]

Amazing what happens when you have good hardware and good software.

 

[Three]

A lot of it seems to be hardware revenue. They really ramped up production this holiday.

 

[Banjo64]

 

[SportsFan581]

^ You have to figure that most of the people that got a new console invested in some kind of software or services too, but yeah they did a great job moving a lot of units. Really bucking the downward trend in gaming software/hardware over the last couple quarters that most of the industry has shown.

 

[leo-j]

And so far to start the year ps5 sales are double what they were a year ago in the UK and even more so in Japan! They are aiming to catch ps4 LTD figures this year, so far so good!

 

[Chronicle]

Look at the 'all natty' gut on Sony.

 

[killatopak]

This how Jim Ryan keeps getting away with it.

 

[Eddie-Griffin]

Jim Ryan didn't really do anything things just happened.

All Phil had to do was release some games in the last 5 months of the year, and he delayed all 4 of what were expected to release in that period. Also no better X production.

Basically just gave Jim the entire 4-course meal for free.

 

[GenericUser]

This is awesome for their shareholders and CEOs. Phantastic news!

 

[Rayderism]

I guess jacking up game prices really paid off, eh?

 

[ChuckeRearmed]

Shame that it all will crash without COD

 

[Hobbygaming]

 

[X-Wing]

Wait for the record to be broken this Christmas with Spider-Man 2

 

[Aenima]

Jim Ryan didn't really do anything things just happened.

All Phil had to do was release some games in the last 5 months of the year, and he delayed all 4 of what were expected to release in that period. Also no better X production.

Basically just gave Jim the entire 4-course meal for free.

Yeah, Sony has to thank Phil for the increased PS5 production and releasing GoW Ragnarok on time.

Pls someone give that man another award.

 

[MasterCornholio]

Jim Ryan didn't really do anything things just happened.

All Phil had to do was release some games in the last 5 months of the year, and he delayed all 4 of what were expected to release in that period. Also no better X production.

Basically just gave Jim the entire 4-course meal for free.

Actually despite what you believe Jim did plenty of work. Whether we like him as a CEO or not.

 

[existensmaximum]

With all those profits, maybe now they can afford to put ps1, ps2, and psp games on its so-called "premium" service.

Or maybe they figure they can make lots and lots of money despite not putting them there?

 

[Tomi]

Those are CRAZY numbers, Sony is swimming in money

 

[Heisenberg007]

PlayStation fans celebrating this record quarter:

Sony, who wants to keep it low-key to thwart the Activision acquisition:

Michael Patcher who predicted, "Sony is doomed."

P.S. Good thread, by the way. Concise information well-put together!

 

[Knightime_X]

Or maybe they figure they can make lots and lots of money despite not putting them there?

A: Makes lots and lots of money.
Or...
B: Make a fuck load of money.
Seems like they went with the first thing to happen and stayed with it.

 

[Art The Clown]

 

[Ronin_7]

Greatest Console in history.
Amazing top tier software.
Greatest Controller in history.

Yeah Sony Will be breaking all records this generation.

 

[Deerock71]

Good job on making a lot of money. How's it feel to be outsold by decade old potato phone tech?

 

[ChorizoPicozo]

how can this be?....

 

[JohnnyFootball]

People can hate on Sony all they want and much of it is justified, but Sony is still proving that if you make high quality exclusives, people will buy them. Something MS really needs to step up to the plate with.

Well done.

 

[Three]

Really bucking the downward trend in gaming software/hardware over the last couple quarters that most of the industry has shown.

The increased hardware production and GoW release shows this increase but I think the overall down trend is still there in their results. Add on content down, network services down despite the new PS+. Digital software was up 7% YoY likely helped by increased console sales but they also had 2 massive releases, GoW Ragnarok and MW2, compared to last years Vanguard.

 

[OuterLimits]

Thank goodness some countries regulators are looking out for the clear global market leader making record profits.

 

[BeardGawd]

FTC needs to do the right thing here...

 

[Imtjnotu]

Activision deal Def going through now lol

 

[ChorizoPicozo]

Activision deal Def going through now lol

now?.

 

[ChorizoPicozo]

Good job on making a lot of money. How's it feel to be outsold by decade old potato phone tech?

is this potato cheaper or more expensive?

 

[ChorizoPicozo]

Wait for the record to be broken this Christmas with Spider-Man 2

what if Final Fnatasy XVI is a masterpiece?

 

[ChorizoPicozo]

She's taking notes.

jezz writting how PlayStation's succes is actually their demise.

 

[Eddie-Griffin]

Yeah, Sony has to thank Phil for the increased PS5 production and releasing GoW Ragnarok on time.

Pls someone give that man another award.

GOW:R had nothing to do with Jim Ryan.

Phil not having anyway to address either by delaying 4 games, and falsely promising on the former switching to saying there wouldn't be X supply in the holiday, well that had everything to do with Phil.

Actually despite what you believe Jim did plenty of work. Whether we like him as a CEO or not.

I didn't say anything about Jim not doing any work.

 

[MasterCornholio]

I didn't say anything about Jim not doing any work.

OK so what's your issue with him?

That he's got it easy while Phil has a mess to deal with?

Neither of them have easy jobs BTW.

 

[Robb]

 

[Ghost of Caelid]

Natty