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[reksveks]

Presentation: https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/22q3_sonypre.pdf
Source of Supplementary Info: https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/22q3_supplement.pdf

Main
- PS5 Units: 7.1m so 82% growth (LTD: 32.1m) so 5.2 required for Q4 so the FY target.
(Last year was 3.9m)
- Hardware: 440,715m yen
(Last year was 201,534m yen)
- First-party software sales: 20.8m (maybe a record???)
- PS+ numbers / revenue ratio: 46.4m subs but 122,201m yen so roughly 877 yen per month per user
(Last year was 48.0m and 102,501m yen so ARPU roughly ~ 711yen per month per user)
- OI margin: ~9.3% margin
(Last year was 11.4%)
- YoY growth was 433.3bln yen and fx impact was +174.9bln yen (CC growth would be 31.3%)

Others
- FY rev forecast is the same but OI is going up due to the FX changes (USD has weakened in comparison to the JPY)
- Last year 12% of full games sold was first party, this last Q it was 24%
- Gaming under the music segment did decline about 15% (its peanuts obviously)

Call is in a hour at https://live.irwebmeeting.com/sony/live/20230202/p7k4dzms/202303_3q_02_en/index.html

 

[ByWatterson]

As I was saying.

I get the distinct feeling they're crushing it.

 

[BeardGawd]

Damn Sony is killing it.

 

[Heisenberg007]

7.1M is Good game, PlayStation!

 

[lh032]

What an organic growth of earnings

 

[Ronin_7]

Revenue at ~27B US$ SINCE the Yen is weak.

3.3B income.

Again WEAK Yen, Numbers in dollars are lower than it actually should be, still great results.

 

[Raonak]

Wow, that's insane.

This is now a sony gif tread.

 

[kyliethicc]

SIE quarterly total revenue is at an all time high
game software revenue is at an all time high
PS+ quarterly revenue is at an all time high
MAU is near an all time high (2 mil shy)
PS5 will still likely miss their FY goal of 18 million but they'll get close

 

[Heisenberg007]

SIE quarterly total revenue is at an all time high
game software revenue is at an all time high
PS+ quarterly revenue is at an all time high
quarterly revenue overall is at or near an all time high
PS5 will still likely miss their FY goal of 18 million but they'll get close

Damn, Jim Ryan must go ASAP!

 

[James Sawyer Ford]

Despite much higher sales, their operating income wasn’t greatly improved

Is that because of Bungie’s acquisition cost?

 

[reksveks]

Despite much higher sales, their operating income wasn’t greatly improved

Is that because of Bungie’s acquisition cost?

Again just HW has a lower margin, and FX impacts

 

[James Sawyer Ford]

Again just HW has a lower margin, and FX impacts

FX impacts, but for US sales it’s not a difference, and they got a price increase for exUS markets

HW costs are increasing dramatically it seems

 

[ShadowkillXNA]

SIE quarterly total revenue is at an all time high
game software revenue is at an all time high
PS+ quarterly revenue is at an all time high
MAU is near an all time high (2 mil shy)
PS5 will still likely miss their FY goal of 18 million but they'll get close

They only need 5.2 million more ps5's, they just shipped 7.1 million in q3.
I think they'll get there.

 

[reksveks]

Largely irrelevant for multiple reasons, like average price and obviously the pandemic but if you want to see what the ps5 needs to sell to catch up

PS4 9 quarters LTD: 37,700,000
PS5 9 quarters LTD: 32,100,000

Credit to Welfare for the numbers.

 

[onQ123]

Beast Mode Activated

 

[vivftp]

Largely irrelevant for multiple reasons, like average price and obviously the pandemic but if you want to see what the ps5 needs to sell to catch up

PS4 9 quarters LTD: 37,700,000
PS5 9 quarters LTD: 32,100,000

Credit to Welfare for the numbers.

Yup, the PS5 started ahead of the PS4 and was faster to hit 10 million, but component shortages massively fucked their plans on multiple fronts so it's very much behind the PS4 now. They've stated that the PS5 will once again surpass the PS4 next FY though, meaning a minimum of 23 million units have to be shipped next FY to meet that goal. Then we have Tom Henderson rumoring 30.5 million is the actual goal

Will be fun to see how things shape up.

 

[kyliethicc]

They only need 5.2 million more ps5's, they just shipped 7.1 million in q3.
I think they'll get there.

their Q4 (jan-mar) all time high for PS4 & PS5 is 3.3 so I doubt it

even breaking 3 mil in that quarter is very rare for PlayStation

 

[ArcaneNLSC]

But but but she said Sony was going to get smoked in 2022.

Sony right now

 

[azertydu91]

Alright now those number looks legit, even though they are from the same source as Z zedinen something seemed off.

 

[reksveks]

their Q4 (jan-mar) all time high for PS4 & PS5 is 3.3 so I doubt it

I wouldn't be hesitate as well but Amazon UK/DE maybe giving me false confidence.

Yup, the PS5 started ahead of the PS4 and was faster to hit 10 million, but component shortages massively fucked their plans on multiple fronts so it's very much behind the PS4 now. They've stated that the PS5 will once again surpass the PS4 next FY though, meaning a minimum of 23 million units have to be shipped next FY to meet that goal. Then we have Tom Henderson rumoring 30.5 million is the actual goal

Will be fun to see how things shape up.

Yeah, waiting to see the next year's forecast to see what they say the forecast is for the FY. Not 100% 23m is enough cause they did sell 19.4m in the next 4 Q's in the ps4 life cycle. Correct me if I have my numbers off.

 

[GhostOfTsu]

They sold 21 millions first-party games in 3 months????

 

[vivftp]

They sold 21 millions first-party games in 3 months????

Well God of War launched in that quarter and hit 11 million units up until January 22nd. So that 11 million figure does contain an extra 3 weeks of sales, but yeah it seems likely that God of War accounted for maybe 9 million or so of that 21 million. Great showing for the rest of their first party to still do so much.

 

[kyliethicc]

They sold 21 millions first-party games in 3 months????

well, 20.8 mil but yeah

god of war ragnarok
god of war
gran turismo 7
horizon forbidden west
the last of us part 1
the last of us part 2
ratchet rift apart
miles morales
ghost of tsushima
mlb 22

all charted in the last few months

 

[kazuyamishima]

They sold 21 millions first-party games in 3 months????

Yes.

Also, don’t know if they will reach their target, but a lot of European countries are having stock on their respective Amazon storefront.

And today, anybody can buy a GOW:R disc bundle on Amazon US without any invitation, just add to cart and buy.

 

[reksveks]

Call is on at the moment but they are just talking about business structure, might miss the interesting things.

 

[azertydu91]

Yes.

Also, don’t know if they will reach their target, but a lot of European countries are having stock on their respective Amazon storefront.

And today, anybody can buy a GOW:R disc bundle without any invitation, just add to cart and buy.

I'm not sure, I checked and in France only 1(I mean 1 item once this one is sold they'll be out of consoles) bundle is available on amazon the rest is via invitation.

 

[Heisenberg007]

They sold 21 millions first-party games in 3 months????

I skipped over that. Damn, that's a lot. Any guesses what those games would be?

We know that God of War Ragnarok would have done around ~9 million alone. For the rest of the 11-12 million, my guesstimates are:

• God of War (2018): 1 million
• TLOU P1: 2 million
• TLOU 2: 2 million
• Miles Morales: 1 million
• GT7: 1.5 million
• Horizon Forbidden West: 2 million
• GoT, Returnal, Ratchet: 1 million
• Others: 1-1.5 million

 

[kazuyamishima]

I'm not sure, I checked and in France only 1(I mean 1 item once this one is sold they'll be out of consoles) bundle is available on amazon the rest is via invitation.

The stock is going on/off, on Amazon UK and Germany, stock has been consistent (for the GOW:R disc/digital bundle in Germany) and Non bundle (UK).

As edited in my post, Amazon US has NO restrictions with the GOW:R disc bundle.

Also, A lot of Japanese retailers have lifted restrictions about getting a PS5.

Time will tell if Jim Ryan needs to go or not…..

 

[azertydu91]

The stock is going on/off, on Amazon UK and Germany, stock has been consistent (for the GOW:R disc/digital bundle in Germany) and Non bundle (UK).

As edited in my post, Amazon US has NO restrictions with the GOW:R disc bundle.

Also, A lot of Japanese retailers have lifted restrictions about getting a PS5.

Time will tell if Jim Ryan needs to go or not…..

Yeah I know but I still have some sfriends that have troubles getting one so I dson't think they that readily available...At least in france though , I don't know about germany nor UK.

 

[Robb]

I didn’t think they’d break 7M, this is great news!

And those first party sales are fantastic as well.

 

[kazuyamishima]

Yeah I know but I still have some sfriends that have troubles getting one so I dson't think they that readily available...At least in france though , I don't know about germany nor UK.

I hope the situation gets better in France, it seems that Spain is also facing similar problems. Could be that Sony is sending more stock to UK/Germany atm.

 

[Ronin_7]

their Q4 (jan-mar) all time high for PS4 & PS5 is 3.3 so I doubt it

even breaking 3 mil in that quarter is very rare for PlayStation

See you in April thread

 

[azertydu91]

I hope the situation gets better in France, it seems that Spain is also facing similar problems. Could be that Sony is sending more stock to UK/Germany atm.

Possible, Sony always did great numbers in spain an france too , not nintendo switch numbers but great numbers , that might be the reason, while UK was more Xbox and germany PC I believe.

 

[kyliethicc]

See you in April thread

you mean may?

 

[Heisenberg007]

you mean may?

As in we may see you in the April thread?

 

[kyliethicc]

As in we may see you in the April thread?

the month

 

[freefornow]

 

[Sirolf]

Yeah I know but I still have some sfriends that have troubles getting one so I dson't think they that readily available...At least in france though , I don't know about germany nor UK.

There are some physical stock in my local FNAC (Le Mans) so the situation improves !

 

[azertydu91]

There are some physical stock in my local FNAC (Le Mans) so the situation improves !

Shit one of my friend that wants one went on a work trip from Paris to bretagne last week, why didn't you tell that a week ago....
He's gonna be pissed when I'll tell him.

 

[Heisenberg007]

the month

 

[Ronin_7]

you mean may?

Correct

 

[Panajev2001a]

Correct

Definitely not him, right?

 

[tmlDan]

Revenue at ~27B US$ SINCE the Yen is weak.

3.3B income.

Again WEAK Yen, Numbers in dollars are lower than it actually should be, still great results.

Yen is not weak anymore, its almost at its highest in over a decade since they opened the borders

 

[Dr.brain64]

 

[reksveks]

Did they just say the forecast is now 19m?

Some images from the call

 

[vivftp]

Nice, 19 million projected means they have to hit 6.2 million in Q4, which seems very doable considering they produced about 6 million back in Q2.

This also means they need an absolute bare minimum of over 22 million next FY to surpass the PS4 sales curve.

 

[Elios83]

They upped the forecast to 19m
But people on GAF stated that even 18m was impossible

 

[reksveks]

If the source is just me, please would like us to hold off on this point of the 19m forecast until we get confirmation. Might have misheard or might be a mistake.

 

[rhodesianshepard]

Largely irrelevant for multiple reasons, like average price and obviously the pandemic but if you want to see what the ps5 needs to sell to catch up

PS4 9 quarters LTD: 37,700,000
PS5 9 quarters LTD: 32,100,000

Credit to Welfare for the numbers.

From a demand perspective, I'm guessing at least 45million units would need to be sold to keep up with the PS4. There are a lot more gamers now than in 2015. PS4's were on store shelves everywhere by this point

 

[yurinka]

They sold 21 millions first-party games in 3 months????

10M of GoWR, plus the first Christmas season for GT7 and HFW, plus TLOUR, TLOUP1 and TLOU2 selling extra due to the tv show, plus PC ports.

Yes, makes sense.

They upped the forecast to 19m
But people on GAF stated that even 18m was impossible

Sony said in the past at least a couple times that they were confident on outperform their 18M estimation.