PlayStation FY2023 | Full Year + Q4 Results
▪️Annual revenue was up +17% to record $29.8B
▪️Software sales were up +24% at $14.1B
▪️4.5M PS5s sold in Q4 (-29% from PlayStation's all-time Q4 record of 6.3M the previous year)
▪️20.8M PS5s sold during FY23 (up +9% over FY22)
▪️It's a narrow miss on the revised 21M forecast, but a record year for PS5
▪️Lifetime PS5 sales are now at 59.3M, nearly equal to PS4 launch aligned (800K less)
▪️Profits rose, with operating income +$868M in Q4 (up +172% over Q4 FY22)
▪️Operating income was at +$2B in FY23 (+16% increase over FY22)
▪️118 million monthly active PSN users as of March 31, 2024 (up +9.25% over FY22)
▪️Forecasting 18M PS5 console sales for FY24, with higher operating profit (ending April 2025)
▪️They don't expect sales increase from first party in FY24, but do for FY25/26, meaning expect major first party titles to launch from April 2025 onwards
▪️Sony says they will invest the most into the Music segment, followed by PlayStation
▪️Sony Group has also set aside $11.5B for investment/acquisitions over next few years (read: for the company)
