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Sony Q3 FY3/2025 Financial Results (Oct-Dec 2024) | G&NS sales up by 17% YoY, OI up by 37%; PS5 HW at 9,5m (+16%), SW at 95,9m (+7%), FCT up

Overview Discussion (358)

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Lelouch0612

Lelouch0612

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Archivist Genius Staff

Sony Group Portal - FY2023 Q2 Earnings Announcement

www.sony.com www.sony.com

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Q3 sales

Hardware - 9,5M (+16% YoY)
Software - 95,9M (+7% YoY)

Q2 sales

Hardware - 3,8M (-22% YoY)
Software - 77,7M (+15% YoY)

Q1 sales

Hardware - 2,4M (-27% YoY)
Software - 53,6M (-5% YoY)

Forecasts for the G&NS segment (in Bn Yen):

Sales: 4.610(+120)
Operating Income: 380 (+25)

Changes are with the November forecast


Slides from the web call

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Amazing quarter. They will reach and exceed the goal of 18 million consoles easily.
Profits also continue to go up.
Sony's gaming branch is really reporting crazy results
 
Sony had a great quarter. It is wild how strong the PS5 continues to sell, even without a permanent price cut and the world economic situation.
 
This is the peak quarter of PS5's life cycle (probably will remain so), very impressive and makes hitting their 18 million fiscal year target a certainty.

Year over year quarter 3 Hardware shipments are 1.3million up from 8.2 million.

PS5 Versus PS4

For the 3rd quarter of the 4th full fiscal year (orange) the 9.5 million the PS5 shipped is 0.5 million up on PS4's 9.0 million and after 17 quarters the PS5 totals 75.0 million compared to 76.7 million for the PS4. This means launch aligned the PS5 is 1.7 million behind PS4.

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For PS5 Calendar Year Shipments (millions)

2020: 4.50
2021: 12.80
2022: 14.80
2023: 22.70
2024: 20.20
 
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The success this generation for PS5 with little first party output shows clearly that people have never bought PS for first party games, and that third party games remain the bread and butter for PS.
 
Luminoth 4545 said:
This is the peak quarter of PS5's life cycle (probably will remain so), very impressive and makes hitting their 18 million fiscal year target a certainty.

Year over year quarter 3 Hardware shipments are 1.3million up from 8.2 million.

PS5 Versus PS4

For the 3rd quarter of the 4th full fiscal year (orange) the 9.5 million the PS5 shipped is 0.5 million up on PS4's 9.0 million and after 17 quarters the PS5 totals 75.0 million compared to 76.7 million for the PS4. This means launch aligned the PS5 is 1.7 million behind PS4.

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For PS5 Calendar Year Sales (millions)

2020: 4.50
2021: 12.80
2022: 14.80
2023: 22.70
2024: 20.20
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Don't bet on it.

GTA VI is gonna be monumental, i don't think this forum is actually ready for it.

Let's just wait for now.
 
Danny said:
The success this generation for PS5 with little first party output shows clearly that people have never bought PS for first party games, and that third party games remain the bread and butter for PS.
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They didn’t buy ps5 just for first party games but they probably chose one over an xbox because of them

Also, what gamers online perceive to be little output and what most other people do is completely different. Spider-Man 2, God of War Ragnaork, Gran Turismo 7, Wukong, etc. are massive games. They won a GOTY last year. Spider-Man 2 was still one of the best selling games of the year in 2024 along with Helldivers 2.

Most casual gamers aren’t buying a half dozen games every year regardless. The perception around first party vs exclusives is completely out of whack for these discussions.
 
Profits were expected to be great because of the success they're finding in the PC market, but I'm slightly baffled that it's managing to keep pace with PS4 despite such a baron lineup relative to prior generations.

To what do we attribute this to?

I believe the console market is growing and wants to explode but with Xbox completely falling off, PS5's subpar lineup of heavy hitters and Switch being at the end of its life cycle we're seeing a skewed picture that will become much more telling when the Switch 2 hits and GTA 6 is released for PS5. A growing market that is starved but will soon be satiated. We're in for a monstrous 2026.
 
The numbers for Q4 will be interesting since they have the MH:W bundles in Japan and the Astro Bot bundle in North America and Europe
 
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GamingCJ said:
20% YoY growth is huge. PS+ revenue might actually grow faster than Gamepass, despite BO6 launching there.
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Revenue growth driven entirely by price hikes, because they already they found the user cap. They can only show this sort of growth again by further price hikes, and I’m not sure how well that would work given current prices.
 
Person said:
Revenue growth driven entirely by price hikes, because they already they found the user cap. They can only show this sort of growth again by further price hikes, and I’m not sure how well that would work given current prices.
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Every service has had price hikes the past year.
 
Person said:
Revenue growth driven entirely by price hikes, because they already they found the user cap. They can only show this sort of growth again by further price hikes, and I’m not sure how well that would work given current prices.
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Given that they continue to sell, they will likely just continue the strategy to monetize the user base ever more. PS has reached the brand level that consumers no longer care about the price.
 
Remember_spinal said:
Every service has had price hikes the past year.
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Correct, I never said otherwise. Also, all services have reached user saturation on console. So the only real avenues left for growth are prices hikes and PC, which leaves PSN+ with only price hikes since they have no meaningful offering outside of console at the moment.
 
I'd love to see a regional split and a PS5/PS5 Pro split.

I suspect North America is really carrying this quarter.
 
Person said:
Revenue growth driven entirely by price hikes, because they already they found the user cap. They can only show this sort of growth again by further price hikes, and I’m not sure how well that would work given current prices.
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How do we know it's only price? They also hit a record high in monthly active users.
 
Windom Earle said:
Profits were expected to be great because of the success they're finding in the PC market, but I'm slightly baffled that it's managing to keep pace with PS4 despite such a baron lineup relative to prior generations.

To what do we attribute this to?

I believe the console market is growing and wants to explode but with Xbox completely falling off, PS5's subpar lineup of heavy hitters and Switch being at the end of its life cycle we're seeing a skewed picture that will become much more telling when the Switch 2 hits and GTA 6 is released for PS5. A growing market that is starved but will soon be satiated. We're in for a monstrous 2026.
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Sony first party titles revenue on other platform including PC was $140m vs $11b overall in Q3.
 
MAU reach 129m, 5% growth YoY. With 42% of PS5 sold to new users in Q3 mean significant chunk is coming from former XBOX and even PC crowd.

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Fantastic result for HW.
After the first two quarters I was doubtful they could hit the HW forecast but now it's a lock.
 
derby_440 said:
MAU reach 129m, 5% growth YoY. With 42% of PS5 sold to new users in Q3 mean significant chunk is coming from former XBOX and even PC crowd.

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I think Xbox user, emerging markets and new gamers are probably a bigger piece of the pie than PC gamers.
 
I think PlayStation is back to being for all intents and purposes the King of the home consoles.
People who want a home console automatically get PS5, kind of like in the PS2 Days. PS5 is the "Steam" of the home consoles. If you reach this level it's hard to compete, which is why Microsoft is bringing all its games to PS5.
 
Interesting, Sony themselves write that PS2 sold ''More than 160.0 million units'', meaning its sales should be close to 160 given how they track the other console sales numbers. So now we know more what figures Switch needs to reach to overtake PS2 sales.
 
The Hunter said:
I think PlayStation is back to being for all intents and purposes the King of the home consoles.
People who want a home console automatically get PS5, kind of like in the PS2 Days. PS5 is the "Steam" of the home consoles. If you reach this level it's hard to compete, which is why Microsoft is bringing all its games to PS5.
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Yeah, they are more like Valve in the fact that they can drive engagement into their ecosystem mostly on the back of third party games, that is an advantage they have over Nintendo who will continue to live or die on making appealing first party software to drive sales to Switch/Switch 2.
 
The Hunter said:
I think PlayStation is back to being for all intents and purposes the King of the home consoles.
People who want a home console automatically get PS5, kind of like in the PS2 Days. PS5 is the "Steam" of the home consoles. If you reach this level it's hard to compete, which is why Microsoft is bringing all its games to PS5.
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We are nowhere near the marketshare PS2 had back then

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Joseki said:
We are nowhere near the marketshare PS2 had back then

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The console market has shifted, back then it was all about install base growth, nowadays its more about how to monetize the install base you have, so you earn more from a 100 million install base compared to a 160 million install base.

I mean Microsoft earns a lot of cash just from a 30 million install base of Xbox series X/S, while back in the days a 30 million install base was barely over major bomb territory for a console.
 
What i don't understand is why Sony doesn't do regular updates on how well their first party games are selling, like Nintendo does. Is it because the first party games aren't selling well enough that you can brag to investors about it? The reason why companies update how well their games are selling is to drive up investor confidence after all.
 
Sony with an incredible holiday period.

75M sold and the RRP is higher today then it was at launch including an incredibly expensive pro.

Fiscal year 25 will also be huge. MS speed running the Xbox library over + GTA VI will ensure the PS5 crosses the 100M mark while still over €500. We've never seen a console like this before. The brand power is insane.

The PS6 launch will be a frenzy like no other. There is no point waiting 3/4 years to get one at a cheaper price. I'm genuinely fearful whether I'll be able to get one.
 
Joseki said:
We are nowhere near the marketshare PS2 had back then

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I'm not talking strictly about the number of consoles sold; hardly any home console will come close to those numbers, barring crazy price cuts and an extended life cycle. I'm talking about status. PS5 is back to being THE home console, the priority or default option. In the days of PS3 this had disappeared and also in the early years of PS4. It is from the middle of the PS4 cycle until now with PS5 that Sony has managed to get back to those levels. I don't consider Switch because it is primarily a handheld console, a Nintendo home-only console I don't know if it would have reached the same numbers. Nintendo also is in a similar situation regarding the handheld market, but maybe they always has been the KING of handheld.
 
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The Hunter said:
I think PlayStation is back to being for all intents and purposes the King of the home consoles.
People who want a home console automatically get PS5, kind of like in the PS2 Days. PS5 is the "Steam" of the home consoles. If you reach this level it's hard to compete, which is why Microsoft is bringing all its games to PS5.
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Switch is the current king of home consoles as it's the most successful console ever and MS will also be bring all of their games there as well. Both Nintendo and Sony will benefit from MS. Switch will never be the first place to get third party games but they will make heavy gains this gen on that front while Sony's support remains what it's always been, and on top of their first party output I expect Nintendo to maintain their position as the best selling dedicated hardware on the market.
 
Windom Earle said:
Switch is the current king of home consoles as it's the most successful console ever and MS will also be bring all of their games there as well. Both Nintendo and Sony will benefit from MS. Switch will never be the first place to get third party games but they will make heavy gains this gen, and on top of their first party output I expect them to maintain their position as the best selling dedicated hardware on the market.
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I think it will depend on if Nintendo manages to price the Switch 2 considerably cheaper than the PS5.
 
2022 Hardware:
  1. NSW - 19.0M
  2. PS5 - 14.8M
  3. XBS - 9.5M
  4. Total - 43.3M
2023 Hardware:
  1. PS5 - 22.7M (+53%)
  2. NSW - 16.8M (-12%)
  3. XBS - 8.2M (-14%)
  4. Total - 47.7M (+9%)
2024 Hardware:
  1. PS5 - 20.2M (-11%)
  2. NSW - 11.5M (-32%)
  3. XBS - 5.6M (-32%)
  4. Total - 37.3M (-22%)
WW shipments of hardware decline by 22% in 2024. 54% of consoles shipped in 2024 were PS5 compared to 31% for Switch and 15% for Xbox.

2024 was probably the first time in a a very long time that WW hardware shipments drop bellow 40M in a year.

Xbox data use Welfare estimates.

PC Handhelds are not taken in consideration here. PS4 is also not include here but sales since 2022 are very low.
 
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The Hunter said:
I'm not talking strictly about the number of consoles sold; hardly any home console will come close to those numbers, barring crazy price cuts and an extended life cycle. I'm talking about status. PS5 is back to being THE home console, the priority or default option. In the days of PS3 this had disappeared and also in the early years of PS4. It is from the middle of the PS4 cycle until now with PS5 that Sony has managed to get back to those levels. I don't consider Switch because it is primarily a handheld console, a Nintendo home-only console I don't know if it would have reached the same numbers. Nintendo also is in a similar situation regarding the handheld market, but maybe they always has been the KING of handheld.
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Windom Earle said:
Switch is the current king of home consoles as it's the most successful console ever and MS will also be bring all of their games there as well. Both Nintendo and Sony will benefit from MS. Switch will never be the first place to get third party games but they will make heavy gains this gen on that front while Sony's support remains what it's always been, and on top of their first party output I expect Nintendo to maintain their position as the best selling dedicated hardware on the market.
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Danny said:
I think it will depend on if Nintendo manages to price the Switch 2 considerably cheaper than the PS5.
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fiendcode said:
Then your premise is inherently flawed from the outset. Switch is a hybrid console and it's usage statistics are pretty evenly spread between play modes.
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We are not going to derail the thread on the same old argument about Switch being counted or not.

The thread focuses on the PS5 results so that discussion isnt relevant there.
 
Danny said:
I think it will depend on if Nintendo manages to price the Switch 2 considerably cheaper than the PS5.
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The most expensive Switch SKU has been by far the best selling since it released. I think the public actually desire more premium devices in this age. I also think Switch 2 is going to explode out of the gate of which the likes we've never seen before... then again PS5 is going to be in full swing when GTA is released and it should be sustained until the game releases on PC and (unlikely) Switch. I'm interested to see if GTA leads to PS5's best year on the market.
 
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