scroll down

Sony Game Profits Increased by 65% Thanks to God of War and Spiderman

Sony has officially unveiled that their Q2 games profits have increased by 65% as compared to the last year. This massive success and increase is due to the success of their first party titles like Spiderman and God Of War.

Sony Interactive Entertainment has managed to earn $4.88b (¥550.1b) in revenue which has increased up to 27% than the last year. The operating profit has also increased by 65% year on year. It was $803 million (¥90.6 billion) for the quarter.

Now the reason for this massive success in game profits is due to the Spiderman. Spiderman PS4 managed to sell 3.3 million units in just three days after launch. As for God Of War, it also sold 3.1 million copies in the first three days.

Chief Financial Officer Hiroki Totoki said:

We’ve been very blessed with some blockbuster titles. The lineup will remain strong in the second half of the year.

Though PS4 sales overall decreased to 3.9 million from 4.2 million units Q2 of last year. Sony has sold a total of 86 million PS4 consoles to date. As for software, Sony saw unit year on year sales increase from 69.7 million to 75.1 million. 28% of these were digital downloads.

Sony’s mobile application “Fate Grand Order” is also one of the reasons for the increase in profits. Q2 software sales expectations definitely exceeded for Sony and as a result, Sony has now raised its full-year operating forecast to $7.7 billion (870 billion JPY) with an increase of about 30% to the original.

Another role of a factor in high revenue is the steady performance of PS Plus. PS Plus subscribers support increased from 28.1 million to 34.3 million in just 12 months.

Now other than PS4, Sony is rumored to talk about PS5 very soon at PlayStation Devcon 2018. PlayStation Devcon 2018 is a very secret event and it’s a place where Sony unveiled PS4 Pro and VR.

Sony has clearly won when it comes to console or first party games this gen leaving behind Microsoft. Upcoming games like Elder Scrolls 6 are also expected to release on future gen consoles so we might be closer to a reveal.