The financial report for quarter two of this fiscal year from Sony PlayStation shows a persistent decline in PS Plus subscribers. Since the start of 2020, it is the lowest number.
The future of PlayStation Plus is not good right now. Although the PS5 and PS4 communities are still adapting to the new Extra and Premium categories, the initial financial results are not encouraging.
The financial report for the second quarter (Q2) of the fiscal year 22–23 has been released by Sony PlayStation today. The PS5 has sold 25 million systems, which is particularly notable.
The fact that Sony's gaming segment has made more money than in previous quarters is also significant to notice. Naturally, the substantial costs (particularly after the acquisition of Bungie) result in a 49% decrease in income.
PS Plus, what about it? You are well aware that Sony recently revamped its service with the Premium and Extra levels, mimicking the Game Pass concept and permanently removing the previous PS Now.
Given that the third straight quarter shows a decline in subscriptions on the PS5 and PS4, it appears that PS Plus is having trouble launching its new tiers.
fewer subscribers, but higher earnings
The number of PlayStation Plus members keeps declining. The current statistic for the second quarter of the fiscal year is 45.4 million. For having a reference, 47.3 million subscribers were reflected in the most recent quarter.
It is the first time with the Premium and Extra tiers that PS Plus has lost subscribers for a third straight quarter. You must also consider that the summer lay in between.
The number of PlayStation Network active users has decreased as well, according to Sony, reaching its lowest level since the year 2020. (just before the COVID-19 pandemic).
PlayStation Network had 102 million active users, down from 103 million in the previous quarter and the final quarter of the 21–22 fiscal year (104 million).
However, it's interesting to note that the network services division's income has grown. This is because the Premium and Extra tiers cost more than the standard PS Plus subscription. The increase in revenue is about 10%.
This information is explained by Sony PlayStation's financial director, Hiroki Totoki, who also cites the fact that the business has made more money while losing customers and subscriptions.
The number of PlayStation Plus subscribers has decreased. However, we renewed our services in the second quarter, and overall progress has not been that strong. In addition, we avoided aggressive marketing throughout the second quarter.
Totoki claims that this information is the result of a low PS5 inventory globally, which suggests that many PS4 owners are delaying upgrading to the PS5 and even briefly abandoning Sony platforms.
As the plague has ended and more people have taken to the streets, it also suggests that sales of third-party games have not been as strong as anticipated (with the summer as a turning point).
Totoki notes that, despite the poor facts, the PS5's hold on the future is thrilling. The goal is to expand PlayStation 5's user base and further infiltrate the new generation.
Do you still have a PlayStation Plus subscription? Have you tried the Extra and Premium tiers yet? They are currently going through a time of adaptation, as even the former president Shuhei Yoshida acknowledged a few months ago.
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