Sony's latest Q2 earnings report is full of losses for the PlayStation giant, operating profit fell 59% to US$$ 305 million, game sales fell nearly 14 million copies, and total revenue fell US$$ 647 million year-over-year.
According to Sony's latest statistics, the number of active users has decreased by one million users, which has led to sharp drops from the highest activity in Q3 2021, and the number of PlayStation Plus subscribers has fallen to nearly 2 million subscribers.
Sony's CFO says: Hiroki Totoki That content was a bit off during the second quarter, and third-party games like Call of Duty: Modern Warfare 2 will help support the PlayStation brand against those expectations and sales. Through Totoki He's also confident that big first-party games like God of War Ragnarok will boost sales during the holiday season. However, first-party titles have sold much less than third-party games.
Production is going well and according to leadership we are seeing a drop in MAUs as more people are now outdoors PS4 sales have been a bit slow and first party titles have slowed down We expect some recovery in Q3 We have strong first party games so we may see some recovery.
Third-party AAA titles will allow us to maintain our momentum, for example, Call of Duty had a good launch and for the third quarter we have very high expectations.
The indicators do not seem to bode well, and clearly indicate that Sony failed with the recent competitor deal, but according to the CFO's words, let's see the third quarter and what surprises it hides.
