PlayStation Has Swiftly Solved Its Profitability Problem

Image: Push Square

You may remember over the past year there’s been a lot of handwringing over PlayStation’s profitability. As is so often the case, this all got bundled up with Xbox’s issues, and numerous thinkpieces were written about the console market as a whole.

Well, Sony’s largely already solved the issue. In its latest earnings report – where it confirmed PS5 has shipped 65.5 million units – it revealed an astronomical increase in operating profit, up 184 per cent year-over-year.

For the three month period ending 30th September, PlayStation posted profits of ¥138.8 billion (~$909 million), an enormous increase on the razor-thin ¥48.9 billion (~$320 million) it accumulated the year prior. This is also more than double the ¥65.2 billion (~$427 million) it achieved in the previous quarter.

It’s prompted the platform holder to increase its profitability forecast for the current fiscal year, up from ¥320 billion (~$2 billion) to ¥355 billion (~$2.3 billion).