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Sony PlayStation Q1 Hardware Sales Increased 12%, Software Revenue Fell 13%

Consumer demand for the Sony PlayStation 5 and 4 video game consoles remains strong, with first-quarter FY 2023 (ended June 30) hardware revenue topping $134.6 million, up almost 13% from $120.6 million in the previous-year period.

At the same time demand for Sony-branded video game software dropped 13% at $303.4 million from revenue of $346 million during the previous-year period. The software sales decline included a 35% drop in packaged media sales to $16.5 million from $25.6 million. Digital sales of games dipped almost 12% to $101 million from $114.4 million.

Digital sales represented 79% of quarterly software sales, up from 71% in the previous-year period. PlayStation Plus subscription membership increased by 1 million to 47.3 million, while monthly average users of the platform dipped less than 3% to 102 million from 105 million.

Sony sold 2.4 million PlayStation 5 consoles in the quarter, up 4.3% from 2.3-million-unit sales last year.

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