Gaming 🎮 Sony wants to grow first-party games on 'PS5, PC, and other platforms'

THEXTAR

Administrator
Credits
1,941©
Cash
5$
96336 7774 sony wants to grow first party games on ps5 pcs and other platforms full

PlayStation isn't doing so hot right now. Revenue is at an all-time high, with Sony generating a record-breaking $9.76 billion over the holidays. But operating profit is quite low. PlayStation only made $582 million in operating profit during Q3FY23, the lowest period since 2019 and a represented 6% profit margin. Costs are the main reason for the lower operating profit, including the $3.7 billion Bungie buyout alongside rising game budgets. (Transparency: PlayStation's Q3 operating profit also reflects $200 million+ in PS5 console inventory that was shifted to Q4).
 
  • Top
    AdBlock Detected

    We get it, advertisements are annoying!

    Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

    I've Disabled AdBlock