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Sony Q1 FY2020 (April-June) Results - PS4: 1.9m (LTD: 112.3m) / Best Quarter ever for PlayStation / Strong FY20 FCT: $23.4B Revenue & $2.24B Profit

ArmGunar

ArmGunar

PlayStatistician
Member
Oct 30, 2017
6,527
*The US Dollar figures have been converted from Japanese Yen with exchange rate provided in Sony fiscal reports
Source 1 / Source 2


Highlights :
  • Over $5.63B Revenue and $1.153B Profit between April-June 2020 (Q1 FY20)
    • Biggest Revenue ever for PlayStation (and for any platform holder) during Q1
      • Top 3 biggest Q1 Revenue ever is :
        1. Sony Q1 FY20
        2. Sony Q1 FY18
        3. Sony Q1 FY19
      • To show how big Revenue are, Q1 FY20 Revenue are higher than any quarter of Xbox (even Oct-Dec quarters)
    • Biggest Revenue ever for PlayStation (and for any platform holder) during a non-Holiday quarter (non-Q3)
      • Top 5 biggest non-Q3 Revenue ever is :
        1. Sony Q1 FY20 (April-June 2020 - FF7R/TLOU Part II)
        2. Sony Q2 FY18 (July-Sept 2018 - Spider-Man)
        3. Sony Q4 FY18 (Jan-Mar 2019)
        4. Sony Q1 FY18 (April-June 2018 - God of War/Detroit)
        5. Sony Q1 FY19 (April-June 2019 - Days Gone)
    • 9th biggest Revenue ever for any platform holder during any quarter
      • The 8 quarters ahead are all Q3 (Oct-Dec) from Sony (4) and Nintendo (4)
    • Best Operating Profit ever for PlayStation during Q1
      • 2nd best Operating Profit ever for any platform holder during Q1
    • Best Operating Profit ever for PlayStation during any quarter
      • 1st time, profits during a quarter exceed $1 Billion for PlayStation !
  • Hardware : 1.9m PS4 sold-in during Q1 FY20 (LTD: 112.3m)
    • 3rd biggest shipments for any console during its 7th Q1 or 27th quarter (behind only PS1/PS2)
  • Software : 91.0m games sold-in during Q1 FY20
    • Highest software sales during Q1 in video game history
      • During the past 4 Q1, PS4 set each time a new software sales record for the industry
    • PS4 is the only console to have 4 Q1 with over 40m games sold
    • PS4 Software LTD almost reached 1.400B games sold
  • Software digital ratio : 74% during Q1 FY20 (April-June 2020)
    • Highest digital ratio ever during a quarter
  • PlayStation Store had its biggest Revenue ever during Q1 with more than $3.67B
    • Biggest Revenue ever during any quarter
    • including Digital Software & Add-on content
  • PlayStation Software & Services saw their biggest Revenue ever during Q1 with more than $4.89B
    • Biggest Revenue ever during any quarter
    • including Physical / Digital Software & Add-on content / Services
  • New Informations given in financial results
    • 113M MAU (monthly active users)
      • 113M active users each spent about $32.46 on average on PS Store during Q1
    • 18.5M first-party games sold during Q1 FY20 (vs 11.7M in Q1 FY19)
      • 1 game out of 5 sold this quarter was a Sony first-party game
  • FY2020 Forecast :
    • $23.4B Revenue & $2.24B Profit... it would be:
      • Biggest Revenue for PlayStation (and for any platform holder) in video game history
      • 2nd best Operating Profit ever for PlayStation


Sony Corporation - Q1 FY2020 (April 2020 - June 2020) :

DPSE6Zm.png

Sony Revenue : ¥1968.9bn / $18.30B (+2.2% YoY from ¥1925.7bn / $18.30B - Q1 FY2019)
Sony Operating Profit : ¥228.4bn / $2.12B (-1.1% YoY from ¥230.9bn / $2.10B - Q1 FY2019)
Sony Net Profit : ¥233.3bn / $2.17B (+53.4% YoY from ¥152.1bn / $1.38B - Q1 FY2019)
  • 3rd best Revenue ever for Sony during Q1
  • 2nd best Operating Profit ever for Sony during Q1
  • Best Net Profit ever for Sony during Q1
Following good results, Sony stock reached today its 52-week high at $83.56
  • Highest since May 2001 ($85.75)
B4kjBqz.png

Top of Biggest Profit Drivers for the Quarter :
  1. Game & Network Services : ¥124bn / $1.152B
  2. Financial Services : ¥47.2bn / $438.7M
  3. Music : ¥34.9bn / $324.3M
  4. Imaging & Sensing Solutions : ¥25.4bn / $236.1M
  5. Pictures : ¥24.7bn / $229.6M
  6. Electronic Products & Solutions : ¥-9.1bn / $-84.6M

bePMl5a.png


Some milestones per segment :
  • Music : 3rd Best Revenue and 2nd best Operating Profit ever during Q1
  • Pictures : Best Operating Profit ever during Q1
  • Imaging & Sensing Solutions : 2nd best Revenue ever during Q1
  • Financial Services : Best Revenue and 3rd best Operating Profit ever during Q1
NOfErJU.png


Gaming Division - Q1 FY2020 Results (April 2020 - June 2020) :

ZNBrH71.png


aRiPzXP.png


hPTmkXz.png

Gaming Revenue : ¥606.1bn / $5.63B (+32.5% YoY from ¥457.5bn / $4.16B - Q1 FY2019)
Gaming Operating Profit : ¥124.0bn / $1.153B (+68.1% YoY from ¥73.8bn / $0.672B - Q1 FY2019)
  • Best Revenue ever for PlayStation (and for any platform holder) during Q1
  • Best Operating Profit ever for PlayStation during Q1
  • Best Operating Profit ever for PlayStation during any quarter
On a constant currency basis, Revenue increased +35.7% YoY and Op. Profit increased +71.8% YoY

Gaming Operating Margin during Q1 reached its highest level ever at 20.5% (previous record was 18.0% in Q1 FY98)

This quarter, the Gaming Division accounts for :
- 30.8% of Sony total Sales/Revenue (vs 23.8% - Q1 FY2019)
- 48.4% of Sony total Operating Profit (vs 31.6% - Q1 FY2019)


PS4 sell-in : 1.9m (vs 3.2m - Q1 FY2019)
PS4 LTD : 112.3m

Software sold : 91m (vs 49.8m - Q1 FY2019)
Software digital ratio : 74% (vs 53% - Q1 FY2019)
Software sell-in LTD (minimum) : > 1.396 billion games
  • Highest software sales during Q1 in video game history
    • During the past 4 Q1, PS4 set each time a new software sales record for the industry
  • PS4 is the only console to have 4 Q1 with over 40m games sold
  • During this quarter, more than 11.57 games have been sold each second in the world (= 1 000 000 games sold each day)
  • More than 740 000 digital games have been sold-through each day on average on the PlayStation Store during Q1
PS+ Members : 44.9m (up from 36.2m - Q1 FY2019)
  • All-time high number of PS+ subscribers
g97o7EE.png



PS4 is still tracked ahead of PS2 for now

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Here is below the PS4 software sales since FY2015, including the quarterly physical/digital split from FY2016 onward
(doesn't include "download only software titles" for FY15)

vUE0lsy.png



This is the Quarterly Software Sales since FY16, with the Physical/Digital split

djI48Uv.png



You can take a look below at the evolution of PS Plus subscribers and Software digital ratio over years

aAu6fYP.png



Here is now the Quarterly Physical Software Sales on PS4 since FY2016 (from April 2016 onward)
Including : Sony's average gross margin per physical copy sold
For a $60 retail game, publishers have to pay about $7-10 to Sony as a license fee (publisher's gross margin ~ $33)
For its own first-party games, Sony's gross margin will be as high as ~ $40
When Sony's average gross margin is higher than $7-10, that's because it's inflated by the performance of its exclusives
  • Q1 FY16 (Apr-June 2016) : Ratchet & Clank and Uncharted 4
  • Q4 FY16 (Jan-Mar 2017) : Horizon Zero Dawn
  • Q1 FY18 (Apr-June 2018) : God of War & Detroit
  • Q1 FY19 (Apr-June 2019) : Days Gone
  • Q1 FY20 (Apr-June 2020) : The Last of Us Part II
Q2 FY18 (July-Sept 2018) with Spider-Man didn't go higher (despite good performance), probably because of huge sales of annual sport titles (Madden/NBA 2K/FIFA) which lowered Sony's average gross margin
Click to expand...
Click to shrink...

vWOYNao.png




Gaming Division - FY2020 Forecast (April 2020 - March 2021) :

ihQUBb2.png

Gaming Revenue : ¥2500bn / $23.36B (+26.4% YoY from ¥1977.6bn / $18.19B - FY2019)
Gaming Operating Profit : ¥240bn / $2.24B (+0.7% YoY from ¥238.4bn / $2.19B - FY2019)

It would be :
  • Best Revenue for PlayStation (and for any platform holder) in video game history
  • 2nd best Operating Profit ever for PlayStation

This is the PlayStation Yearly Revenue & Operating Profit with FY2020 Forecast
I added Revenue in USD to give you an idea of what Revenue in JPY mean (therefore if Revenue USD don't follow the same growth than Revenue JPY, it's because of exchange rates)
  • FY19 was the 2nd biggest year ever for PlayStation with over $18.19B in Revenue and $2.19B in Profit
    • 2nd best Revenue for any platform holder in video game history
  • FY20 Forecast (FY20 FCT) is $23.36B Revenue and $2.24B Profit.... it would be :
    • Best Revenue for PlayStation (and for any platform holder) in video game history
    • 2nd best Operating Profit ever for PlayStation
qfXJTPo.png



Here is below the PlayStation's history of Operating Profit/Loss

Unlike PS1/PS2/PS3/PS4's launch years, PS5's launch year will see a huge profit of $2.24B thanks to :
  • the big PlayStation Store Revenues
  • recurrent Services Revenues
  • highly-profitable first party games, planned this year (including TLOU Part II and Ghost of Tsushima)
OCs4GOP.png




Summary of PS4

32f0gwe.png



Previous threads :
FY2019, Q3 FY2019, Q2 FY2019, Q1 FY2019
FY2018, Q3 FY2018, Q2 FY2018, Q1 FY2018
 
Last edited:
igordennis

igordennis

Member
Oct 25, 2017
385
Ctrl+F "ever"

Holy fuck these results lmao. Amazing thread btw OP, this is insane amounts of efforts to deliver this information. Well done.
 
DrDeckard

DrDeckard

Banned
Oct 25, 2017
8,109
UK
Absolutely huge! Amazing and in line with what I expected. What amazing results for Sony here.

massive numbers.

great thread OP
 
vivftp

vivftp

Member
Oct 29, 2017
19,799
Damn son, good stuff Sony. Thanks for all the work put into this thread as well :)
 

Deleted member 29639

Banned
Nov 1, 2017
1,111
I think the whole Nintendo vs. Sony thing is dumb. They're both killing it on a level we've never seen before with two manufacturers in a single generation.

Congrats, Sony.
 
Shopolic

Shopolic

Avenger
Oct 27, 2017
6,905
Fantastic results. And we can see the death of discs in future easily. :(
 
Last edited:
IIFloodyII

IIFloodyII

Member
Oct 26, 2017
24,091
Crazy it's still ahead of PS2, hadn't the PS2 went into overdrive by this point in it's life cycle? Be really interesting seeing how it does post PS5, PS2 just kept going after PS3.
 
Lucreto

Lucreto

Member
Oct 25, 2017
6,653
The pandemic has done wonders for PlayStation. No wonder they increased PS5 production.
 
DirtyManos

DirtyManos

Member
Oct 25, 2017
1,174
Is it crazy that they're projected to have their best year in revenue/profit during a new console release year?

Isn't it usual to see lower numbers in the quarters preceding the launch due to manufacturing, logistics etc of the new console?

And they're still making this much??? Crazy

Great OP btw
 
Cess007

Cess007

Member
Oct 27, 2017
14,154
B.C., Mexico
Sooo... They are doing good, or what? :P

Edit. Also, how many "best ever" had they had this Gen? I feel I read that constantly
 
JusDoIt

JusDoIt

▲ Legend ▲
Member
Oct 25, 2017
35,012
South Central Los Angeles
Holy shit. If the one-two punch of TLOU Part II and Ghost of Tsushima wasn't enough, COVID snuck up behind and held us in place to make sure them hits landed.

(And only Tsushima pre-orders would be counted, right? Since the game launched in July)
 
Macca

Macca

Member
Oct 25, 2017
17,310
Imagine how much it could've been if it werent for that TLOU2 boycott...
 
cw_sasuke

cw_sasuke

Member
Oct 27, 2017
26,494
Great thread and great results - crazy performance.

Looking at those profits I can see why it's not a big deal for Sony to secure alot of exclusive content for PS5. PS4 profits making sure that they can go crazy for the first 18 months on PS5 lol - we haven't seen anything yet.
Strings said:
74% digital is obscene.
Click to expand...
Click to shrink...
Is it really considering the effect Covid had on retail worldwide and the non stop digital sales ?
 
Kemono

Kemono

▲ Legend ▲
Banned
Oct 27, 2017
7,669
Unreal...

And people wonder why sony is so agressive with the ps5 when it's generating almost 1/3 of the whole companies profits. It's a business essential to their survival and not just another one that is nice to have but not important for the company.
 
Strings

Strings

Member
Oct 27, 2017
31,508
cw_sasuke said:
Great thread and great results - crazy performance.

Is it really considering the effect Covid had on retail worldwide and the non stop digital sales ?
Click to expand...
Click to shrink...
I mean, it's understandable (I cancelled my Amazon Tsushima purchase and got it digital instead when the second wave hit a neighbouring state, even though it cost me more), but still crazy to see the number that high.
 
Yuntu

Yuntu

Prophet of Regret
Member
Nov 7, 2019
10,744
Germany
I kinda expected higher hardware sales because those seemed up at a lot of places. Or was I reading NPD threads wrong and it wasnt a YoY increase?
 
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