Solid Q1 for Sony but PS5 hardware unit sales down 27% YoY

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Sony has released financial results for its Q1 FY2024. While first-party sales and PlayStation Plus were both highlighted as particular areas of growth within its healthy games segment, hardware sales are on the decline, four years into the PS5 lifecycle.

For the three months ended June 30, 2024:

Software sales represented ¥486 billion ($3.30 billion) in revenue out of the total for the G&NS segment, an almost 20% growth year-on-year. As part of that, add-on content sales particularly grew compared to the same period last year, up 37%.

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