PlayStation FY23 revenue up 17% to $27.5B, but forecasts decline

Sony has released its FY2023 financial results, revealing that its game and network services revenue grew 17% to ¥4.3 trillion ($27.5 billion). Likewise, the company’s FYQ4 (ending March 31, 2024) gaming revenue saw a modest 2% bump to ¥1.1 trillion ($7.0 billion).

According to its earnings presentation, Sony attributes these gains to increased sales of non-first party titles and add-on content. The company sold 286.4 million games — 14% of which were first party titles. While the year’s total game sales grew 8%, first party sales fell 9% compared to FY23.