Games News

Sony's FY Q2 profits saved by Spider-Man, strong software sales

Sony
Spider-Man surrounded by yellow flashes of light
Spider-Man

Even though the company reported a slight drop in PlayStation 4 sales, Sony have every reason to be grinning as Marvel's Spider-Man and other software sales helped them to 65 per cent higher profits compared to the same quarter last year.

Apparently, the second quarter of their financial year 2018 saw Sony sell 4.2 million PlayStation 4 units, whereas this year they only managed 3.9 million. We're talking about a quarter ending in September 2018 though, so the holiday season is about to fix what seems to be the only piece of bad news for Sony.

As for the good news, Sony raked in around $4.9 billion in revenue, with an operating profit in the ballpark of $803 billion. Compared to Q2 FY18, these are 27 and 65 per cent increases, respectively.

Sony's software sales apparently exceeded the company's expectations and they reported 56 per cent higher results, pocketing around $2.8 million on software alone, a large chunk of which is down to digital sales and DLC peddling. Overall, software unit sales are up from 69.7 to 75.1 million on-year.

Naturally, who else deserves the title of the wind in Sony's engines than Spider-Man, which was always expected to do well, but probably not this well. Not even the dreaded puddlegate was enough to get Insomniac Games off their game and they ultimately retaliated with humour, rolling out a stickers update that among other things added the New Game Plus mode and puddle stickers.

As you'd expect, the company is encouraged by the results, prompting them to adjust their expectations a bit, such as upping their forecast for PlayStation 4 sales from 17 to 17.5 million. It is also said Sony have struck gold with PS Plus, reporting much higher revenue than initially expected, which is yet another reason behind the company's optimism.

SonySo called puddle-gate comically recreated in Spider-Man's photo modeSpider-Man, I see what you did there.

Subscription services are obviously all the rage these days and it seems like both Sony and Microsoft are taking family gaming quite seriously, with the latter recently announcing plans to expand their Xbox Game Pass to PC as well. The more the merrier, we always say.