There are numerous concerns about the state of the gaming industry. Tariff concerns aside, the boom in pandemic-era profits for game developers and publishers is continuing to drive record sales, but layoffs and closures are a near-daily occurrence. For Sony, the PlayStation 5 has continued to sell well, even as its first-party title output has slowed compared to past generations. According to the latest earnings report from the company, its approach to game releases is not hurting sales one bit. Here’s the latest we can glean from the numbers provided by the company.

According to Sony’s latest financial statements, the Game and Network Services division of the entertainment and technology company is growing healthily. This is due to strong sales of the PlayStation 5, which reached 84.2 million units sold, thanks to nearly 4 million units sold in the last three months. This past quarter’s most important first-party Sony title, Ghost of Yōtei, moved 3.3 million copies. This push, along with strong network service sales, led Sony to increase its estimated games division earnings for the fiscal year to 4.4 trillion yen, compared to 4.3 trillion yen predicted in August.

PlayStation Plus revenue rose 13.7%, hitting 119 million subscribers, just in time for the push for cloud streaming to the PlayStation Portal. Overall, game software sales remained strong as well, in a year when we’ve seen a quieter release calendar for Sony. One interesting pain point, however, is that Sony’s revenue tied to Destiny 2 is below expectations based on the outlook provided during the company’s acquisition of Bungie. As a result of that purchase, operating income decreased by over 13% in the last three months, primarily due to losses incurred during the acquisition.

With titles like Saros and Wolverine on the way next year, Sony appears to be unaffected by a slower output of first-party games. The company maintains a strong relationship with developers, enabling them to secure console-exclusive releases, such as Dispatch or Final Fantasy. Plus, the Xbox side of things just isn’t as competitive as a traditional game console and software player. Nintendo reported record-breaking Switch 2 sales in its latest earnings last week, signaling a strong games industry at the top. In contrast, game publishers like Ubisoft and Square Enix undergo rounds of layoffs.

Let us know in the comments if any upcoming Sony games give you the feeling that the strong sales will continue for the PlayStation maker!

Phenixx Gaming is everywhere you are. Follow us on Facebook, Twitter, and Instagram.

Also, if you’d like to join the Phenixx Gaming team, check out our recruitment article for details on working with us.

Phenixx Gaming is proud to be a Humble Partner! Purchases made through our affiliate links support our writers and charity!