All publications by tag «Sony»
PlayStation operating margins plunge to decade-lows, wiping $10 billion off Sony’s market value
Despite strong revenue growth, many investors and analysts were disappointed by the performance of Sony’s gaming business in the most recent fiscal quarter. The main reason was the company’s declining margins.
PlayStation lacks understanding of how to generate sustainable profits, Sony Group president says
Sony has released its financial report for the third quarter of FY23 ended December 31, 2023. The company’s gaming business continues to grow, but leadership thinks that PlayStation, as a business unit, needs a better understanding of how to generate sustainable profits.
Bloodborne and Days Gone sold over 7 million copies each, and other sales data on Sony’s first-party games
More sales data on PlayStation’s first-party games has emerged as a result of a ransomware attack suffered by Insomniac Games. It also includes information about titles like Bloodborne and Days Gone, figures for which Sony hasn’t updated in years.
Insomniac leak reveals sales of PlayStation games on PC, plus Spider-Man 2 had budget of whopping $315 million
Insomniac Games suffered a huge data breach last week that resulted in tons of internal documents leaking online. Some of them shed light on the budgets and profitability of the studio’s games, as well as sales of PC ports of PlayStation’s first-party titles.
Report: Bungie leadership refer to QA testers as “non-developers”, morale plummets amid fears of full takeover by Sony
Recent layoffs might be just the tip of the iceberg of wider problems at Bungie. A new report alleges a massive decay in morale among employees and fears that the studio could be completely taken over by Sony.
Bungie CEO says “today is a sad day” as studio lays off staff after delaying Marathon and new Destiny 2 expansion
Bungie is the latest PlayStation studio to be hit with layoffs. The extent of the job cuts is unclear, but the news comes after the company internally announced it would delay its upcoming games.
PlayStation’s first-party studio Media Molecule hit with layoffs after making “significant strategic changes”
The wave of layoffs sweeping the games industry has reached Media Molecule, one of Sony’s most recognized first-party studios. This comes after the team ended live service support for its game creation platform Dreams.
[UPD] PlayStation head of internal production Connie Booth leaves Sony after 34 years
Connie Booth, one of the most recognized people within Sony’s gaming business, has reportedly left the company after more than 30 years. She is the person behind some of PlayStation’s key franchises, having worked closely with studios like Naughty Dog and Insomniac Games.
Marvel’s Spider-Man 2 sells record 2.5 million units in first 24 hours: how it compares to other PlayStation games
Marvel’s Spider-Man 2 has been a huge success for Sony and Insomniac Games. It took the title just 24 hours to set a new sales record for any game in the history of PlayStation Studios.
PlayStation has profit margin of roughly 13%, as it plans to double first-party revenues by pushing live service model
It is no secret that Sony wants to boost its first-party revenues by launching multiple live service games into the market. Here is what PlayStation boss Jim Ryan said about these plans last year, and how his words relate to the current state of the company’s strategy.
PlayStation boss Jim Ryan to retire in 2024: look back at his nearly 30-year journey at Sony Interactive Entertainment
Jim Ryan, who has been running Sony’s gaming business since 2019, has announced his retirement from the Japanese company. Let’s take a look back at his career journey and key achievements.
Survey suggests “there’s nothing ‘special’ about CoD when it comes to console choice”, with PS players more worried about FIFA
A survey, conducted by research data and analytics firm YouGov for Microsoft, has now been made public in full. The unredacted results shed more light on the positions of Microsoft, Sony, and Nintendo in the EU console market, as well as which games consumers value the most.
56.5 million games, 3.3 million PS5s, $5.38 billion in revenue: key takeaways from PlayStation’s quarterly report
Sony has published its financial report for the three months ended June 30. Here are the financial highlights for the company’s gaming division, including sales of video games and PlayStation 5.
Ratchet & Clank: Rift Apart peaks at less than 9k concurrent players on Steam, third worst PC launch for PlayStation game
Ratchet & Clank: Rift Apart is the latest PlayStation game ported to PC. While it got attention thanks to the use of DirectStorage 1.2, its launch numbers are quite unimpressive compared to SIE’s other first-party titles on Steam.