TECH NEWS – According to Sony’s latest financial report, PS Plus subscribers have fallen sharply, although executives remain optimistic.

Although PlayStation’s PS Plus service has been around for significantly longer than Game Pass, they are still considered each other’s main rivals. Like Game Pass, Sony’s service is a paid subscription that offers customers a selection of free games each month. Subscribers also get early access to upcoming PlayStation titles and discounts on regular purchases from the PlayStation Store.

A recent report suggests that Sony is struggling to retain PS Plus subscribers.

However, PlayStation Plus could be in trouble. According to a recent report, Sony is struggling to retain subscribers to the service, with membership numbers dropping noticeably in recent months. But Sony executives say they are not concerned by the report.

According to the latest financial report from PlayStation 5 manufacturer Sony, PS Plus lost around 600,000 subscribers between December 2021 and March 2022. While this doesn’t seem like much compared to PS Plus’ 47.4 million remaining subscribers, it is a noticeable drop in the number of members. This is reportedly only the second time in the last eight years that PlayStation Plus has seen a decline in membership. There has also been a decline in the number of active users of the service, which is the expected total number of unique accounts playing games or logged into the PlayStation network.

Sony has reportedly lost around 5.9 million active users since March 2020.

So while PlayStation Plus is hardly in crisis, the decline is significant. Despite this, PlayStation CFO Hikori Totoki didn’t seem gloomy when he recently spoke to a reporter from the news portal Toisthe. According to Totoki, although demand has declined since 2020, PS Plus shows a high level of engagement among remaining subscribers. He also expressed the view that the service would regain subscribers over time, calling the decline a “transient issue.” He is also optimistic that Playstation Plus can maintain its high levels of engagement.

Totoki also added that Sony expects a rebound in the number of users following the planned revamps of the subscription service.

Sony announced the PS Plus redesign in March, although rumours date back much earlier.

It is also moving to a three-tier model, with Essential, Extra and Premium tiers. Sony plans to roll out the changes this summer, and hopefully, it will be better received than Sony’s revamped PlayStation Store in 2020.

In the meantime, PlayStation Plus will continue to offer members plenty to look forward to. Titles such as Hood: Outlaws and Legends and Slay the Spire. It’s also not too late to claim the hit JRPG Persona 5 before it leaves the collection tomorrow. Subscribers can also grab FIFA 22, Tribes of Midgard and Curse of the Dead Gods as free games for May.

Source: Toisthe