Over a year after the PS Plus price increase, Sony acknowledges a significant boost in revenue, attributing it to the subscription service, which now provides a “stable revenue base” with an impressive 18% year-over-year growth.

Since last September, the Essential, Extra, and Premium tiers of PS Plus have all been more costly for users committing to an annual subscription. Despite community backlash, the increase has clearly paid off for Sony, with PS Plus now representing a reliable income stream for the PlayStation brand.

While price hikes naturally lead some subscribers to opt out, they also generate additional revenue. According to PlayStation LifeStyle, Sony highlighted in its second-quarter financial report for fiscal year 2024 that PS Plus provides a “stable revenue base,” especially now, with an 18% year-on-year profit increase. It’s worth noting this growth compares to the same period from the previous year.

“PS Plus is providing a stable revenue base, with US dollar sales up 18% year-on-year. This is due to an increase in ARPU (average revenue per user), driven primarily by the move to higher tiers of the service and the impact of price revisions,” Sony stated. PlayStation has not only benefited from the price adjustments but also from the tiered subscription options, with many players opting for the Extra or Premium tiers that offer added advantages over the Essential package.

PS5 Sales Reach 65 Million Units

Recently, PlayStation reported a slight dip in PS5 sales, although it was still enough to hit 65 million units sold. While PlayStation is set to release more single-player titles from 2025, the company also revealed that 77.7 million games were sold in the last quarter compared to the previous year, with 5.3 million being first-party titles. Additionally, PlayStation Network now boasts 116 million monthly active users, an increase of 9 million compared to the last period.

Source: 3djuegos