Sony reports over $8 billion in quarterly revenue, while PS5 sales reach 4.5 million units

Sony released a financial report for the third quarter ended December 31, 2020. The company sold 4.5 million PlayStation5, and its revenue exceeded $8 billion.

Sony’s gaming segment had its best quarter ever with sales rising by 40% year-over-year to $8.4 billion, according to the company’s recent report. Operating income also rose by 50% year-over-year to $760 million.

Game sales made up a significant part of the revenue ($4.6 billion) with add-on content sales over $2.4 billion.

Here are some other key highlights from Sony’s financial report for the third quarter:

• Demand for PS4 dropped 77% from the previous year, but the company still managed to sell 1.4 million units of the console.
• Sony sold 4.5 million PlayStation 5 units in just two months. The company is now selling its next-gen console at a loss but expects the sales to reach 7.6 million units by March.
• Total game sales (for PS4 and PS5 combined) amounted to 103.7 million with 18.4 million of them being first-party titles.
• The number of PS Plus subscribers reached 47.4 million, while the number of PSN monthly active users reached 114 million.

Sony also adjusted a year-end forecast for its gaming segment, expecting to have $25 billion in revenue and $3.2 billion in operational income.