PlayStation Plus Up 3.4 Million Users, to 44.9 Million

Posted on August 4, 2020 by Paul Thurrott in PlayStation with 2 Comments

 

As part of its quarterly earnings announcement, Sony said that its PlayStation Plus subscription service added 3.4 million users, for 44.9 million total. This is the biggest single-quarter subscriber gain that Sony has ever reported.

For the quarter ending June 30, Sony reported net income of $2.2 billion on revenues of $18.57 billion. The firm’s gaming business contributed $14 billion of those revenues, a gain of 32 percent year-over-year.

The firm credited a “significant increase” in both game software sales and PlayStation Plus sales for the gains, no doubt pandemic-related, and helping to offset a decline in PlayStation 4 hardware sales. Sony expects its hardware sales to rebound in the current fiscal year due to the pending launch of the PlayStation 5.

Sony also reported that the title Ghost of Tsushima, which launched late in the quarter, sold 2.4 million units to consumers in the first three days since launch, making it the fastest selling in-house new game software IP for the PlayStation 4 ever.

One interesting note: Sony’s gains with its PS Plus service come amidst rumors that Microsoft could be killing off its similar Xbox Live Gold subscription service in lieu of its more expensive Xbox Game Pass. Sony also offers a game streaming service called PS Now that competes more directly with Game Pass, but the firm didn’t provide any details about that service during its earnings announcement.

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Comments (2)

2 responses to “PlayStation Plus Up 3.4 Million Users, to 44.9 Million”

  1. ben lee

    That's two games in the past two months that have broken that record. Just goes to show that those first party exlusives are paying off for Sony, hard to see them break that soon. I recent;y [icked up a second hand PS4 just to play these exclusive too, I've so far been very impresed with The Last of Us, Horizon Zero Dawn, and of course the Uncharted games I'd not played. I'm not suprised they didn't mention Playstation Now, it's abismal, I tried it before getting the second hand PS4. It's capped at 720p and god knows what bitrate, games are litteraly unplayable due to the artifacting and lack of clarty I was getting. I'm guessing that's why the signed on with Microsoft to help imrove the service.

  2. Calibr21

    The 2.7 BILLION/yr that Sony makes from PS PLUS is enough to fund development of 40-50 AAA titles per year. If Sony wanted to they could just start giving away all their first party titles when they come out with a PS Plus subscription.


    PS Plus momentum is tremendous and if Sony felt it might hemorrhage users due to GamePass, it can just start throwing in more free stuff with PS Plus.

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