PlayStation full-year revenues rise to $27.5 billion but narrowly misses PS5 sales target

Sony has released its full-year financial results, showing a solid twelve months for its PlayStation business ahead of a year in which it is forecasting declines.

The platform holder saw net sales for its Game & Network Services division, which includes PlayStation, rise by 17% year-on-year to ¥4.3 trillion ($27.5 billion), while operating income rose 16% to ¥290.2 billion ($1.9 billion).

Sony also managed to ship 20.8 million PlayStation 5 units throughout the fiscal year. This was an improvement on the 19.1 million managed in the previous year, but fell slightly short of its 21 million target. This in itself was already reduced from an initial target of 25 million.

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