informa
/
Business
News

Sony reports 65% increase in games profit driven by sales of Spider-Man

Sony has released its financials for its second quarter ended September 30, 2018, with games profits increasing over 65 percent citing Insomniac's Spider-Man specifically for the growth.

Sony has released its financials for its second quarter ended September 30, 2018, with games profits increasing over 65 percent compared to last year due in large part to strong performances of its first-party titles, specifically citing Insomniac's Spider-Man for the growth.

The company earned ¥550.1 billion (~$4.87 billion) in revenue, up 27 percent over the prior year, with operating profit for the quarter at ¥90.6 billion (~$802 million), up 65 percent year-on-year. 

According to the report, sales of the PlayStation 4 actually decreased to 3.9 million units compared to Q2 last year, but strong sales of exclusive titles have managed to offset the declining numbers. 

“We’ve been very blessed with some blockbuster titles,” Chief Financial Officer Hiroki Totoki explained at an earnings briefing. “The lineup will remain strong in the second half of the year.”

Sony reported higher-than-expected software sales thanks to the success of Spider-Man, which sold 3.3 million units in its first three days of launch.

Overall revenue increased 56 percent to ¥317 billion ($2.8 billion), with ¥258 billion ($2.3 billion) of that total coming from digital games.

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more