PlayStation’s Q1 revenues dip by 2% to $4.5 billion amid sales decline, increasing costs

Sony has released its first quarter results for the new financial year, showing a slight decline in gaming revenues.

The platform holder generated ¥604.1 billion ($4.5 billion) from its Game & Network Services division during the three months ended June 30, 2022, but rising costs and declining sales mean this was a 2% drop compared to the same quarter last year.

However, the company reported a rise in the number of PlayStation 5 units shipped and PlayStation Plus subscribers.

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