Sony reports increase in PS5 hardware and software revenue compared to this time last year

A picture of the Sony head office
(Image credit: Getty Images, Bloomberg)

In its latest earnings announcement, which concerns the second quarter of the 2023 financial year, Sony has revealed some significant new insight into the current trajectory of PlayStation 5 hardware and software sales.

As reported by Reuters, this second quarter saw 4.9 million PS5 units sold bringing the current sales total for this financial year up to 8.2 million. This represents an increase in overall hardware sales compared to the same period last year, although the revenue from much of this growth has been offset by increased hardware losses.

In spite of this, the company still plans to stick to its target of 25 million PS5 sales by the end of this financial year which even Sony president Hiroki Totoki admits might “not [be] something we can attain very easily.” 

In terms of software growth, the company has revealed that Marvel’s Spider-Man 2 is performing very well with five million units already sold as of the end of last month. Third-party game sales have also increased, including sales of add-on content, which is perhaps not too unexpected given the arrival of recent high-profile hits like Baldur’s Gate 3 and Lies of P.

If you don't own a PS5 quite yet, see our guide to Black Friday PS5 controller deals and the best Black Friday PS5 deals for the very latest offers.

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Dashiell Wood
Gaming Editor

Dash is an experienced tech journalist who currently serves as the Gaming Editor at TechRadar, where he helps oversee coverage of video games and related products.

Before joining the team, he was Contributing Writer at PLAY (formerly Official PlayStation Magazine) and has also written articles for many of the UK's biggest gaming magazines including Edge, PC Gamer, and SFX.

Now, when he's not getting his greasy little mitts on the newest hardware or gaming gadget, he can be found listening to J-pop or feverishly devouring the latest Nintendo Switch otome.