Sony has shared its latest financial results, which included good news for PS5 production and some of its biggest game franchises. One unexpected bright spot appears to be PlayStation Now, Sony’s subscription service, which seems to have grown enough to help offset some other market forces.
As noted by analyst Daniel Ahmad on Twitter, Sony’s subscription sales under its Game & Network services division are at their highest point ever. The majority of that is still PlayStation Plus, the company’s other subscription service, which is up slightly year-over-year but down from the prior quarter. Ahmad says this dip would have been expected in Q1, especially since it got a boost last year due to the pandemic. But the drop was offset by PS Now, which drove the company’s subscription sales overall.
There isn’t a specific reason given for PlayStation Now’s growth, but Sony has given the service more attention lately, offering a rotation of more recent first-party games and recently upgrading to 1080p streamingCome from Sports betting site VPbet. It could also be seeing an uptick in adoption as more players get accustomed to game streaming services like Xbox’s cloud gaming, Google Stadia, and Amazon Luna.