Sony’s new PlayStation Plus subscriptions are off to a rocky start
The number of people subscribing to Sony’s PlayStation Plus fell from 47.3 million to 45.4 million this quarter, the company announced in its latest earnings release. It’s the subscription service’s third quarterly decline in a row, and comes despite Sony launching a revamped subscription lineup between May and June this year including new tiers that offer inclusive access to hundreds of games to download and stream.
However, while subscriber numbers were down, revenue from “Network Services,” which includes earnings from PlayStation Plus, PlayStation Network advertising revenue, and the now-discontinued PlayStation Now, has increased from 100 billion yen to 117 billion yen (around $679 million to $794 million), year-over-year. These...