Report: PlayStation Now Earned Sony $143 Million Last Quarter - News
by William D'Angelo , posted on 09 November 2018 / 3,424 Views
Research group Superdata has released a report that the gaming subscription services that are similar to Netflix brought in around $273 million in the third quarter, which ended September 30, 2018.
PlayStation Now accounted for 52 percent of the revenue or $143 million, followed up by the combined revenue of $90 million from Electronic Arts' services (EA Access, Origin Access and Origin Access Premier). Microsoft's Xbox Game Pass earned around $41 million.
These services accounted for just six percent of the non-free-to-play console and PC revenue for the quarter. However, there is an upward trend in the popularity of subscription services.
Thanks GamesIndustry.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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As a huge PS fan, I can honestly say that I did not expect to hear this service doing this well. There’s always so much negativity surrounding it, yet it’s clearly working out very well for Sony and further evidence that Sony is just as relevant to the game streaming service market as any of the others, albeit even more so. I only say that because ever since MS announced their similar service, many media outlets seem to be completely discounting PS Now. Hope this is a wake up call for them.
Incidentally, I've noticed the like/dislike ratio on PS Now YT ads has been improving steadily; the latest one is 85% likes.
Honestly, I haven’t really seen or heard a genuinely negative comment about the service since it’s early months after launch over 3 years ago. Out of the people who actually use it, opinions seem to be mostly positive. Only real complaint being that people can’t own the games, which Sony has clearly begun to mitigate through allowing game downloads for some titles. If I had to guess, I think PS3 downloads will be available after PS5 launches. Would be very smart on Sony’s part to make use of that PCS3 emulator in PS5.
They probably have their own in-house emulator they use for their Now servers, it just requires more horsepower than a PS4 can provide. I wouldn't be surprised to see much more local emulation on PS5.
Wow this is kinda surprising. I hear lots of ppl downplaying and dissing the service but this shows it’s quite the success.
This is a huge surprise. Sony, make ps1,ps2, ps3 and ps4 games available on Now for ps5 and make more profit than netflix.
Netflix reported a $558.9 million annual profit in 2017. PS Now earning $143 million in quarterly revenue means that profits have a long way to go before reaching Netflix.
Oh really replicant? You can watch netflix on tons of devices so how surprising a multiplatform streaming service makes more money than a console gaming streaming service IM SHOCKED
Since when is gaming more casual and mainstream than watching tv shows and movies???
@ResilientFighter: Calm your tits. Read the comment I replied to.
Not surprised, services these days is the way to go in making huge profits without expense.
I'm gonna say something that will upset people, I'm skeptical about these numbers. PS Now and EA's services seem too high, while Netflix and Game Pass seems too low in comparison.
If PS Now is doing so amazingly well with old content, you would think they could get better content or even launch games on it. I mean its a massive success and Sony barely mentions it?
If I had to guess, it’s because Sony’s exclusives have been selling very well on their own, and turning a huge profit individually. Sony’s not obsessed with the MAU numbers for games because they’re kind of irrelevant anyways, meaning putting new titles on the service is pointless in multiple regards. Why cut into profits when their strategy is making them good money anyways? Just because some people feel a different service is better, that doesn’t mean it’s automatically bringing in more money overall.
