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Sony: Third-party AAA titles like Modern Warfare 2 allow us to maintain strength

Sony's Chief Financial Officer says that Q2 game sales were sluggish all around, but big third-party games like Modern Warfare 2 will help prop earnings.

Sony: Third-party AAA titles like Modern Warfare 2 allow us to maintain strength
Published Nov 3, 2022 12:31 AM CDT   |   Updated Sun, Nov 27 2022 3:53 AM CST
1 minute & 49 seconds read time

Sony says that third-party juggernauts like Call of Duty will help prop up its earnings after noticeable Q2 losses.

Sony: Third-party AAA titles like Modern Warfare 2 allow us to maintain strength 1

Sony's latest Q2 earnings report is full of misses for the PlayStation giant. Operating profit was down 59% to $305 million, game sales were down nearly 14 million units, and total segment revenues were down by $647 million over last year. MAUs are down 1 million users, punctuating steep declines in MAUs from Q3 2021's previous high point, and PlayStation Plus subscribers dropped by nearly 2 million.

Company CFO Hiroki Totoki says that content has been sluggish through Q2, and that third-party games like Call of Duty Modern Warfare 2 will help buoy the PlayStation brand against these forecast and sales misses. Totoki also expresses confidence in big first-party games like God of War Ragnarok, however these first-party titles have historically sold significantly less than their third-party counterparts.

Sony: Third-party AAA titles like Modern Warfare 2 allow us to maintain strength 122022

Read Also: Sony: PlayStation 5 price increase has not yet impacted consumer demand

"Production has been going quite well. According to the previous period, we have a decline in MAUs as more people are now going outdoors. PS4 and third-party sales have been rather sluggish, and catalog titles and historical titles have been declining," Sony Chief Financial Officer Hiroki Totoki said in a recent Sony Q2 earnings briefing.

"PS5 engagement is quite high, so in Q3 we expect some recovery. We have strong first-party titles and we have some seasonal effect on Q3 that we can see some of the recovery coming from the downturn.

"There has been a weakness in third-party software because our initial forecast was too strong and therefore we have to reflect. Users are going out from home and therefore have impacted our sales.

"Large third-party AAA titles will allow us to maintain our strength, for example Call of Duty had a good release, and for the third quarter we do have very high expectations."

First-party games typically represent a smaller percentage of overall game sales on PlayStation consoles.

First-party games typically represent a smaller percentage of overall game sales on PlayStation consoles.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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