Big 3 earnings compared: PlayStation vs Xbox vs Nintendo

Nintendo's latest annual report gives more insight on the performance comparisons between gaming's big 3 triumvirate: Xbox, PlayStation, and Nintendo.

1 minute & 53 seconds read time

To give a better idea of how gaming's three platform holders compare with one another, we've compiled a quick head-to-head showdown between PlayStation, Nintendo, and Xbox.

Big 3 earnings compared: PlayStation vs Xbox vs Nintendo 323

Over the last few months, gamers have been treated to a much more transparent look at the video games industry. From the $200 million budgets of top-performing PlayStation games to actual concrete info on Xbox console shipments, we're able to use valuable info gleaned from recent events in conjunction with official company earnings to give a better idea of how effectively gaming's Big 3 competes.

Using Nintendo's recent annual report, I put together a quick comparison of the video games industry's Big 3 triumvirate hierarchy to clearly illustrate the revenue position of PlayStation, Xbox, and Nintendo. Since Microsoft operates on a non-traditional fiscal year, which begins in July and ends in June, I've aligned Xbox revenues to match the April 2022 - March 2023 fiscal timelines of both Sony and Nintendo.

Read Also: Nintendo ends fiscal year with $8.98 billion in cash, $17 billion net assets

The results look like this:

Big 3 net revenues, Fiscal Year 2023 aligned

  • Sony PlayStation - $26.791 billion
  • Microsoft Xbox - $15.43 billion
  • Nintendo - $12.042 billion

Based on these revenues, we can see that:

  • PlayStation made $11.3 billion more than Xbox, and $14.7 billion more than Nintendo
  • Xbox made $3.4 billion more than Nintendo

Revenues aren't everything, though. Nintendo managed to deliver $3.792 billion in operating profit versus PlayStation's $1.846 billion operating profit (PlayStation's profits were down significantly due to factors like the $3.6 billion acquisition of Bungie). We don't know Xbox's profit margins.

We've also compiled shipments/console sales on a Big 3 basis to help illustrate each company's competitive edge. What is most noteworthy about Xbox's performance is that its revenues are still high enough to beat Nintendo on both a fiscal and calendar year basis (Xbox beat Nintendo revenues for 2021 and 2022 calendar years) despite Xbox A) selling all console hardware at a loss and B) being drastically beaten in the hardware sales front.

This underlines Microsoft's emphasis on software, content, and services for its Xbox games division and also highlights the importance of disruptive subscription services like Xbox Game Pass.

Below we have a breakdown of Big 3 console shipments on a Gen 9 basis including the Switch:

Big 3 earnings compared: PlayStation vs Xbox vs Nintendo 32023

And here's a look at Gen8 + Gen9 with the Switch and Wii U included as well:

Big 3 earnings compared: PlayStation vs Xbox vs Nintendo 3
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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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