Sony's FY2016 Q3 Earnings Announcement (9.7m PS4 shipped)

[ethomaz]

FY2016 Q2 Earnings Announcement

Date:   February 02, 2017 [Thu]  16:25 (JST)
Presenters:   Executive Deputy President and CFO,
Representative Corporate Executive Officer   Kenichiro Yoshida
Corporate Executive, Corporate Planning & Control and Accounting   Kazuhiko Takeda
Corporate Executive, Finance & Corporate Development   Atsuko Murakami

Related Materials

Earnings release: https://www.sony.net/SonyInfo/IR/library/fr/16q3_sony.pdf
Handouts: https://www.sony.net/SonyInfo/IR/library/fr/16q3_sonypre.pdf
Presentation slides with speech script: https://www.sony.net/SonyInfo/IR/library/fr/16q3_sonyspeech.pdf
Suplemental information: https://www.sony.net/SonyInfo/IR/library/fr/16q3_supplement.pdf

Game & Network Services Results

Sales increased 5.2% year-on-year (a 15% increase on a constant currency basis) to 617.7 billion yen (5,325
million U.S. dollars). This increase was primarily due to an increase in PlayStation®4 ("PS4") software sales
including sales through the network and the contribution of PlayStation®VR which was launched in October 2016,
partially offset by the impact of foreign exchange rates as well as the impact of a price reduction for PS4 hardware.

Operating income increased 9.9 billion yen year-on-year to 50.0 billion yen (431 million U.S. dollars). This
significant increase was primarily due to PS4 hardware cost reductions and the above-mentioned increase in PS4
software sales, partially offset by the effects of the price reduction for PS4 hardware. During the current quarter,
there was a 1.4 billion yen positive impact from foreign exchange rate fluctuations.

Unity Sales of Key Products

[Aura7541]

I really think Sony needs to get rid of Sony Pictures.

[Max King of the Wild]

I really think Sony needs to get rid of Sony Pictures.

Just get some smart people running it... Seriously, nobody thought a female Ghostbusters was a smart decision. Especially when the movie was like 300m dollars to produce and advertise

[Legend]

Nice increase year on year.

What do 2015 vs 2016 totals look do?

[Max King of the Wild]

Spiderman was a flop with 700m at the box office... These decisions are ridiculous

[ethomaz]

Nice increase year on year.

What do 2015 vs 2016 totals look do?

Without Q4... 15.4m vs 17.1m.

Or dou you mean calendar year???

2015: 17.8m
2016: 19.4m

[Max King of the Wild]

Without Q4... 15.4m vs 17.1m.

Or dou you mean calendar year???

2015: 17.8m
2018: 19.4m

You saw 2 years into the future?

[Legend]

Without Q4... 15.4m vs 17.1m.

Or dou you mean calendar year???

2015: 17.8m
2018: 19.4m

Nice bump.

Next year PS4 could pass the magical 20 million.

[Xevross]

Nice bump.

Next year PS4 could pass the magical 20 million.

It has the potential to. I personally think it will miss 20 million but I wouldn't bet on it. The games lineup this year is absolutely insane and looks so much better than last year, plus if there's another price drop its pretty much at impulse buy levels for the mass market.

[nnodley]

Nice bump.

Next year PS4 could pass the magical 20 million.

I think with some aggressive pricing for the Pro and slim it will pass it.  But, if sony's happy and don't think they need any aggressive price cuts then they might miss it and be flat compared to 2016.

[ethomaz]

You saw 2 years into the future?

Typo

[Kerotan]

Insane results for PlayStation.  Software sales especially digital and ps plus revenue will only go up in 2017, 2018 and 2019. Sony have some insane years ahead.

And there won't be a slow end to the gen because GTA VI will likely release in 2019.