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Last year, Sony introduced a very slight price increase to all of its PS Plus subscription tiers. It seems this was sound strategy from the video game company, as they report solid earnings from its online subscription service.
PS Plus subscription price changes lead to revenue boost
In Sony’s Q2 FY2024 Consolidated Financial Results, the company reported a “stable base of earnings” from PS Plus with an 18% increase. The company credits the service’s price increase, as well as higher tiers of service as the primary factors for the revenue boost.
“PS Plus is providing a stable base of earnings as sales on a U.S. dollar basis increased 18% year-on-year,” says Sony. This is due to an increase in ARPU (average revenue per user) primarily resulting from a shift to higher tiers of service and the impact of price revisions.”
PS Plus is just one component of PlayStation’s recent success. In the same report, Sony claimed Team Asobi’s critically acclaimed platformer Astro Bot a hit, as it sold over 1.5 million copies since its September launch. The company knows its strengths are in single-player games like these, and plan to have a “major” single-player release every year starting with Ghost of Yotei.
PS Plus does offer some solid services to those who do subscribe to one of the three tiers. PS5 Pro users that subscribe to Extra or Premium tier can access a handful of enhanced titles with the PS Plus Game Catalog. Specific to the Premium tier, Game Trials widens that pool with solid games like Alan Wake 2 and Baldur’s Gate 3.
PS Plus just added a few more games for its Essential users to grab for the month of November. Hot Wheels Unleashed 2 Turbocharged, Ghostwire: Tokyo, and the newly release Death Note Killer Within are redeemable right now.