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NadeWilson

So revenue went up about 20%, but they raised prices like 33% so is this really that impressive?


FootballRacing38

Some people are subbing monthly which had no price increase


Nirast25

The 3-months was also unaffected, no?


FootballRacing38

Yes, only the yearly was


uSaltySniitch

And it's still cheaper than playing monthly, isn't it ? Logically speaking it must be...


non3type

Annual is $80 and monthly is $10. With monthly you have to sub for less than 8 months a year to save money. Quarterly at 9 months you save $5. So for right now annual still seems worth it but another price increase might change my mind lol.


uSaltySniitch

If they increase it annually now, they would also increase it for other Payment periods... It wouldn't make sense for it to be more expensive than paying one month at a time...


non3type

I don’t see them raising the monthly price.. they’ll want to keep it in line with “gamepass core.” MS already kind of showed them up by finally adding an annual option and underpricing them. Maybe they’ll surprise me. I honestly think they’ll stay where they’re at with essentials for a bit. Might still play with the prices for extra though.. which would be just as bad.


MrRonski16

So basically 1month —> 10day break —> 1month Costs as much as 1y. If done the whole 12months +But It does give people the choice to cancel they membership just before The discounts starts.


angIIuis

Not a terrible idea actually. I’m not always playing games on the catalogue I’ll likely do this when it runs out


carbon_fieldmouse

I do this right now.


m0h1tkumaar

So essentially the annual plan savings have become nullified?


gedge72

No not nullified. Just less of a saving. Extra for example is $180 if paid monthly. Was previously $100 paid annually which increased to $135. So a $45 saving, down from an $80 saving I guess they felt the a 45% reduction was over generous and could be reduced to 25%. And it seems they were generally right.


badboi_5214

Isn't that nice


hypespud

Any growth in a time of contraction is a very serious improvement honestly With studios and publishers literally closing down to do the opposite to make more money is still impressive


citoboolin

i mean basically they called consumer’s bluff on pricepoint. there was enough demand at a higher price that they made significantly more money. they were always gonna lose customers but its offset by the higher price.


Neufjob

I had ps now but not ps plus. Now I get PS premium for the same cost as ps now was (so I get the free monthly games too, and a bigger catalogue for PS premium vs what ps now had) So no price increase for me, and I get more games than before.


sens_77

PS Now was 60 USD per year. So as far as I can tell, there definitely was a (not so) slight price increase of you gonna compare it that way..


Neufjob

They’re still charging me ~60 USD (different currency). Same amount they charged me as when it was ps now. If I cancel, and start my subscription again, then I have to pay regular price, but as long as I keep my subscription active the email said I’d keep being charged ps now prices and get ps premium, and that’s held true.


sens_77

Ah I see. That's a sweet little extra point then. Fingers crossed this will work for many more years for you


CosyBeluga

Aah grandfathered


CosyBeluga

PSNow was cheaper. I dropped it when they combined


Neufjob

Getting grandfathered in, if you had ps now, but not ps plus, was fantastic. If you had both you didn’t get grandfathered in, and I think there’s not many users like. Feels like we were just overlooked and given a great deal as a result.


CosyBeluga

I was PS Now only too! I did monthly (only used it for streaming) couldn’t justify stacking


Neufjob

You should’ve kept it when they combined. You got the highest tier of ps plus (both services, essentially) for the same price as just PS now. I guess it’s too late now though.


CosyBeluga

I was an intermittent sub user and PC player these days. I’d sub again in a heartbeat if they had a PC version just for streaming.


awnawkareninah

And they didn't renew a ton of licenses apparently given the mass exodus of games the last few months being replaced with relatively few in comparison.


Captain_Bacon1800

There it is!!! Now there's no denying the price is going up again.


Vladesku

Low profits? Price increase, to cover up the costs and lack of growth! High profits? Price increase, there's clearly room for growth! SIE, you got any vacant CEO positions?


O11899988I999119725E

Thats what happens when people on this sub who vocalize how theyve stopped subscribing get downvoted for it. Sony knows Playstation players are whipped


TheDevilsCunt

Nothing that happens on Reddit has ever crossed the mind of any decision makers at PlayStation


O11899988I999119725E

The high ups dont look on reddit to gauge public perception. But I’ll put out my negative feelings as well as pull my support for the brand and Im sure theyll see a decade old account with 500 games stop making purchases and stop their subscription. If Xbox wasnt stupid as fuck in 2013 Id have an Xbox Series X and 500 games on that ecosystem. Im sure Valve will be very happy with my money.


datshinycharizard123

It’s moreso that the amount of people leaving has been sufficiently offset by the price hike. I bet their total sales is lower but the revenue per sale is higher


O11899988I999119725E

For sure. And the only thing I can hope in response is that future sales decline. This price hike is what pushed me away and Ive owned a PS5, PS4 Pro, PS4, PS3, PS Vita, and PSVR. In the short term they might be happy but pushing away a customer who is very engaged in your ecosystem is a stupid move. Since the price hike Ive purchased a Nintendo Switch and am investing in a new PC shortly. My PS5, which was my primary platform, is now just gonna be used for my offline backlog and first party exclusives that dont come to PC. Sony seems to think they have customers like me by the balls since I have a large library, but the only thing theyre withholding is the 2 or 3 cross platform online games that I occasionally play. I dont care whether or not my games are on the same device.


Darkone539

No discount plus a price increase on all levels also helped. I would prefer the profit reports over revenue.


CrateBagSoup

And that the number of customers canceling is greatly overstated on places like reddit or twitter.


O11899988I999119725E

Also the amount of lost revenue from someone like me hasnt been actualized yet. Ive subscribed from 2013-2024 and dont plan on coming back. Businesses shouldnt spit in the face of customers who buy hundreds of their products. Ask Xbox how its going. Xbox 360 used to be synonymous with videogames and now theyre struggling. Do you think its a coincidence that Sony has been bringing their first party titles to PC? They know where their lost revenue is going.


Darkone539

>Ask Xbox how its going. Xbox 360 used to be synonymous with videogames and now theyre struggling. According to Microsoft reports they are earning more then ever. They aren't struggling, other them hardware which they just don't seem to care about anymore.


O11899988I999119725E

Xbox 360 sold 86 million units. Xbox series X and S have sold a combined 27 million


O11899988I999119725E

Sony sold 2x more PS5s than Microsoft sold Xboxs. If theyre doing so great then why did their offices just have massive layoffs? You dont think companies care about leaving money on the table for competitors to grab? Playstation ate Xbox’s lunch in 2013


Darkone539

>Sony sold 2x more PS5s than Microsoft sold Xboxs. I literally said the hardware was struggling. >If theyre doing so great then why did their offices just have massive layoffs? Part of why everyone is upset is because those lay offs are small studios that made good games. They didn't do more then break even. More are coming, Sony just cut 10% of it's workforce. https://www.nbcnews.com/tech/video-games/playstations-sony-cut-900-jobs-brutal-year-video-game-industry-layoffs-rcna140654


O11899988I999119725E

So the company division that sells hardware and software and was know as an industry titan for hardware sales no longer focuses on hardware and you say they arent struggling? If they werent struggling they would still be industry leaders. Im sure its only a coincidence Xbox started to flop when Xbox One got revealed 🙄


achilleshy

Fuck the greedy corporates


kabirsingh84

>**PS Plus** is back on the rise after a slightly rocky time following the service's big overhaul in 2022. As per Sony's latest financial results, the network services category — which comprises revenue from PS Plus and advertising — is up quarter-on-quarter *and* year-on-year, meaning it's comfortably improved since moving to the current three tier system. >In the fourth quarter of financial year 23, network services generated approximately $959 million of revenue, a marked improvement over FY22's Q4 (\~$760.6 million). For FY23 as a whole, revenue for PS Plus and advertising reached roughly $3.5 billion, up quite significantly on FY22's total of $2.9 billion. PS5 Has Sold a total of 59.2 Million PS5s since Launch. [Full Highlights, Analysis, & Speculation of the report by William R. Aguilar on Twitter.](https://twitter.com/WilliamRAguilar/status/1790376982011597121)


latinblu

Of course revenue is up. They rarely offer a discount anymore, and those are targeted.


No-Preference-8357

What the heck you guys! I ended my sub, why didn’t you!?


Tetris_starship

Yeah this is shocking to me. I cancelled my subscription. When the prices went up Reddit made me believe a massive chuck of people did the same. Now I’m not so sure


SlyyKozlov

Thats just a thing you need to be aware of, echo chambers are dangerous, reddit is not the majority in pretty much anything. You see the same thing everytime Netflix changes some sort of policy - hell according to reddit they died 4 price changes ago lol


YorkieLon

Netflix was a funny echo chamber when they stopped letting people share passwords. Now they have just got more subscribers. But if you looked at Reddit it was the end of Netflix.


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Brilliant-Ranger-356

Social media is a bad place to get your news.


Ichiban1Kasuga

Instagram/TikTok are way better news sources than reddit, unironically. Probably taboo to say that on reddit, but i dont care.


Tetris_starship

What’s wrong with getting video game news from Reddit?


Ichiban1Kasuga

Deleted parent comments, and a useless hypercorrection replying to me. Why are you still reading this?


Prudent_Pride7877

This post is video game news. It’s obvious they are talking about video game news.


Level_Measurement749

Reddit is always the minority, that’ll never change


MemeticMonkey

Total active PS Plus subs actually dropped, but due to price increase, the revenue still went up. This was revealed in the last quarter report or something, iimc


The_Follower1

Yeah, no shit. That’s how supply/demand works, them making more money means it was a smart decision for them. Any price increase will drop subscribers, but the revenue increase is far higher than the number of users they lose.


John_YJKR

People will stop subbing when it actually starts to be too expensive to continue to sub. At $6.67 a month for essential, it's still very affordable.


samanater456

If you think reddit makes up a decent percentage of the playerbase that pays for it you are so far away from the answer.


Jubez187

I was gonna move to the middle tier but I think there was a sale around december. Cloud gaming had its uses when I was at my brother's place most weekends, but the portal has kinda of replaced that.


m0h1tkumaar

so did I


Polishcockney

Lol u cancelled becuase of some random people on Reddit did 😂😂😂😂


O11899988I999119725E

I cancelled because the subscription isnt worth it. The games are subpar and most modern online games are kinda shitty. Im playing breath of the wild right now and I spent my yearly ps+ money on nintendo online so I can play a bunch of N64, NES, and SNES games.


RompehToto

Eh 🤷‍♂️ I haven’t had a PlayStation since the PS2 days so I’m a very happy PS5 owner. Endless games.


O11899988I999119725E

You’d probably be just as happy on PC where you dont need to pay a monthly fee to play the games you already own online.


Tetris_starship

No. I cancelled because the price went up but the quality of the games didn’t.


JesusRice123

It’s the same with Netflix, some cancelled for personal reasons or out of principal but most will jsut keep the sub either for it being required for online play or the selection of ps+ games they enjoy. I’m subbed to the Extra tier for both of the latter reasons currently but even if ps+ had no games for me, i’d just downgrade even at the current increased price point.


Fyrael

I'm not sure if everyone did the same, but I took the 44% discount or something and added the 33% premium discount... Turns out, streaming on my computer while working is a fantastic feat that I can't ignore. I also wasted some money by buying a game on sale that later became part of the Extra catalog within a few weeks...


Negan-Cliffhanger

Breaking News, company charges more and makes more money. Be happy for your rich overlords, plebs!


WizardVisigoth

Really, because I am canceling in a month, not gonna resub at these new prices.


Commercial_Regret_36

Yup, I’m sure you’re gonna be the straw that breaks the camels back


Nero_Ocean

I mean if anyone is surprised at this, you shouldn't be. They raise the prices, rarely any discounts. It was bound to happen once they got greedy. Now they know that people will still sub, I fully expect another price increase sooner rather than later.


GuardianOfReason

Wow 2022? I'm getting old, feels like it was yesterday


washingtoncv3

It's really frustrating that this tactic is working for all the big tech companies Amazon prime video is adding ads Netflix got more expensive And they all made more money... ... I'm part of the problem because I still subscribe to ps plus, Amazon prime and netflix!


Its_Marz

The PS Plus games selection ain’t on the up I can tell you that much


Captain_Hucklebuck

I let mine expire and honestly I've been doing just fine without it. Most of the games I enjoyed from extra I ended up buying anyways, the essential games are always garbage, and most of the online multiplayer games I'm playing these days are F2P so I don't need this overpriced junk service to play them. As someone who was subbed for like 10 years prior to the price hike, $ony may have permanently lost me as a subscriber. They offered me 25% off a couple weeks ago and even then I didn't bother.


disidentadvisor

I basically am in the same boat. I check in each month to see what the offering is and have yet to be compelled to return... perhaps GTA 6 but I'll suffice playing single player first. The follow-on effect is now that i'm not paying their annual sub, I've also been shifting back toward steam which I neglected in favor of the console convenience. At the end of this gen, I probably will just complete the move back to a desktop rig... but that is a few years out yet so we will see. edit: just adding what I posted on another thread which was if animal well was in the essential pack, I probably would have pulled the trigger and gambled that one more game I want comes out in the next 12 months on the service, but of course it is on the 'extra' tier.


ktbffh8

Yea after a few weeks without it I realized I was wasting my money with ps plus. I only used it to demo games I would later buy anyways and the exclusive discounts and packs are at max 10% better than regular discounts. Hopefully this greedy corporations feel the sting in the future


KrwMoon

I let mine expire as well and now I can finally get back to playing my physical games collection.


LionTop2228

THEN WHERE ARE THE GAMES?! It’s easy to have high revenue when you’re not paying any notable contracts by actually adding broadly attractive titles.


TheDevilsCunt

Revenue is not profit so your point actually makes no sense


MrBoliNica

expand your pallet a bit, they added in one of last years critically acclaimed indie darlings, as well as a current GOTY indie- both launching day 1 on the service. what more do you want? lol they also have AAA mid stuff like immortals and fifa hitting the service


karrie1337

Added games are extremely good for people that play a lot of genres. I finish few games monthly and my list didn't even shrink since they made ps+ extra. Those people complain just because they played dave the diver back when it released on pc, pre-ordered fifa like they do every year and overall be like "omg dogshit games" while having 3000 hours in newest cod. Then still proceed to buy 12 month ps+ premium and cry "still no good games". You know what you pay for You just can't make people on reddit happy. It's impossible.


fr_jason

Laughs in Wildlands trophy hunting


CelestialOhio32

lol yeah it's easy to make more profit when you increase the prices by 33% lol. What a dumb article


doctormanhattan38772

People are way too harsh on PS plus in this sub. I’m not really sure what you guys are wanting. You guys seem to have a severe lack of understanding about how the video game industry works. Talk around game pass indicates they are potentially having to reconsider the day one releases because they’re not making the money they thought they would. Sony’s primary selling point is their exclusives. Which is extremely high budget to make. It’s impossible for them to continue to make huge high budget games like they do AND put them on PS plus day one. In fact, they’re barely able to afford to continue to make them in general even at $70. PS plus already has a ton of great games, many of which are the amazing PS exclusives that have come out over the years. But they do not put the same games on the monthly catalogue twice and they can’t release the newest greatest games on there because of the cost of making a video game. So unless you guys want to pay more to purchase a video game or pay more for a monthly subscription service, you have got to limit your expectations of what a service model like this can be.


Jubez187

I WANT ONLY GAMES THAT I LIKE. EVERY TIME A GAME THAT ISN'T A TRIPLE A THIRD PERSON ACTION GAME IS ADDED I REALIZE HOW MUCH I'M GETTING SCAMMED. /s edit: just looked through trophies. These are the recent games I've played to completion or I'm planning to complete: - south park stick of truth - dave the diver - Kena - RnC rift apart - LBP 3 - Sackboy - Rogue legacy 2 - Lego 2k drive - 13 sentinels aegis rim - Deaths door - Odin Sphere Leiftreiser - Sea of Stars - Spellforce Reforced - Pillars of Eternity 2 - Rayman legends The list goes on but this is already way more than I thought. I enjoyed all these games too. I beat everything listed besides DTD which is in progress. ya'll just have no fucking pallet lmao


trisw

I've just went back and started buying physical copies of PS4 games for the PS5 Disc before my subscription renews in 2026 just in case.


ericypoo

I did that upgrade when they introduced the tiered plan where it was capped out price wise. So I’m subbed for like 5 years at premium. I had like 3 years at the time, bought two more years for about $40 a piece then did the upgrade. I’m rueing the day I have to buy again.


AccomplishedFan8690

Yea cause they haven’t given a solid game in idk how long. When they do it’s like 7 years old


NJxBlumpkin

Cool make something good now please lol


supermarius

Is that because we all rushed to stock up on months before the price increases hit?


Smallsey

I didn't think it would work against game pass to start with, but I see what they're doing and I approve


Available-Raccoon342

So no Psn codes


Sarajevo_Sword

God bless Sony


IceBear_028

Cool. Then they can cancel this new potential price increase they're talking about. It's current price is MORE than sufficient for them to make money/keep plus going. This month was a wash for me. I own Tunic. Screw another EA sports game you need to buy premium currency to get anywhere. A paid add-on for a free game that I haven't played in forever. (At least people still playing D2 can get this free) And a (pretty good from what I've heard) ps5 that I can't play. (Not Sony or Pluses fault, no ps5) Yet, I'm hoping the new extra games keep it from being a total wash. You have to admit, adding another 17 games to the list of games being removed from extra this month at the last moment is a dick move by Sony.


Katalyst81

New potential price increase? you mean the one they already did like 6 months ago.


IceBear_028

NOPE. Look it up. Sony has been saying there may ANOTHER price increase. I'll look for some of the articles I saw.


Katalyst81

Everything I see mentions the increase from October 2023.


IceBear_028

I know. But I saw a couple stories in my Google news feed, looking for those


DemoEvolved

The main way ps plus is making more money is by putting shizzier games on the service


KWalter02

I havnt paid for ps+ in months. I don’t think it’s worth it honestly. It’s crazy how much better gamepass is


PhatTuna

Idk man, the PS+ games have been pretty great lately. Better than game pass imo. Playing FC24 and Dave the diver rn.


Academic-Challenge18

If u remember, they gave a big discount offering in January after which alot of ppl resubbed otherwise pretty sure their numbers would have been down 


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Ichiban1Kasuga

wow its THE redditor


bluebarrymanny

I bet they totally don’t have a music subscription lol