summation
- Sony Group stock recently reached its highest closing price in 24 years.
- The all-time high is fueled by optimism about future game releases from PlayStation's first-party studio.
- Sony's last earnings report promised that a major single-player PlayStation game would be released every year going forward.
sony group The stock hit an all-time high of 3,338 yen ($22) earlier this week. The historic close shattered a 24-year-old record for Sony and appears to have been driven by optimism surrounding the company's PlayStation division, which is heading into a potentially very profitable year.
PlayStation is Sony's highest-grossing segment, accounting for about a third of the company's revenue. The rest is divided into other Sony divisions such as movies, TV, animation, music, consumer electronics, etc. Earlier this year, Sony announced that the current PS5 console generation is its most profitable ever. That's less than four periods matching the PS4's cumulative earnings. years. Moreover, with blockbuster game releases scheduled for the latter half of the PS5 lifecycle, including many games from PlayStation's major in-house studios, Sony shareholders will likely be very optimistic about the company's massive expected earnings.
relevant
All major video games coming for PS5 and PS4
From JRPGs to platformers, racing, and fighting titles, here are all the major PS5 games scheduled for release in 2024, 2025, and beyond.
This optimism was reflected in Sony Group's stock price this Tuesday. Closed at an all-time high of 3,338 yen ($22) This is thanks to the evaluation by Australian financial company Macquarie. The assessment expects operating profit to increase in Sony's upcoming fiscal year, which is scheduled to begin in April 2025. Macquarie's main reasons for the revision are: Expected revenue growth for games developed by PlayStation's first-party studios In the next few years. Sony confirmed in its last earnings call that it expects to release a major single-player PlayStation game every year going forward.
A huge profit spike is expected for Sony thanks to the upcoming major PlayStation games.
Ambitions and budgets for AAA games have ballooned in recent years, resulting in longer development times. PlayStation has established a strong presence in the first two years of the PS5 generation with games such as: god of war ragnarok, Gran Turismo 7, returns, Horizon Forbidden West, Ratchet and Clank: Lift Apartetc. But Sony's only notable single-player release after 2023 will be spiderman 2 and Astrobot. While both were successful, demand for new major PlayStation games exploded, especially from big-name studios like Naughty Dog, Santa Monica Studio, Guerrilla Games, and others.
These PlayStation studios have several projects in the works, many of which have been a long time in development. So, it is very likely that it will be released in the next few years. With Sucker Punch Ghost of Yotei Now that it's confirmed for 2025, we don't yet know if Sony has another key PlayStation first-party game planned for next year. But aside from its own, Sony stands to profit hugely from big third-party titles such as: GTA 6It's scheduled for release in the fall of 2025 and is expected to be a huge seller of PS5 systems.
playstation 5
Sony's PlayStation 5 is part of the ninth generation of consoles and debuted with a launch lineup that included Demon's Souls and Astro's Playroom. The console comes with a Blu-ray disc, but a digital-only edition is also available for a cheaper price.
