Asked about the decline in an earnings call on Tuesday (transcribed by VGC),
Sony’s CFO Hiroki Totoki blamed declining third-party game and PlayStation 4 sales and ‘more people going outdoors’.
The exec said he expects subscriber numbers to recover during the company’s next quarter, partly due to the impact of
Call of Duty: Modern Warfare 2 and
God of War Ragnarök.
“There have been a declining number of members of PlayStation Plus,” he said. “However, in the second quarter we renewed our services and there hasn’t been a great momentum as a whole. Also, we didn’t make aggressive promotions during the second quarter.
“Therefore, in the future we are going to have more penetration on PS5 and we are going to have very good titles. In addition, we are able to make better promotions and we think we are able to recover.”
He added in a reply to another investor about the PS Plus figures:
“More people are now going outdoors, and we have yet to get out of the negative cycles. PS4 and third-party software sales have also been rather sluggish, and sales of catalogue titles have also been declining.
“Against that, PS5 engagement is quite high, so in Q3 we expect some recovery. We have strong titles from first-party, and we have some seasonal effects. So, in Q3 we can see some recovery from the downturn trend – that’s our expectation.”