Don't mistake critical acclaim for sales volume and scale. The balance sheet doesn't care about how unique and good a game is.
Sony's first party game studio segment of their business is not bigger than Activision-Blizzard.
Looking at Q4 2021, around 20% of Sony's game unit sales were first party titles. It seems to vary between 10-20% depending on the quarter.
Total game sales accounted for $2.5 billion in revenue, so we can assume that about $500 million of that revenue is from Sony's own published titles.
We could be generous and assume that Sony games on average sell for higher than the typical game, you could bump that number up to something like $700 million.
Now let's look at Activision-Blizzard: In Q4 of 2021, their revenue was $2.1 billion, so they're bringing in up to 4x more revenue from game sales than Sony's revenue from their self-published titles.
Call of Duty alone brought in in $1 billion of revenue for 2021, so the Call of Duty business is about half the size of Sony's entire game development business.
Sony's game sales including the cut they take from third party developers on their platform barely exceeds Activision-Blizzard's revenue.
Sony's first party game studio segment of their business is not bigger than Activision-Blizzard.
Looking at Q4 2021, around 20% of Sony's game unit sales were first party titles. It seems to vary between 10-20% depending on the quarter.
Total game sales accounted for $2.5 billion in revenue, so we can assume that about $500 million of that revenue is from Sony's own published titles.
We could be generous and assume that Sony games on average sell for higher than the typical game, you could bump that number up to something like $700 million.
Now let's look at Activision-Blizzard: In Q4 of 2021, their revenue was $2.1 billion, so they're bringing in up to 4x more revenue from game sales than Sony's revenue from their self-published titles.
Call of Duty alone brought in in $1 billion of revenue for 2021, so the Call of Duty business is about half the size of Sony's entire game development business.
Sony's game sales including the cut they take from third party developers on their platform barely exceeds Activision-Blizzard's revenue.
[1] https://gameworldobserver.com/2022/11/01/playstation-profit-...
[2] https://investor.activision.com/news-releases/news-release-d...