Sony’s re-launched PlayStation Plus service has lost nearly 2 million subscribers right after it relaunched, news confirmed in their latest earnings report.
While the now multi-tiered subscription has been rolled out worldwide, the company reported it lost 1.9 million subscribers between July and September of 2022, so in essence right after the relaunch with its new pricing.
Despite the big loss of subscribers, Sony overall saw a 10% increase in overall revenue, and their PlayStation Plus subscriber base went from 47.3 million down to 45.4 million – which is still quite a lot more than Microsoft’s Xbox Game Pass.
Subscription services are all the rage now with seemingly every company trying to get onto the bandwagon, or expand their service. Sony’s new PlayStation Plus revamp comes in three tiers and price increases, both of which likely attributed to the large cutoff in subscribers.
Microsoft is especially tripling down on Game Pass with their new Friends & Family Plan, which adds considerable value to the service. Microsoft also puts all their published games onto Game Pass from day one, which Sony is extremely against ever doing.