Overview

• CFO Lin Tao conceded that the transformation to live service gaming has faced “negative news” from Concord’s closure and Marathon’s postponement
• She reported that live services made up roughly 40% of first-party software revenue in Q1, with an annual contribution estimated at 20–30%
• Helldivers 2 has sold over 15 million copies to date, becoming PlayStation’s fastest-selling game, while MLB The Show, Gran Turismo 7 and Destiny 2 continue to deliver steady returns
• Sony has scrapped underperforming projects at Bend Studio and Bluepoint Games and pushed Haven Studios’ Fairgame$ into 2026
• New development review protocols and tighter quality controls have been introduced to apply lessons learned and reduce waste in future launches