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Sony expects PSN to bring in $500 million this year, up 300% YoY

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Who needs subs? Sony, speaking at an investor conference this week, has said it expects PSN to bring in revenue of $500 million this financial year, more than three times the amount of revenue achieved last year.

More than 33 million people are now registered with the service, which turned three years old this week.

Networked consoles services are clearly "in": Xbox Live revenues rose over 50 percent in the last quarter, although exact figures remain unspecified.

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Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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