The PlayStation 5 may not be selling at the record pace it was last year, but it's still doing quite well according to Sony's latest financial results.
Today Sony released their quarterly financial results which saw the PlayStation 5 sell 2.4 million units for the first quarter of its 2025 fiscal year. This is down year over year from the 3.3 million it sold in Q1 Fiscal year 2024. The dip in sales should be expected however as the PlayStation 5 had a record year last year combined with the fact that the console is in the back half of its lifecycle.

With the 2.4 million sold this quarter it puts the PlayStation 5 at 61.7 million units sold through its lifetime.
MAU & Software Grows
While hardware may be on the decline PlayStation's software and active users is on the incline. Sony reported that it saw 116 million monthly active users during the quarter which is up 8 million year over year.
On the software front PS5 game sales of actual games are down. There were 53.6 PlayStation 5 games sold this quarter versus 56.5 million the same time last year. 80% of those sales were digital. However software actually grew nearly 20% in terms of dollar sales.

During the summary Sony said the year-on-year increase is due to the impact of foreign exhange rates, the increase in sales of first-party game software titles and the increase in sales from network services, mainly PlayStation Plus.
PlayStation (at least as of right now) has a relatively slow lineup the rest of the year with just Astro Bot and Concord due to release from their first party studios. More could be announced but Sony has previously stated no "major" games from their known IPs will release this year. Due to that it will be interesting to see how the rest of the year plays out for the company.