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Operating profit last year was around $2.54 Billion and this year about $1.84 Billion so I'm going to assume Bungie Acquisition isn't included as that would put this years profits ridiculously high.

Software units might be down this year but software revenue is up so I imagine software isn't to blame either. But this year they spent $1.99 Billion on R&D and last year they spent $1.29 Billion so without the increase in R&D profits would remain about the same.

I think it's safe to assume that PS5 hardware sales are still not profitable to any meaningful degree.