Sony Reports 73% Surge in Quarterly Profit
Sony Reports 73% Surge in Quarterly Profit
Sony Reports 73% Surge in Quarterly Profit
News summary

Sony's operating profit for the July-September quarter surged 73% to 455.1 billion yen, driven by strong performance in its game and network services division, which saw profits nearly triple to 138.8 billion yen. The company's diverse portfolio, including music, movies, and semiconductor products, helped maintain its annual profit forecast at 1.31 trillion yen, aligning with analysts' expectations. Despite a 22% decline in PlayStation 5 hardware sales, digital game purchases and the PlayStation Plus subscription service bolstered the gaming segment's revenue, which rose by 11% to 1 trillion yen. Sony revised its fiscal 2025 revenue target slightly upward to 12.7 trillion yen. The entertainment businesses, comprising games, music, and movies, contributed significantly to Sony's revenue, accounting for nearly 60% of the total. Analysts remain optimistic about the gaming sector's future, anticipating the release of new gaming consoles and major titles like 'Grand Theft Auto VI.'

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Last Updated
3 days ago
Bias Distribution
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