Loading...
Market
Story
Sony's Q2 Profit Surges 73%, Beats Estimates; Revenue Up 9%; Raises Forecast Amid Gaming Strength
Nov 8, 2024, 07:45 AM
Sony reports a significant surge in profits for the July-September quarter, with operating profit rising 73% year-on-year to $2.96 billion, beating estimates of $2.18 billion. The company's revenue increased by 9% to $19.45 billion. Strong performance in its game and network services, with sales rising 12% to $7.01 billion, and strength in its image-sensor business helped offset weakness in its movie division. However, sales of the PlayStation 5 (PS5) consoles fell to 3.8 million units from 4.9 million units a year ago. For the first half of the fiscal year, operating profit jumped 42%. Sony raised its full-year revenue forecast, citing strong results in its entertainment segments, including games and music. Sony's shares rose 7% in pre-market trading following the announcement.
View original story
Similar markets
Below 12.5 trillion yen • 25%
12.5 - 12.7 trillion yen • 25%
12.7 - 12.9 trillion yen • 25%
Above 12.9 trillion yen • 25%
Below 1.2 trillion yen • 25%
1.2 - 1.3 trillion yen • 25%
1.3 - 1.4 trillion yen • 25%
Above 1.4 trillion yen • 25%
Yes • 50%
No • 50%
Increase by more than 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
Decrease • 25%
Virtual Reality • 25%
Mobile Gaming • 25%
Console Exclusives • 25%
Cloud Gaming • 25%
AI Servers • 25%
Cloud and Networking Products • 25%
Smartphones • 25%
Other • 25%
New merger • 25%
New acquisition • 25%
New strategic partnership • 25%
No major moves • 25%
Focus on AAA Titles • 25%
Focus on Indie Games • 25%
Focus on VR/AR Games • 25%
Other • 25%
iPhone • 25%
Services • 25%
iPad • 25%
Other • 25%