Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations.
Sony reported operating profit of 279.11 billion yen in the fiscal first quarter, up 10% year-over-year and beating analyst expectations.
Revenue: 3.01 trillion Japanese yen , versus 2.8 trillion yen expected. That marked a 2% rise from the same period a year ago. Gaming, for which Sony is well-known thanks to its popular PlayStation consoles, banked revenues of 864.9 billion yen in the quarter, up 12% from 771.9 billion yen a year ago.For full-year 2024, Sony revised its forecast upward saying it now expects to hit 12.6 billion yen of sales. That's up 2% from what the company was previously guiding.
"Cowboy Carter," released in March, pays homage to Beyonce's home town, Houston, Texas. It is one of the biggest releases of 2024 so far, alongside Taylor Swift's"The Tortured Poets Department."On Wednesday, Sony said it sold 2.4 million PlayStation 5 units in the June quarter. That was down from the 3.3 million PlayStation 5 units Sony sold in the same period a year ago.
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