Sony raises guidance on gaming strength, quarterly operating profit beats estimates
Sony raised sales guidance for the full year and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.
Sony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.
Here's how the company did in the September quarter, versus LSEG consensus estimates:
Revenue: 2.97 trillion Japanese yen ($19.4 billion), versus 3.03 trillion yen expected. That was up 9% and slightly below analyst expectations.
Operating profit: 445.1 billion yen ($2.91 billion), versus 336.07 billion yen expected. That's up 73% year-over-year and beats expectations.
The Japanese tech giant revised its fiscal year 2025 revenue target up slightly to 12.7 trillion yen. It previously targeted 12.6 billion yen of sales. Sony also expects full-year operating profit of 1.3 trillion yen, in line with its previous forecast.
That came as Sony saw strength in its game and network services division, which houses its popular PlayStation home console brand. Game and network services revenue at the company came in at 1 trillion yen, up 11% year over year.
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