The Sony PlayStation game controller is on display at a Best Buy store in San Rafael, California on December 17, 2024.
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share Sony Group Fridays after Fridays up to 10.7% Company improves revenue and profit forecasts The current fiscal year will end in March.
Japan Technology and Entertainment Group announced on Thursday that it would raise its annual operating profit outlook to 13.4 trillion yen (876 billion US dollars), a 2% increase from the previous fiscal year.
It also expects full-year sales to reach 13.2 trillion yen, 4% higher than November’s forecast, which is stronger in the gaming and music business in the third quarter.
In the December quarter, the company’s operating income was 469.3 billion yen, an increase of 1% from a year ago.
Sony grew to excel in the 1980s with its consumer electronics like Walkman, which expanded its products to popular PlayStations such as movies, music and gaming consoles.
Operating profits from its gaming business rose 37% in its third quarter due to higher sales of network services, hardware and third-party software.
The company sold 9.5 million PlayStation 5 consoles in the December quarter, up from 8.2 million in the same period a year ago. According to Sony’s recent quarterly and previous years, this has brought together a total of lifetime sales of PS5 to 74.9 million units.
Speaking at the results briefing on Thursday, Sony President and CEO Hiroki Totoki pointed out that in December, the number of monthly active users on the PS platform increased by 5% year-on-year to 129 million accounts,” he said.The highest number in PS history. ”
“Total game time also increased by 2% year-on-year, marking a year-on-year increase in the seventh consecutive quarter,” he added.
Sony Group shares
Damian Thong, senior research analyst at Japanese equity research and senior research analyst at Macquarie Capital Nintendo For example.
He believes Sony’s stock has “some ways” to advance.
Looking ahead, Thong is particularly optimistic about the prospects for Sony’s gaming division.
“They have a good slate on the first side and have launched a major launch on the third side and they have lowered their costs last year and I’m very confident they will see strong in the next fiscal year’s race. Growth,” he told CNBC’s road sign in Asia on Friday.
– CNBC’s Ryan Browne contributed to the report.
