Sony said on Wednesday that PlayStation 5 game consoles will cost more in the U.S. starting this week. While Sony didn't blame President Donald Trump's tariffs for the coming increase, consumer companies have been warning for months that the levies will lead to higher prices.
Sony posts strong fiscal Q1 2025 gains led by gaming and sensors, while a planned financial unit spin-off reshapes future reporting.
Sony Group Corporation (NYSE:SONY ) Q1 2026 Earnings Conference Call August 7, 2025 3:00 AM ET Company Participants Lin Tao - CFO & Corporate Executive Officer Naoya Horii - Corporate Participant Sadahiko Hayakawa - Senior Vice President, In change of Finance and IR Toshihide Endo - Corporate Executive Officer, President, CEO & Representative Director Conference Call Participants Junya Ayada - JPMorgan Chase & Co, Research Division Minami Munakata - Unidentified Company Ryosuke Katsura - SMBC Nikko Securities Inc., Research Division Yasuo Nakane - Mizuho Securities Co., Ltd., Research Division Yu Okazaki - Nomura Securities Co. Ltd.
PlayStation-maker Sony raised its annual profit forecasts on Thursday, citing strong performance in its key gaming business and a smaller-than-expected negative impact of US trade tariffs.
Sony Pictures saw a 76% jump in operating profit for the June quarter to $129 million on revenue that grew 4% to $2.3 billion as the studio said more series deliveries in the Television Productions offset a softer theatrical release slate year-on-year for the Japanese giant's fiscal first quarter.
SONY's diverse entertainment push, PS5 growth and music strategy set the stage for Q1 fiscal 2025 earnings.
In the latest trading session, Sony (SONY) closed at $24.88, marking a -1.97% move from the previous day.
EXCLUSIVE: Sony Pictures Entertainment has hired two key strategy executives to round out the team reporting to Jay Levine, Chief Strategy Officer & Business Operations.
Sony Group is exploring a sale of its unit that provides cellular chipsets for connected devices, as the group shifts its focus to the entertainment segment, according to three people familiar with the matter.
Sony (SONY) closed at $23.92 in the latest trading session, marking a -2.01% move from the prior day.
Sony (SONY) concluded the recent trading session at $24.41, signifying a +1.79% move from its prior day's close.
In the latest trading session, Sony (SONY) closed at $24.65, marking a -2.07% move from the previous day.