Sony revised its fiscal 2025 revenue target up slightly to 12.7 trillion yen ($83 billion) — it was previously targeting 12.6 billion yen in sales. The tech giant reported better-than-expected profit for the September quarter, with operating income jumping 73% year over year.
Sony shares rose in premarket trade Friday after the company reported booming profit growth in the fiscal second quarter.
Japanese entertainment conglomerate Sony Group Corp (NYSE:SONY) reported strong year-on-year growth in its gaming and music segments, partially offset by a downturn in the film and TV department, in its first-half results. Although physical PlayStation sales were down, Sony's PlayStation Plus digital network subscriptions offset this.
The Japanese company raised its annual revenue forecast after delivering a second-quarter profit beat.
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Helldivers 2 has sold 12 million copies on the PS5 and PC to date, while Astro Bot has sold more than 1.5 million copies to date.
Sony's operating profit soared 42.3% in the first half of the financial year ending March, the company reported on Friday.
Sony reports 69% jump in operating profit, beating expectations
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Sony's Q2 performance is likely to have benefited from continued strength across its diversified portfolio, including G&NS, Music and Pictures segments.
Sony (SONY) closed at $18.05 in the latest trading session, marking a +1.75% move from the prior day.