Sony Raises Forecast After 45% Operating Profit Rise
16 sourcesUpdated Nov 5, 20261 min read
Sony reported a 45% year-over-year increase in second-quarter operating profit to 622.3 billion yen, as stronger results in gaming and movies helped it beat market expectations. The success of Spider-Man: Brand New Day drove a sharp jump in the Pictures division’s earnings and theatrical revenue, while gaming profits also rose on stronger software and network-services sales. Sony raised its full-year operating-profit forecast to 1.87 trillion yen and lifted its sales and net-profit outlooks. PlayStation 5 sales fell to 2.6 million units from 4 million a year earlier, and Sony faces higher memory-chip costs, though the company expects the upcoming Grand Theft Auto VI launch to benefit its games business.
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Raising the full-year forecast makes sense with games and movies both performing strongly right now.
Those rising memory chip prices could squeeze margins on the next PlayStation if they keep climbing.
Sony's film unit really carried the quarter with that new Spider-Man movie doing so well.
