Investing: Sony shares hit record high (in over 20 years) on gaming and entertainment prospects

Gizmo_Duck

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The stock has been rising sharply in recent weeks after the Japanese entertainment and electronics company announced strong results for the three months ended September. Last month, Sony reported a 69% jump in quarterly net profit to 338.50 billion yen, equivalent to $2.24 billion, driven by the strength of its game business.

Operating profit for its games business more than doubled, thanks to higher sales from software and network services, as well as an improvement in hardware profitability.
Sony raised its revenue forecast for the year ending March 2025, expecting higher game revenue.

 
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Gizmo_Duck

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I mean, it’s what we do…
:yeshrug:

Notice it’s a steady climb too. Not some AI hype or “let’s make everything a subscription” hype either.

Sustainable growth: it’s just what we do…
:yeshrug:

Yeah, they probably have a pretty major FY coming up also if the Kadokawa deal goes through and GTA6 on the horizon
 

winb83

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I doubt most online fanboys are serious enough to invest in the company they stan. They'll cheer the victories online but not have the good sense to actually get in on the money making.
 

Canon

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:mjlol: there's a thread I want to bump after the little dip when the pro was revealed

too lazy tho
 

Rekkapryde

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It's not the highest it's been twenty years tho

Price got up to around 128 a share a couple years ago (before the 5:1 split). That would be Around 25 and change now (it closed at 21.77 today)
 
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