Sony stock jumps 5% after huge Playstation Q2.

[Grand Conde]

Surprised @The Mad Titan didn't make this thread about Sony's revenue reports, like he usually does.

Sony raised sales guidance for the full year Thursday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.

That came as Sony saw strength in its game and network services division, which houses its popular PlayStation home console brand. Game and network services revenue at the company came in at 1 trillion yen, up 11% year-over-year.

Sony’s gaming division has held up well thanks to a shift to digital game purchases and the PlayStation Plus subscription service.

https://www.cnbc.com/2024/11/08/sony-reports-69percent-jump-in-operating-profit-beating-expectations.html

 

[Gizmo_Duck]

Sony’s Profit Jumps 73%, Music And PlayStation Sales Drive Growth - BusinessToday

Sony Group Corp has raised its revenue outlook following impressive sales in music and continued growth for its PlayStation games. The Tokyo-based company now expects net revenue of ¥12.71 trillion (US$83.2 billion) for the year ending in March, slightly higher than its previous forecast. For...

www.businesstoday.com.my

Sony Group Corp has raised its revenue outlook following impressive sales in music and continued growth for its PlayStation games. The Tokyo-based company now expects net revenue of ¥12.71 trillion (US$83.2 billion) for the year ending in March, slightly higher than its previous forecast.

For the September quarter, Sony posted an operating profit of ¥455.08 billion, up 73% year-on-year and surpassing the average analyst estimate of ¥335.3 billion.

Despite being four years into the latest PlayStation hardware generation, Sony has been working to reduce its dependence on the gaming segment. However, its game division exceeded expectations, driven by both hardware and software sales, with PlayStation 5 units performing particularly well, selling 3.8 million units in the quarter, surpassing predictions.

The success of high-profile titles such as Sony’s Astro Bot and Game Science Interactive Technology Co.’s Black Myth: Wukong contributed to the stronger-than-expected earnings, compensating for the underperformance of its live-service game Concord.

Bloomberg Intelligence’s Masahiro Wakasugi commented, “Hits like Wukong delivered. The game segment is making up for a decline in image sensor demand in North America, while there’s room for growth in the music business.”

As one of the world’s largest music rights holders and publishers, Sony has benefitted from the success of streaming platforms such as Spotify. Spotify’s US-traded shares have more than doubled this year on optimism for ongoing growth. Sony’s music division also includes its smartphone games and anime publishing, both of which have gained significant popularity outside Japan.

In a move to strengthen its position during the year-end shopping season, Sony launched the PlayStation 5 Pro, a high-performance version of its flagship console aimed at countering competition from rival platforms. Looking ahead to next year, Sony plans to release major titles such as Capcom’s Monster Hunter Wilds and Rockstar Games’ Grand Theft Auto VI.

but but but CONCORD, it was supposed to bring Sony to their knee’s

 

[The Mad Titan]

Surprised @The Mad Titan didn't make this thread about Sony's revenue reports, like he usually does.

Sony raised sales guidance for the full year Thursday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.

That came as Sony saw strength in its game and network services division, which houses its popular PlayStation home console brand. Game and network services revenue at the company came in at 1 trillion yen, up 11% year-over-year.

Sony’s gaming division has held up well thanks to a shift to digital game purchases and the PlayStation Plus subscription service.

https://www.cnbc.com/2024/11/08/sony-reports-69percent-jump-in-operating-profit-beating-expectations.html

When was the last time I made a thread about financials of PlayStation



Keep up


Also

"Sony’s gaming division has held up well thanks to a shift to digital game purchases and the PlayStation Plus subscription service."

Sounds like what I've been saying about the future of gaming for the last 8 years on this forum.

 

[Diondon]

 

[Gizmo_Duck]

And these nikkas spent like two months dooming about concord and that shyt had no affect whatsoever on sonys/SIE’s financials lol

You’d think if something really cost them 400 million dollars and was the biggest flop of all entertainment it wouldn’t lead to a record financial quarter. Look at Ubisoft and WB with their big flops, they are pretty much having to undergo massive restructuring.

 

[Rekkapryde]

 

[Gizmo_Duck]

 

[Gizmo_Duck]

 

[King Sun]

Xbots been saying sony is in trouble for 8 yrs.

 

[Gizmo_Duck]

Xbots been saying sony is in trouble for 8 yrs.

Meanwhile Sony revised their revenue forecast higher next quarter and microsoft is forecasting a decrease/flat even with ABK and COD

 

[Champion]

So the PS5 is selling worse than the PS4
Hardware sales are down YOY
And no software sales numbers because they dont want to get compared to you know who

#StruggleThread

 

[BlackXCL]

FINALLY nikka

 

[King Sun]

So the PS5 is selling worse than the PS4
Hardware sales are down YOY
And no software sales numbers because they dont want to get compared to you know who

#StruggleThread

 

[Gizmo_Duck]

So the PS5 is selling worse than the PS4
Hardware sales are down YOY
And no software sales numbers because they dont want to get compared to you know who

#StruggleThread

To who? Nintendo hardware and profit is massively down this year and its not outpacing playstation

Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

 

[Champion]

To who? Nintendo hardware and profit is massively down this year and its not outpacing playstation

https://www.cnbc.com/2024/08/02/nintendo-profit-plunges-55percent-as-sales-of-its-ageing-switch-console-fall.html

Well you let me know whaen the PS5 puts up Switch numbers. Or at least catches up to the PS4
Or better yet let me know when Sony wants to stop hiding those 1st party software sales numbers.

Deflecting isn't going to change reality. #StruggleThread