Sony reports its performance for the quarter ending June 2024, with total sales reaching 3.01 trillion yen, an increase of 48% compared to the same quarter last year. Net profit also rose to 2.32 trillion yen.
The notable revenue and profit growth are attributed to the increased sales in the gaming and imaging sensor businesses. The music business saw a significant revenue increase, while the financial services segment experienced a decline in revenue.
The gaming business generated revenue of 8.65 trillion yen, up 12%, with profits from first-party game operations increasing by 33%. Sales of games like Helldivers 2 and PlayStation Plus subscriptions contributed to the growth, although PS5 sales decreased.
The imaging sensor business reported revenue of 3.54 trillion yen, up 21%, with operating profits increasing by 188%. Sales in mobile phones, digital cameras, and the music business also saw a 23% revenue increase, totaling 4.42 trillion yen. Streaming revenue, merchandise sales, and live performances of notable albums like Beyoncé’s “Cowboy Carter” and Hikaru Utada’s “Science Fiction” contributed to the growth.
TLDR: Sony’s quarterly report shows significant revenue and profit growth in the gaming, imaging sensor, and music businesses, attributing the success to increased sales and strategic business operations.
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