Sony reported its financial results for the second quarter of 2023, ending in September. Total sales increased by 8% compared to the same period last year, reaching ¥2.8286 trillion. However, net profit decreased by 29% to ¥200.1 billion. Sony attributed the overall sales growth to its gaming, film, and music businesses, while entertainment product sales declined. The profit reduction was mainly due to the camera sensor and financial services sectors.
The gaming business generated ¥954.1 billion in revenue, a 32% increase from both console sales and the success of the PS5, which sold an additional 4.9 million units. Sony also provided additional sales information for Marvel’s Spider-Man 2, which sold 25 million copies in its first 24 hours and reached 30 million copies by October 30 (within 11 days), adding 5.0 million copies. However, game sales in October were not included in this quarterly report.
The music business achieved ¥408.7 billion in revenue, a 14% increase. The film and television business revenue reached ¥399.6 billion, an 18% increase. On the other hand, the entertainment equipment business revenue declined by 9% to ¥613.5 billion, mainly due to decreased television sales.
In the camera sensor business, sales increased by 2% to ¥406.3 billion. Sony explained that despite a decrease in units sold, the weaker yen contributed to the growth. However, this sector’s operating profit decreased to ¥46.4 billion.
TLDR: Sony’s second-quarter financial report showed an 8% increase in sales and a 29% decrease in net profit. The gaming business experienced significant revenue growth, driven by the success of the PS5. The music and film/television businesses also saw revenue increases, while the entertainment equipment sector faced a decline. The camera sensor sector had a slight sales increase, but lower operating profit.