Sony Group reported its quarterly financial results for September 2024, with total sales of ¥2.97 trillion, an increase of 9% from the previous year. The company also saw a net profit of ¥2.92 trillion, up by 54%.
The gaming and imaging sensor businesses continue to be standout performers for Sony, with gaming revenue reaching ¥1.07 trillion, a 12% increase driven by strong sales of non-first-party games and software revenue growth of 28%. However, PS5 console sales decreased by 22%.
The imaging sensor business saw a revenue increase of 32%, totaling ¥5.36 trillion, driven by higher product demand and sales of higher-priced products.
In the music business, revenue increased by 10% to ¥4.48 trillion, primarily from higher revenue from concerts, meet-and-greet events, merchandise, and streaming royalties.
TLDR: Sony’s latest financial report shows growth in gaming, imaging sensor, and music businesses despite a decrease in PS5 console sales.
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