Sony’s first quarter financial results | Wilnesh News

Sony reported first-quarter operating profit growth of 10%, exceeding analysts’ expectations.

Here’s how Sony’s performance in the June quarter compared to London Stock Exchange Group consensus estimates:

• Revenue: 3.01 trillion yen ($20.5 billion), compared with 2.8 trillion yen expected. This is an increase of 2% from the same period last year.
• Operating profit: 279.11 billion yen, expected to be 275.35 billion yen. An increase of 10% compared with the same period last year.

Previously, the Japanese consumer electronics giant announced disappointing full-year results for 2023, with operating profit falling 7% annually due to weakness in its financial services business.

Sony is just shy of hitting its full-year PlayStation 5 sales target for 2023, reporting total sales of 20.8 million units in fiscal 2023. That’s up from the previous estimate of 25 million units.