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Sony Group(SONY) - 2025 Q3 - Quarterly Report
2025-02-13 11:03
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of February 2025 Commission File Number: 001-06439 SONY GROUP CORPORATION (Translation of registrant's name into English) 1-7-1 KONAN, MINATO-KU, TOKYO, 108-0075, JAPAN (Address of principal executive offices) The registrant files annual reports under cover of Form 20-F. Indicate by check mark whether the registrant files ...
Sony Pictures Entertainment Third-Quarter Profits Dip 21% To $223M; Corporate Results Jump On Games & Music
Deadline· 2025-02-13 08:19
Group 1: Financial Performance - Sony Pictures Entertainment reported third-quarter profits of $223 million, a nearly 21% decrease compared to the same quarter last year [1] - Adjusted OIBDA for Sony Pictures was $308 million, reflecting a 16.5% decline [1] - Sales for Sony Pictures increased by 6% year-over-year, reaching $2.619 billion [1] Group 2: Overall Company Performance - Sony Corp's consolidated sales rose 18% year-over-year to 4,409.6 billion yen ($28.6 billion) [2] - Consolidated operating income increased by 1% to 469.3 billion yen ($3.05 billion) [2] Group 3: Segment Performance - The Pictures segment saw revenue growth attributed to higher theatrical release revenues, with "Venom: The Last Dance" grossing $478 million globally [3] - The acquisition of Alamo Drafthouse Cinema and subscriber growth at Crunchyroll positively impacted revenues, though this was partially offset by lower series deliveries in Television Productions [4] - In the Games & Network Services segment, profits rose 37% to 118.1 billion yen ($766.3 million) due to increased sales from network services and non-first-party game titles [6] - Music segment earnings jumped 28% to 97.4 billion yen ($631 million), driven by higher revenues from streaming services and foreign exchange rates [6] Group 4: Future Outlook - Sony has raised its full-year sales forecast to 13.2 trillion yen ($85.6 billion), a 4% increase on a yen basis [7] - The operating income outlook has also been increased by 2% to 1.335 trillion yen ($8.7 billion) [7]
Sony posts quarterly profit beat as gaming revenues jump
CNBC· 2025-02-13 06:58
Sony on Thursday posted an operating profit beat for its December quarter after a jump in gaming revenues.The company's consolidated operating profit hit 469.3 billion yen ($3.05 billion), versus 404.21 billion yen expected.The December quarter is a key period for Sony, covering the holiday shopping season which is often a lucrative time for consumer electronics firms. In the previous quarter, Sony raised its sales guidance for the 2025 fiscal year, revising its forecast for revenue up slightly to 12.7 tril ...
What Makes Sony (SONY) a New Buy Stock
ZACKS· 2025-02-11 18:01
Sony (SONY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual inves ...
SONY Gears Up to Report Q3 Earnings: Is a Beat in the Cards?
ZACKS· 2025-02-11 14:26
Sony Group Corporation (SONY) is scheduled to report third-quarter fiscal 2024 earnings on Feb. 13.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for earnings is pegged at 29 cents per share, indicating a decline of 27.5% from the year-ago reported figure. The consensus estimate for revenues is pegged at $24.32 billion, implying a fall of 4.2% from the prior-year actuals.The company’s earnings surpassed the Zacks Consensus Estimate in each of the last f ...
Sony says PlayStation Plus members will get five-day extension after outage
TechCrunch· 2025-02-09 16:13
In Brief After the PlayStation Network experienced a global outage that lasted for nearly a day, Sony says it will compensate PlayStation Plus subscribers by giving them an extra five days of service.The outage seems to have lasted from Friday evening until Saturday evening in the United States, with many PlayStation owners reporting difficulty loading their digital games or connecting with friends online. Downdetector shows that outage reports peaked at around midday Saturday on the East Coast before falli ...
PlayStation's daylong global outage disrupted the online gaming economy and knocked Sony's stock
Business Insider· 2025-02-09 01:47
A nearly 24-hour outage disrupted Sony's PlayStation Network starting on Friday.The outage prevented gamers from playing or purchasing games online, disrupting the digital economy.PlayStation returned online, but not before Sony's stock took a 2% dip in after-hours trading.Sony's PlayStation Network went down on Friday, starting a daylong outage that outraged gamers, disrupted the digital economy surrounding the system, and knocked Sony's stock. "PSN has been restored. You should be able to access online f ...
PlayStation Network suffers global multi-hour outage: ‘This is ridiculous'
New York Post· 2025-02-08 16:12
Sony’s PlayStation Network suffered a multi-hour outage beginning Friday evening, infuriating gamers around the world who were unable to access the online store and other apps or features well into Saturday.“We are aware some users might be currently experiencing issues with PSN,” a post on the the official Ask PlayStation X account said Friday night.According to Sony’s PlayStation Network status page, services including account management, gaming and social, PlayStation Video, PlayStation Store, and the Pl ...
Sony PlayStation Network outage enrages gamers around the world
TechXplore· 2025-02-08 14:54
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: In this June 14, 2018, file people stand online next to the PlayStation booth at the 24th Electronic Entertainment Expo E3 at the Los Angeles Convention Center. Credit: AP Photo/Damian Dovarganes, File A major outage of Sony's PlayStation Network (PSN) on Saturday has left tens of thousands of gamers unable to access online serv ...
Here's Why Sony (SONY) Fell More Than Broader Market
ZACKS· 2025-01-31 23:56
The most recent trading session ended with Sony (SONY) standing at $22.01, reflecting a -1.3% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a loss of 0.75%, and the technology-centric Nasdaq decreased by 0.28%.Shares of the electronics and media company have appreciated by 5.74% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 4.16% and the S&P 500's gain of ...