Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Core Insights - Sony has revised its fiscal 2025 revenue target slightly upward to 12.7 trillion yen from the previous target of 12.6 trillion yen, while maintaining its full-year operating profit forecast at 1.3 trillion yen [1] - The company reported strong performance in its gaming business, with operating profit for the September quarter increasing by 73% year over year, reaching 455.1 billion yen [6] Group 1: Financial Performance - Game and network services revenue reached 1 trillion yen, reflecting a 12% increase year over year [2] - Game software sales surged by 28% in the September quarter, totaling 612.3 billion yen [4] - Sony sold 3.8 million PlayStation 5 units in the September quarter, a decline of 22% year over year [4] Group 2: Product Developments - The launch of the upgraded PlayStation 5 Pro console is expected to enhance interest in the PS5, featuring improved graphics and AI capabilities [5] - The gaming sector is anticipated to improve next year, driven by the upcoming release of a next-generation Nintendo Switch model and Grand Theft Auto VI [3]