Sony profit jumps 22% in December quarter, beating expectations and lifting full-year outlook

Core Insights - Sony reported a 22% increase in operating profit year-on-year, surpassing expectations, despite challenges from foreign exchange volatility and rising memory costs [1] - The company raised its full-year operating profit forecast to 1.54 trillion yen, an increase of 110 billion yen or 8% from the previous estimate [2] - Annual revenue projection was also increased by 300 billion yen to 12.3 trillion yen, reflecting a 3% rise [2] Financial Performance - Revenue for the December quarter was reported at 3.71 trillion yen ($23.68 billion), slightly above the previous estimate of 3.69 trillion yen [4] - Operating profit for the same quarter reached 515 billion yen, compared to 468.9 billion yen in the prior year [4] Segment Performance - Sales in the game and network services division totaled 1.613 trillion yen, a decrease of 68.7 billion yen from the previous year [3] - Despite a decline in hardware shipments, the division has seen growth in digital game purchases and the PlayStation Plus subscription service [3]