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Sony raises profit forecast after earnings beat, boosted by Music and Imaging divisions
CNBC· 2025-11-11 03:42
Core Insights - Sony Group reported a second-quarter operating profit increase of 10% year-over-year, exceeding expectations, and announced a share buyback of up to 100 billion Japanese yen ($648 million) [1][2] - The company raised its fiscal year operating profit forecast by 100 billion yen (8%) and its annual revenue outlook by 300 billion yen (3%) [1] Financial Performance - Revenue for the second quarter reached 3.108 trillion Japanese yen, surpassing the expected 2.985 trillion yen [4] - Operating profit was reported at 429 billion yen, exceeding the expected 398.44 billion yen [4] Segment Performance - The game and network services division, which includes the PlayStation brand, generated sales of 1.113 trillion yen, a 3.9% increase year-over-year [2] - The music business, Sony's second-largest segment, saw sales growth of over 20% compared to the same period last year [3] - Revenue from the Imaging & Sensing Solutions segment grew by 14.75% [3]