
Sony Corp. reported a 73% surge in operating profit for the July-September quarter, driven by strong sales in its gaming and network business. The company sold 65.5 million PS5 consoles, matching the sales pace of the PS4. Despite the success of games like Astro Bot, which sold 1.5 million units in its first month, Sony's leadership discussed the lessons learned from the failure of the live service game Concord. Sony's revenue for the quarter was $19.52 billion, with earnings per share at $0.37, both surpassing expectations. The company has raised its full-year forecast for the gaming division, with Sony stock rising and shares popping after the announcement. Sony plans to focus on single-player games, promising to launch major PS5 single-player titles annually.



















Sony’s big games for September quarter are Astro Bot (1.5M to date), Ghost of Tsushima (9.7M) and Helldivers 2 (12M). Probably also College Football and Black Myth Wukong (20M total at least) https://t.co/mef29jNMxO via @VentureBeat
Sony Acknowledges, Explains Concord’s Failure, And Future Changes via @forbes https://t.co/pbTYGAjhrH https://t.co/FRmDgLmVCG
#Sony $SONY shares are trading higher after reporting better-than-expected Q2 financial results and raising FY24 revenue outlook. - Revenue: $19.52B vs $19.62B - EPS: $0.37 vs $0.27 https://t.co/8qI9JjgkBL