PlayStation Business Boosts Sony's Earnings
Thanks to the good numbers for the first half of the year, Sony is starting the second half of its fiscal year on an optimistic note and raising its forecasts. The main driver of this growth is the Games & Network Services division, i.e. the PlayStation business. However, not every area of this segment is growing.
Business is going well at Sony. This is confirmed by the figures for the second fiscal quarter and the first half of the year, which the group has now presented. Excluding the Financial Services business, consolidated revenues for the second fiscal quarter (July to September) rose 9 percent to 2.97 trillion yen (18.11 billion euros). Operating profit rose 57 percent to 389.4 billion yen (2.37 billion euros), while adjusted EBITDA rose 32 percent to 534.7 billion yen (3.26 billion euros). Cumulatively with the first quarter, Sony shows a similar development for the first half of the fiscal year, with growth of 10 percent in revenue, 43 percent in operating profit and 20 percent in adjusted EBITDA.