SONY - Sony Had A Good Q4 Game But It Needs To Figure Out How To Evolve Beyond PlayStation | Benzinga
On Tuesday, Sony Group Corporation (NYSE: SONY) reported its fourth quarter results. Sony’s net profit grew from stronger earnings that were generated by its gaming and move business.
Fiscal Fourth Quarter And Fiscal Year Highlights
For the three months that ended in March, Sony reported revenue grew 13% YoY to 3.481 trillion yen, while net profit rose 34% YoY to 189.005 billion yen which is about $1.21 billion.
The gaming business reported that operating profit more than doubled to 105.98 billion yen, while the movie business followed with a nearly doubled operating profit of 30.67 billion yen.
For the fiscal year, Sony sold 20.8 million units of PlayStation 5, which is more than 19.1 million units it sold during the previous fiscal year. Like Microsoft Corporation (NASDAQ: MSFT), Sony annoucned it will be ...