Sony Posts Strong Q3 Profit And Outlook

Sony Group reported fiscal third-quarter operating profit rose 22% year-over-year to about $3.3 billion, with revenue of roughly $23.7 billion, beating estimates and prompting management to raise its full-year operating profit outlook by 8%. Strength across PlayStation—PS5 shipments surpassing 92.2 million—network services, music and film, along with a weaker yen, offset memory-chip cost pressures and reinforced the company's diversified revenue model.