• Loading stock data...
Thursday, October 16, 2025

Sony Posts $2.57B Profit Behind PS5 Sales

  • Sony raised its financial outlook for the year with its latest earnings report on Wednesday.
  • The tech giant posted a record operating profit of $2.57 billion in Q1.
PlayStation/Design: Alex Brooks

Sony raised its financial outlook for the year up to $6.4 billion from $6.02 billion following its latest earnings report on Wednesday. 

The Japanese tech giant posted a record operating profit of $2.57 billion in its fiscal Q1, a 15% increase year-over-year.

The strong quarter was driven by Sony’s PlayStation 5 console — which has sold more than 10 million units globally since its November 2020 release, making it the fastest-selling console in the company’s history. Sony also sold about 500,000 PlayStation 4 units during the quarter, bringing its lifetime sales to 116.4 million.

In May, the company said it expects to sell 14.8 million PS5 units in the fiscal year ending in March 2022.

Sony’s Game & Network Services division reported $5.6 billion in first-quarter sales, a 9.7% jump year-over-year. TVs, cameras, music, and movies also saw increased sales.

Sony has been expanding its gaming reach through a series of acquisitions.

  • In June, it acquired Finnish video game developer Housemarque, the studio behind PS5 hit “Returnal.”
  • Last month, it bought Netherlands-based Nixxes Software to strengthen PlayStation Studios.

There’s an urgent need for more blockbuster first-party titles like recent hits “Spider-Man: Miles Morales” and “Ratchet & Clank: Rift Apart.”

Sony reported 63.6 million games sold in Q1, down from 91.4 million in the same period a year prior.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL’s New Headsets Are Designed to Survive Coach Tantrums

New NFL coaching headsets underwent “extensive drop testing.”

Electronic Arts’ Layoffs Signal Ongoing Evolution, Struggles

The company is set to make a second major round of staff cuts in the last year.
Sony-Playstation-Demo-Booth

Sony to Lay Off 900 From PlayStation Team After Missed Sales Target

Cuts come amid a tough stretch for the gaming industry.
cricket

Zee-Sony $10B Merger Approved, Spotlight on Cricket Broadcasting

Combined entity expects to be formidable bidder for BCCI rights

Featured Today

May 25, 2025; Indianapolis, Indiana, USA; Derek Jeter walks the red carpet on Sunday, May 25, 2025, ahead of the 109th running of the Indianapolis 500 at Indianapolis Motor Speedway

The Players’ Tribune Is Still Kicking 11 Years Later

Founder Derek Jeter is still closely involved in the publication.
Las Vegas Aces center A'ja Wilson (22) celebrates with her teammates after her last second shot to take the lead 90-88 against the Phoenix Mercury in Game 3 of the WNBA Finals at Mortgage Matchup Center in Phoenix on Oct. 8, 2025.
exclusive
October 10, 2025

Standoff Over WNBA’s Future Has Dominated Finals

CBA negotiations have stolen the spotlight from the Aces’ dominant performance.
Paul Cartier
October 5, 2025

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.

Thunder Favored, but Bettors Backing Pacers Big in NBA Finals

The most bet-on exact series outcome is the Thunder winning in five.
Fanduel
March 4, 2025

FanDuel Retains Sports Betting Crown With $14B in 2024 Revenue

The FanDuel parent company posts big increases in revenue and net income.
May 8, 2025

FanDuel Misses Projections As Betting Favorites Dominate 

FanDuel is hit by customer-friendly betting outcomes during March Madness.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
February 20, 2025

Americans Bet $148 Billion on Sports in 2024, Up 23.6%

Both overall handle and revenue rose by more than 20% last year.
DraftKings app
February 14, 2025

Lawsuit Says DraftKings VIP Program ‘Preyed On’ Gambling Addicts

The company’s being sued for negligence and intentional infliction of emotional distress.
August 20, 2024

Beloved ‘Backyard Sports’ Brand Says It Will Relaunch After Decade Hiatus

“Backyard Baseball” was a turn-of-the-century computer hit. 
DraftKings
August 2, 2024

DraftKings Announces Consumer Tax Starting Next Year

The company’s stock fell 5% Friday morning.