By Kosaku Narioka


Sony Group reported a rise in second-quarter net profit, supported by higher earnings from its game and image-sensor businesses.

The Japanese entertainment and electronics company said Friday that net profit climbed 69% from a year earlier to 338.50 billion yen, equivalent to $2.21 billion, for the three months ended September. That beat the estimate of Y254.0 billion in a poll of analysts by data provider Visible Alpha.

Second-quarter revenue grew 2.7% to Y2.906 trillion.

Growth in operating profit was led by its game, image-sensor and financial businesses.

Sony raised its revenue forecast for the fiscal year ending March 2025 but maintained its net profit projection.

Sony has spent billions of dollars in acquisitions over the past few years to boost entertainment content creation. Its entertainment businesses, such as games, music and movies, made up nearly 60% of overall revenue in its latest fiscal year, up from about 30% a decade earlier.

On Thursday, Sony started selling a new, beefier version of its PlayStation 5 console. The PS5 Pro offers faster rendering, enhanced details and other upgrades from the original, which made its debut in 2020.

Sony plans to spin off its insurance and online-banking unit and list the business in 2025 to focus on its core entertainment businesses.


Write to Kosaku Narioka at kosaku.narioka@wsj.com


(END) Dow Jones Newswires

11-08-24 0216ET