Sony’s profit rose 6.5% in the last quarter on robust demand for its video games, films and music, the Japanese electronics and entertainment company said Wednesday. Tokyo-based Sony Corp.
’s profit in the April-June quarter totaled 231.6 billion yen ($1.6 billion), up from 217 billion yen, it said.
Quarterly sales edged up 1.6% to 3 trillion yen ($20 billion) as Sony's entertainment business remained strong, although its financial services business lagged. Sony officials said global demand for its animation offerings like “Demon Slayer” remained strong, including on streaming services like Amazon Prime.
Hiroki Totoki, chief financial officer and president, promised to leverage Sony’s powerful offerings that he said are rooted in the diversity of its workers and creators. The partnership with Crunchyroll, a U.S.
video streaming service, was proving extremely successful, according to Sony. Sony, which also makes digital cameras and TVs, raised its full year forecast through March 2025 by 1% to 980 billion yen ($6.7 billion).
That's better than the forecast it gave in May, which predicted a 925 billion ($6.3 billion) profit. Responding to reporters’ questions on Sony’s interest in acquiring Paramount, denied it, saying a deal of that size was too risky.
Last month, Paramount announced it was merging with Skydance, based in Santa Monica, California, which helped produce major Paramount hits like Tom Cruise’s “Top Gun: Maverick” and “Mission Impossible” ser.
