Sony Shares Gain 2.5% as Profit Rises and Forecasts Improve

Sony shares reached 4,316 yen, or $27.37, after rising as much as 5.7% earlier in the session. The company announced the quarterly results after the market closed on Thursday. Net profit increased from a year earlier in the three months ended September.

Sony said the latest installment in its Spider-Man franchise grossed more than $2.5 billion worldwide. The film also supported other business lines, with sales of related game titles and streaming of its soundtrack contributing to the results. Operating profit rose across segments, led by the game and movie divisions. Game-business operating profit climbed 83%, driven by sales of in-house titles and network services.

For the fiscal year ending March 2027, Sony now expects revenue to rise 4.2% to Y13.000 trillion and net profit to increase 29% to Y1.330 trillion. Its previous forecasts were Y12.500 trillion in revenue and Y1.210 trillion in net profit.