Sony's earnings call presented a mixed picture with strong sales growth in the G&NS and Music segments being offset by significant decreases in operating income and challenges in the Financial Services and EP&S segments.

Company Guidance

During the Sony Group Corporation's FY 2023 Q2 earnings call, key financial metrics were highlighted. The consolidated sales for the quarter rose by 8% year-on-year to JPY 2,828.6 billion. However, consolidated operating income fell by JPY 106.4 billion to JPY 263.0 billion, largely due to a JPY 64.3 billion decrease in the Financial Services segment. Adjusted EBITDA was down JPY 60.8 billion, reaching JPY 426.4 billion, while net income attributable to Sony Group Corporation stockholders declined by JPY 81.6 billion to JPY 200.1 billion. The full-year forecast was adjusted, with sales expected to reach JPY 12.4 trillion, an increase of JPY 200 billion from the previous forecast, and adjusted EBITDA anticipated to rise to JPY 1.785 trillion. In the Game & Network Services segment, PS5 hardware unit sales for the quarter were 4.9 million units, with a target of 25 million units for the fiscal year. Additionally, the Music segment saw a 14% year-on-year increase in sales to JPY 408.7 billion, and the Picture segment reported an 18% rise in sales to JPY 399.6 billion. The EP&S segment experienced a 9% decrease in sales, while the I&SS segment saw a modest 2% increase. The Financial Services segment's revenue significantly decreased by 42% to JPY 103.9 billion.

Consolidated Sales Growth

Consolidated sales for the quarter were JPY 2,828.6 billion, an increase of 8% compared to the same quarter of the previous fiscal year.

G&NS Segment Performance

FY '23 Q2 sales increased significantly by 32% year-on-year to JPY 954.1 billion, mainly due to increased sales of PlayStation 5 hardware.

Music Segment Growth

FY '23 Q2 sales increased 14% year-on-year to JPY 408.7 billion due to increased streaming revenue and the impact of foreign exchange rates.

PlayStation 5 Success

PS5 hardware unit sales for the quarter were 4.9 million units, a 25% increase over the number of PS4 units sold in the same period.

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Sony Group (DE:SONA) Earnings, Revenues Date & History

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DE:SONA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 31, 2018	2018 (Q1)	- / 1.54	0.559	174.70% (+0.98)	―	―
Oct 30, 2018	2018 (Q2)	- / 1.16	0.874	33.04% (+0.29)	―	―
Feb 01, 2019	2018 (Q3)	- / 2.96	2.074	42.55% (+0.88)	―	―
Apr 26, 2019	2018 (Q4)	- / 0.60	-0.078	865.43% (+0.67)	―	―
Jul 30, 2019	2019 (Q1)	- / 1.08	1.536	-29.70% (-0.46)	―	―
Oct 30, 2019	2019 (Q2)	- / 1.35	1.163	16.23% (+0.19)	―	―
Feb 04, 2020	2019 (Q3)	- / 1.64	2.957	-44.66% (-1.32)	―	―
May 13, 2020	2019 (Q4)	- / 0.09	0.597	-84.35% (-0.50)	―	―
Oct 28, 2020	2020 (Q2)	- / 0.69	0.27	155.87% (+0.42)	―	―
Feb 03, 2021	2020 (Q3)	- / 0.55	0.327	67.06% (+0.22)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:SONA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 08, 2024	€16.90	€19.10	+13.02%
Aug 07, 2024	€15.61	€15.51	-0.63%
May 14, 2024	€14.12	€13.92	-1.41%
Feb 14, 2024	€18.05	€16.76	-7.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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