The earnings call highlighted Sony's robust financial performance, particularly in the Games and Network Services and Music segments, where record-breaking revenues and user engagement were noted. However, challenges in the Pictures and ET&S segments, along with a decline in operating income in Financial Services, indicate areas that require attention. Overall, the call reflects a strong performance with some areas needing strategic focus.

Company Guidance

During the Sony Group Corporation fiscal year 2024 third quarter earnings call, several key financial metrics were discussed. Consolidated sales excluding the financial services segment increased by 7% year-on-year to ¥3,695.7 trillion, while operating income rose 10% to ¥423 billion. Including the financial services segment, consolidated sales saw an 18% increase year-on-year, reaching ¥4,409.6 trillion, with operating income increasing by 1% to ¥469.3 billion, marking a record high for the third quarter. The company revised its full-year forecast, with consolidated sales expected to reach ¥13.200 trillion, a 4% increase from the previous forecast, and operating income revised upward by 2% to ¥335 billion. Additionally, the PlayStation segment showed strong performance, with a 16% increase in sales year-on-year to ¥1,682.3 billion and a 37% rise in operating income to ¥118.1 billion. The Music segment also experienced growth, with sales increasing 14% to ¥481.7 billion and operating income rising 28% to ¥97.4 billion. The company's financial services revenue for the quarter increased by ¥406.7 billion year-on-year to ¥718.5 billion.

Record-Breaking Financial Performance

Consolidated sales excluding the financial services segment increased by 7% year-on-year, reaching ¥3,695.7 trillion, while operating income increased 10% to ¥423 billion. Including the financial services segment, sales increased 18% year-on-year to ¥4,409.6 trillion, with operating income reaching a record high for the third quarter at ¥469.3 billion.

Games and Network Services Growth

Sales for the Games and Network Services segment increased 16% year-on-year to ¥1,682.3 billion, with operating income increasing 37% to ¥118.1 billion, marking a record high for the third quarter. The number of monthly active users on PlayStation platforms increased by 5% year-on-year, reaching 129 million accounts, the highest in PS history.

Music Segment Performance

Music segment sales increased 14% year-on-year to ¥481.7 billion, with operating income increasing 28% to ¥97.4 billion. Streaming revenues increased 9% year-on-year on a U.S. dollar basis.

Strategic Alliances and Acquisitions

Sony became the largest shareholder of Kadokawa through a capital and business alliance, aiming to create new value by combining Kadokawa's strengths in creating original IP with Sony's technologies and global expansion capabilities.

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Sony Group (SONY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SONY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 25, 2025	2024 (Q4)	0.15 / -	0.199	―	―	―
Feb 13, 2025	2024 (Q3)	0.31 / 0.41	0.394	3.30% (+0.01)
Nov 08, 2024	2024 (Q2)	0.27 / 0.36	0.214	69.63% (+0.15)
Aug 07, 2024	2024 (Q1)	0.21 / 0.26	0.244	5.74% (+0.01)
May 14, 2024	2023 (Q4)	0.14 / 0.20	0.151	31.79% (+0.05)
Feb 14, 2024	2023 (Q3)	0.35 / 0.39	0.412	-4.37% (-0.02)
Nov 09, 2023	2023 (Q2)	0.24 / 0.21	0.29	-26.21% (-0.08)
Aug 09, 2023	2023 (Q1)	0.21 / 0.24	0.268	-8.96% (-0.02)
Apr 28, 2023	2022 (Q4)	0.10 / 0.15	0.138	9.42% (+0.01)
Feb 02, 2023	2022 (Q3)	0.32 / 0.41	0.486	-15.23% (-0.07)

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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SONY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 13, 2025	$21.97	$23.19	+5.55%
Nov 08, 2024	$18.27	$19.91	+8.98%
Aug 07, 2024	$16.56	$16.86	+1.81%
May 14, 2024	$15.18	$16.19	+6.65%

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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