Sony's Financial Performance in Q3

TOKYO (Reuters) – Sony reported a 73% increase in group operating profit for the July-September quarter, driven by strong sales in its game and network services.

The company, which operates in sectors such as music, movies, games, and chips, maintained its profit forecast of 1.31 trillion yen ($8.51 billion) for the fiscal year ending in March. This is largely consistent with the 1.34 trillion yen estimate from 24 analysts surveyed by LSEG.

Operating profit for the July-September quarter rose to 455.1 billion yen, up from 263 billion yen a year earlier.

Profit from its game and network service division nearly tripled to 138.8 billion yen. Sony launched an upgraded version of its flagship console on Nov. 7, featuring improved graphics.

> Note: ($1 = 152.8700 yen)