Sony Stock Jumps Pre-Market As Profit Booms Nearly 70%: Retail Buzz Builds

U.S. shares of Sony Group Corp. ($SONY) surged over 7% pre-market Friday after the company reported a 69% jump in fiscal second-quarter (Q2) profit, driven by strength in its gaming and imaging divisions. 

Sony posted a profit of 338.5 billion yen (about $2.21 billion) on revenue of 2.91 trillion yen, up 3% year-over-year. 

The earnings per share (EPS) of 55.86 yen beat the consensus estimate of 39.84 yen, according to FactSet.

The company saw robust performance in its Game & Network Services and Imaging & Sensing Solutions segments. 

Operating profit for the imaging business nearly doubled to 92.41 billion yen due to strong demand for image sensors, though Sony lowered its full-year sales and profit outlook for this segment. 

Despite selling only 3.8 million PlayStation 5 units this quarter — down from 4.9 million a year ago — Sony raised its annual profit forecast for the game division to 355.0 billion yen from 320.0 billion yen.

Sony also launched its upgraded PlayStation 5 Pro this week, ahead of the holiday season, offering enhanced performance over the original 2020 model. 

The company revised its revenue forecast for the fiscal year ending March 2025, now expecting a 2.4% decline to 12.71 trillion yen, slightly better than the previously forecasted 3.2% drop. 

However, it maintained its outlook for a modest 1% increase in net profit to 980.0 billion yen.

On Stocktwits, Sony was one of the top 30 trending tickers as of 7:30 am ET, reflecting heightened retail interest. 

Still, Sony’s U.S.-listed shares are down over 2% year-to-date. Meanwhile, Tokyo-listed shares of the firm ended 1.2% higher on Friday.

For updates and corrections, email newsroom@stocktwits.com

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