Sony Q3 earnings rise 10%, hints for the 2025 finance business listing: Sony’s net profit jumped 10% in the third quarter, which was better than expected. This was due to the success of its movies, music, and financial companies.
Last year, the company said it was looking into a possible split-off of its financial business. In October 2025, the company says it will go public with Sony Financial Group.
From October to December, the Japanese company made 463.3 billion yen ($3.08 billion), much more than the 428 billion yen 11 experts asked by LSEG thought it would make.
Sony invented the Walkman and has grown into a vast entertainment and technology company that makes movies, music, games, chips, and banking services.
Sony said it sold 8.2 million PlayStation 5s in the third quarter, which includes the busiest shopping time of the year.
That’s down from 7.1 million units sold during the same time last year.
“Marvel’s Spider-Man 2” came out on October 20, and the company released a miniature version of the system in November.
Nintendo raised its full-year Switch estimate to 15.5 million units last week, up from 15 million. This is part of the Kyoto-based company’s plan to make the old system last longer.
Microsoft, the company making Xbox, will discuss its games business on Thursday.
Sony shelved plans last month to join its Indian business with Zee Entertainment for $10 billion. The deal would have made Sony a huge TV company.
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