PlayStation sends Sony's accounts soaring: 23% increase in quarterly profit
Annual profit forecast raised to EUR 5.7 billion
2' min read
2' min read
Sony ended the quarter with a jump in earnings and raised its net profit forecast for fiscal year 2025-2026 due to strong results in the video games sector and a less severe than expected impact of US tariffs.
In the first three months of its fiscal year, which began in April, the PlayStation manufacturer reported a net profit of ¥259 billion (€1.5 billion), up 23% year-on-year.
This performance is explained by the 'solid momentum' of its video game business: the number of monthly active users in June and the total number of hours played on PlayStation consoles during the quarter both increased by 6% year-on-year, he said.
"The situation regarding US tariffs remains volatile and we intend to continue to monitor it and take measures to minimise its impact," Sony commented. However, the trade agreements reached with Washington, whose tariffs took effect today, have allowed Sony to lower its estimates of the costs it will incur.
"The impact of the US tariffs on our operating profit is estimated at around ¥70 billion ($407 million), a decrease of ¥30 billion from previous forecasts."
