Sony reports a 44% profit surge on its blockbuster 'Spider-Man' movie and lifts its outlook
Summary
Japanese electronics and entertainment company Sony has reported a 44% surge in its profit in July-September, largely on the box office success of its movie 'Spider-Man: Brand New Day', The Philadelphia Inquirer and ABC News reported on Thursday 5 November. Sony Group Corp. raised its profit outlook after a string of entertainment hits propelled better-than-expected results in the September quarter, Bloomberg reported, and The Verge wrote that Sony's net profits climbed to 449.60 billion yen (about $2.84 billion) for the three months ended September, largely driven by its PlayStation business and the blockbuster success of Spider-Man: Brand New Day.
Latest: Sony reported a 44% surge in its profit in July-September, largely on the box office success of its movie 'Spider-Man: Brand New Day', The Philadelphia Inquirer and ABC News reported, Bloomberg writing that Sony raised its profit outlook after a string of entertainment hits propelled better-than-expected results in the September quarter.
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How it unfolded
Thursday 5 November
Sony reported a 44% surge in its profit in July-September, largely on the box office success of its movie 'Spider-Man: Brand New Day', The Philadelphia Inquirer and ABC News reported, Bloomberg writing that Sony raised its profit outlook after a string of entertainment hits propelled better-than-expected results in the September quarter.
- 06:00The Verge Playstation and Spider-Man performance see Sony profits surge
- 05:44ABC News Japan's Sony reports a hefty profit on the back of its blockbuster 'Spider-Man' movie
- 04:44The Philadelphia Inquirer Japan's Sony reports a hefty profit on the back of its blockbuster 'Spider-Man' movie
- 01:39Bloomberg Sony Lifts Outlook After Spider-Man and PlayStation Fuel Growth