Sony Lifts Forecast and Offers Assurances About Memory Supply

Sony Group Corp. reported a surprise 22% improvement in profit over the holiday quarter, raising its full-year outlook on the back of solid demand for its entertainment offerings. The company also said it’s secured sufficient memory supply for its key PlayStation 5 business this year.

A slate of marquee games including Battlefield 6 and Call of Duty: Black Ops 7 from external publishers and Sony’s own Ghost of Yōtei bolstered the PlayStation business. Sony reported a rise in software sales to 97.2 million units, while its flagship PlayStation 5 sold 8 million consoles in the three months to December. The company did caution, however, that profitability of the wider games and networking division worsened due to rising hardware costs.