Sony Beats Q3 Earnings Expectations, PS5 And Streaming Revenues Growth Prompts Outlook Raise
1. Sony's Q3 2024 sales grew 18% to $28.97 billion, surpassing estimates. 2. Game & Network Services revenue rose 16%, with operating income up 37%. 3. Music revenue increased 14%, driven by streaming and acquisitions. 4. PS5 unit sales increased from 8.2 million to 9.5 million year-over-year. 5. Sony raised fiscal 2024 sales outlook to $88 billion, above consensus.