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The PlayStation DualSense controller and PlayStation 5 console.
Jakub Porzycki | Nurfoto | Getty Images
Sony on Thursday reported a 29% decline in operating profit in its fiscal second quarter, as the Japanese electronics giant suffered from weakness in its image sensor business.
Here’s how Sony fared against LSEG consensus estimates in the September quarter:
- Revenue: 2.8 trillion yen ($18.5 billion) versus 2.87 trillion yen expected. That means an increase of 8% on an annual basis.
- Operating profit: 263 billion Japanese yen versus 304.4 billion yen expected. That means a decline of 29% year on year.
The results follow a fiscal first quarter in which Sony reported a 33% year-on-year revenue increase to 3 trillion Japanese yen, but a 31% year-over-year profit decline to 253 billion yen.
The company cited weakness in its financial services and photography division, which suffered a small setback due to strikes by the Writers Guild of America and other unions to protest the use of artificial intelligence to generate movie scripts.
This is a developing story and will be updated soon.
