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Playstation and Spider-Man performance see Sony profits surge

Playstation and Spider-Man performance see Sony profits surge
Key Points

Sony is enjoying a sharp profit spike in its latest quarterly financials, largely driven by its PlayStation business and the blockbuster success of Spider-Man: Brand New Day. According to the company's September earnings, Sony's net profits climbed to 449.60 billion yen (about $2.84 billion) for the three months ended September - a 44 percent increase compared to the 311.4 billion yen ($1.96 billion) it reported for the same period last year. Spider-Man: Brand New Day was a notable...

Sony is enjoying a sharp profit spike in its latest quarterly financials, largely driven by its PlayStation business and the blockbuster success of Spider-Man: Brand New Day. According to the company's September earnings, Sony's net profits climbed to 449.60 billion yen (about $2.84 billion) for the three months ended September - a 44 percent increase compared to the 311.4 billion yen ($1.96 billion) it reported for the same period last year.

Spider-Man: Brand New Day was a notable contributor, which released in July and became the third-highest grossing movie in history by earning $2.52 billion at the global box office. That's a huge boost …

Read the full story at The Verge.

Sony (ORG) Spider-Man (PERSON) New Day (EVENT)
Originally published by The Verge Read original →