PlayStation

Sony Group reported a strong Q2 operating profit exceeding expectations, driven by music and imaging businesses, with a surprising drag from its animated movie, ‘KPop Demon Hunters.’ Operating profit rose 10% YoY, and revenue increased 5%. A share buyback of up to 100 billion yen was announced. The full-year outlook was revised upwards, projecting an 8% increase in operating profit. Despite robust sales in gaming, profitability slightly decreased. The picture business saw a profit contraction due to licensing the streaming rights of a highly successful film to Netflix.