Sony profit jumps on 'Spider-Man: Brand New Day'; Nintendo earnings slide
SONY•Sony's second-quarter operating profit rose 45% to 622.3 billion yen, beating estimates, and it raised its full-year profit outlook by 9%. Nintendo's quarterly operating profit fell 16% to 73.9 billion yen, below estimates, while it maintained its full-year forecast.
1. Sony raises outlook
Sony reported second-quarter operating profit of 622.3 billion yen, up 45% and above the 505 billion yen average analyst estimate. The performance, which included a contribution from the hit movie “Spider-Man: Brand New Day,” led Sony to raise its full-year profit outlook by 9%. It also lifted its outlook for its chips and music divisions.
2. Nintendo profit falls
Nintendo's quarterly operating profit declined 16% to 73.9 billion yen, below analyst estimates, and sales also fell. The company maintained its full-year profit forecast and its outlook to sell 16.5 million Switch 2 units. President Shuntaro Furukawa said Nintendo was positioned to secure sufficient memory and was not considering additional price changes.
3. Memory pressures
Sony sold 2.6 million PlayStation 5 units during the quarter, down from 4 million a year earlier. Sony Chief Financial Officer Lin Tao said maintaining active user engagement would be key to supporting profitability as the company invests in its new platform. Nintendo investors have raised concerns about memory access and a lack of high-profile Switch 2 titles.
