Sony’s Gaming Q1 revenue grows 12% YoY, ups FY24 projections

Sony has announced its financial results for Q1 FY24 (ending June 30, 2024), reporting higher operating income and sales than expected. Within its gaming and network services division which includes PlayStation, Sony’s sales totaled approximately $6.18 billion, up 12% from $5.51 billion in the same period the previous year.

As a result of this performance, the Japanese conglomerate has raised its projections for its current financial year overall and within its gaming operations. In May, Sony expected its gaming revenue to total about $30 billion in FY24. Now, it has raised these projections 3% to roughly $30.9 billion.