Browsing: profits

TL;DR: Goldman Sachs analyst Minami Munakata estimates Sony’s January 2028 phase-out of game discs could lift PlayStation’s Game & Network Services operating margin by about 3% in FY28 (Apr 2028-Mar 2029), potentially restoring margins toward the 12%+ levels seen during COVID-19. Voice: DefaultSpeed 0:00 / 2:43 Use left and right arrow keys to seek audio.

A 37% profit surge sounds like a victory lap. Strip away the confetti, and the picture gets more complicated. Sony’s Game and Network Services segment posted ¥202 billion in operating income for Q1 FY2026, up from ¥148 billion a year earlier, according to Sony’s Q1 FY2026 earnings materials. The primary engine behind that jump? US…