Sony Q3 FY3/2024 Financial Results (Oct- Dec 2023): PS5 HW 8.2M, LTD 54.8M new forecast + SM2 at 10M

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Sony Q3 FY3/2024 Financial Results (Oct- Dec 2023) | GN&S sales up by 16% YoY, OI down by 26%; PS5 HW at 8,2m, SW at 89,7m, new forecast + SM2 at 10m

https://www.sony.com/en/SonyInfo/IR/library/presen/er/ Q3 sales Hardware - 8,2M (+15% YoY) Software - 89,7M (+4% YoY) Q1-Q3 Cumulative sales Hardware - 16,4M (+28% YoY) Software - 213,8M (+9% YoY) Spider-Man 2 sold through 10m units by February 4th, 2024 New forecast: Sales are...

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Q3 sales

Hardware - 8.2M (+15% YoY)
Software - 89.7M (+4% YoY)

Q1-Q3 Cumulative sales

Hardware - 16.4M (+28% YoY)
Software - 213.8M (+9% YoY)

Spider-Man 2 sold through 10M units by February 4th, 2024

New forecast:

Sales are expected to be lower than the November forecast, mainly due to an expected decrease in sales of hardware resulting from lower unit sales, partially offset by the impact of foreign exchange rates and an expected increase in sales of non-first-party titles including add-on content. Operating income and Adjusted OIBDA are expected to remain unchanged from the November forecast mainly due to the impact of the above-mentioned increase in sales of non-first-party titles, substantially offset by an expected increase in losses from hardware mainly due to promotions.

New Hardware forecast is 21M (down from 25M), hardware sales expected to be at 4.6M in Q4.

Outlook for the next FY