Despite the hit its film studio has taken at the hands of COVID-19, Sony Corp. on Wednesday announced it had topped analysts’ revenue estimates, thanks in large part to its gaming business, during its most recent quarter.
From July through September, representing the company’s second quarter, Sony reported revenue of $20.2 billion, beating the $18.47 billion in sales analysts had projected.
Sony’s gaming division accounted for the biggest chunk of sales, contributing $4.86 billion overall. That marked an 11% increase from the same time last year, while the division’s operating profits hovered near $1 billion. Even as Sony prepares for the launch of Playstation 5 next month, the company said PS4 still drove healthy sales during the quarter, as gamers flocked to games like “Ghost of Tsushima” to pass the time.