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Stock impact report

Sony's Music Lineup and Image Sensors Deliver Profit Beat [Yahoo! Finance Canada]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Most Read from Bloomberg The Tokyo-based company earned an operating profit of ¥455.08 billion ($3 billion) in the three months to September, up 73% and beating the average of analyst estimates of ¥335.3 billion. Sony is working to lower its reliance on the core PlayStation business segment, which is losing steam four years into the latest hardware generation. As one of the world's biggest music rights holders and publishers, Sony has benefited from the popularity of streaming services like Spotify. Spotify Technology SA's US-traded shares have more than doubled this year on optimism for sustained growth. Sony's music group also houses some of its smartphone games and anime publishing, with both seeing a surge in popularity outside Japan. The PlayStation platform had several hit titles in the September quarter, such as Sony's in-house Astro Bot and Game Science Interactive Technology Co.'s Black Myth: Wukong. But the company suffered a heavy blow with the flop of big-budget liv Show less Read more
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