5 Most Profitable Gaming Stocks Now

3. Sony Group Corporation (NYSE:SONY)

Net Income TTM: $6.7 billion

Sony Group Corporation (NYSE:SONY) is a Japanese multinational corporation that is involved in the manufacturing of electronics and has a presence in the entertainment industry as well. One of its notable subsidiaries is Sony Interactive Entertainment, which develops and produces the popular PlayStation gaming consoles. Sony Interactive Entertainment has released several iterations of the console, with the latest being the PlayStation 5, launched in 2020. Its PlayStation brand dominates the gaming console market, with the presence of Microsoft’s Xbox as its main competitor. Sony Interactive Entertainment also produces exclusive game titles, such as The Last of Us and God of War series, known for their innovative gameplay, storytelling, and graphics.

On February 2nd, 2023, Sony Group Corporation (NYSE:SONY) announced its financial results for the third quarter of the fiscal year 2022, reporting revenue of $26.51 billion, missing estimates by $1.46 billion.