(Bloomberg) — Sony Group Corp.’s stock surged its most in about 18 months after games like Helldivers 2 helped lift net income past estimates during the March quarter.
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The Japanese company’s net sales also beat expectations. That outweighed an annual revenue outlook that missed estimates, and signs of waning demand for PlayStation 5 hardware.
CNBC’s David Faber also reported that Sony has begun to rethink its joint bid with Apollo Global Management Inc. for Paramount Global, which weighed on stock sentiment. It had yet to sign a nondisclosure agreement, he said, easing fears about a hasty bid without financing.
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