TL;DR: Sony's PlayStation division achieved a 16% profit margin in Q1 FY25, driven by reduced Bungie acquisition costs, lower SG&A expenses, and increased earnings from third-party games and PS Plus.

Nio’s NIO fourth-quarter revenue grew 76% year on year, beating the high end of its previous guidance. Despite price competition, product mix optimization led to a 5% gain in vehicle pricing, which ...