Let's talk about Sony, the company that brought us the Walkman, the PlayStation, and that movie you probably regret buying on Blu-ray, "Pixels."

First things first: Sony just posted a shiny 10% jump in profits for the fiscal first quarter. That’s right, this morning they announced they raked in $1.9 billion. This figure not only beat the analysts’ predictions but also blew last quarter’s earnings by a nice margin.

So who do we have to thank for the good news? Beyoncé, of course. Her new album, “Cowboy Carter,” rode into town and lassoed a heap of revenue for Sony’s music division. If you’ve been living under a rock (or just trying to avoid yet another TikTok dance challenge), “Cowboy Carter” is the album with that never-ending chorus, “this ain’t Texas.” Love it or hate it, it’s sticking around longer than the last piece of gum under that desk in middle school.

But let's not ignore Sony's star quarterback—the PlayStation 5. Despite a slight dip in unit sales this quarter (2.4 million down from last year’s 3.3 million), the PS5 has sold over 61 million units in total. That’s right, 61 million! Apparently, the hype around “College Football 25” has kept gamers reaching for their wallets to relive their child glory days of playing Campus Legend on a fall Saturday afternoon.

Sony’s game and network services saw revenues climb to $5.8 billion, up 12% from last year. And while the hardware sales might have stumbled a bit, software and subscription services like PlayStation Plus picked up the slack. Because why buy a physical game when you can download it and still have to pay for Wi-Fi, right?

Now, while we’re all busy high-fiving Sony for their stellar quarter, there’s a wrinkle in the sheets: the yen. This mighty little currency has been weaker than my chubby cousin's willpower at a Golden Corral, which has helped Sony’s bottom line when converting those sweet foreign revenues back to yen. But analysts are warning that if the yen doesn’t hit the gym and bulk up, Sony might feel the squeeze.

You see, Sony makes a hefty chunk of its money overseas—from consoles to image sensors, and even entertainment licensing. A strong yen could make their products more expensive and less competitive abroad. So, keep an eye on those exchange rates.

Despite the potential currency snag, Sony has raised its outlook for the fiscal year. They now expect to hit $86.3 billion in sales and $8.9 billion in operating profit.

Stock.News does not have positions in companies mentioned.