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Sony Music Revenue Up 17% in Fiscal Year, Tops Guidance yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Sony's latest financials indicate that the company plans to make less profit per units sold on worldwide PlayStation 5 console sales due to regional mix.
Sony's Film and TV Profits Leap to $212 Million in Third Quarter Patrick Frater, provided by FacebookTwitterEmail Operating profits at the ‘Pictures Division’ of Japanese electronics and entertainment conglomerate Sony leaped to $212 million in the three months from October to December 2020. That compares with a $51 million operating profit in the equivalent period in 2019. The parent company enjoyed a 9% local currency gain in revenues, which hit JPY2.70 trillion in the period, which represents the third quarter of Sony’s 2020-2021 financial year. Net profits at the group level were up 62% to JPY 372 billion ($3.54 billion). More from Variety The group’s ‘Games & Network Services’ unit saw revenues surge from JPY632 billion ($6.02 billion) to JPY883 billion ($8.41 billion), delivering operating profits up from JPY53.5 billion ($509 million) to JPY80.2 billion ($763 million).