Sony’s Entertainment Revenues Climb, but Group Quarterly Profits Tumble

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Sony’s Entertainment Revenues Climb, but Group Quarterly Profits Tumble
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Japanese electronics and entertainment conglomerate, Sony Group saw revenues rise in its music, games and pictures units in the second quarter of its current financial year. But group profits were …

Group saw revenues rise in its music, games and pictures units in the second quarter of its current financial year. But group profits were halved from JPY459 billion to JPY283 billion .

Sony’s ‘pictures division,’ which straddles feature film, television production and channel operations, saw revenues increase by 35% from $1.76 billion in the second quarter of last year, to $2.37 billion in the three months to Sept. 2021. Operating profits fell 7% from $309 million to $288 million.

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