Sony Pictures Entertainment recorded $202 million in operating profit for the three months ended September 30, repping a 30% slide from the comparable period last year (-13% on a yen basis). The co…
Sony has increased its full-year outlook for SPE, eyeing 115 billion yen . Overall, the media and electronics giant increased forecasts, primarily due to the weakness of the yen.
Sony Corporation reported group revenues of 2.752 trillion yen , to best analyst predictions, and an 8% hike in operating profits to 344 billion yen for the quarter. From Tokyo this morning, Sony cited increases in Music, Imaging & Sensing Solutions and Financial Services but also noting a significant decrease in Games & Network Services.
The latter saw a 49% drop in operating income, down to 42.1 billion yen . The corporation cited as culprits increased costs for software development, expenses associated with acquisitions , the negative impact of foreign exchange rates and a decrease in sales of non-first-party titles including add-on content.console in the quarter, on par with 2021’s same frame, and counts 45.4 million PlayStation Plus subscribers, a slight drop from the previous quarter.
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