Sony lifts profit outlook as film revenue declines
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Sony’s film and television business reported a 13% fall in quarterly revenue, although operating profit rose, reflecting fewer television programme deliveries and weaker theatrical-release income. The result contrasts with stronger performance in Sony’s music division and overall group earnings, underlining how growth in streaming and other businesses is cushioning pressure on its screen entertainment operations.
Sony Pictures generated $1.978 billion in revenue in the quarter to 30 June, while operating income increased 20% to $156 million. Television production revenue fell 32% to $571 million and theatrical revenue dropped to $30 million from $132 million a year earlier, although Crunchyroll grew through paid-subscriber additions; it had more than 21 million subscribers at the end of March. Group revenue rose 8% to ¥2.837 trillion ($17.8 billion), net income rose 32% to ¥342.2 billion ($2.15 billion), music revenue increased 21%, and PlayStation sales were flat while operating income rose 37%, aided by US tariff refunds.
- Sony Pictures revenue fell as TV deliveries and cinema income weakened.
- Music growth and Crunchyroll subscriptions supported Sony’s wider results.
- Group net income rose 32%, despite flat PlayStation sales.
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