Sony lifts profit outlook as film revenue declines
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Sony has raised its full-year operating-income forecast by 8%, expecting stronger profitability from PlayStation, despite a 13% fall in Sony Pictures’ quarterly revenue. The results underline how growth in gaming and music is offsetting weaker television-production deliveries and theatrical revenue within the film and television business.
Sony Pictures generated $1.978 billion in revenue in the quarter to 30 June, while operating income rose 21% to $156 million; television revenue fell 32% to $571 million and theatrical revenue dropped from $132 million to $30 million. Group revenue increased 8% to ¥2.837 trillion ($17.8 billion) and net income rose 32%, as music revenue climbed 21% to ¥562 billion; PlayStation sales were flat, but operating income rose 37% to ¥202 billion, partly helped by US tariff refunds.
- Sony raises profit outlook despite weaker film and television revenue.
- Music growth and PlayStation profitability supported overall results.
- Sony Pictures revenue fell 13% in the June quarter.
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Sony is a Japanese entertainment and technology group with businesses spanning films, television, music, video games and consumer electronics. Sony Pictures is its screen-entertainment division, producing and distributing cinema releases and television programmes, while Crunchyroll is its subscription streaming service focused on Japanese animation.
The division’s results can change sharply depending on when films are released and when television shows are delivered to broadcasters or streaming services. Revenue is the money a business receives, while operating profit measures earnings from its main activities before items such as tax and interest.
Sony’s music business includes recorded music and music publishing, and its PlayStation business covers consoles, games and online services. Their performance matters because Sony’s different divisions can offset one another: stronger music, gaming or streaming income can support the wider group when film and television income is lower.
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Originally published by Variety as “Sony Pictures Revenue Drops 13% in June Quarter, Music Segment Sales Jump 21%”.