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Sony Pictures Entertainment Records $288M Q2 Profit; Full-Year Forecast Upped To $950M

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Sony Pictures Entertainment recorded $288M in operating profits for the three months ending September 30, repping a 7% dip from the same period last year.

Revenues in the division, however, were up 35% to $2.37B.Reporting its full fiscal 2021 second quarter earnings this afternoon in Tokyo, Sony Corp said overall operating income at the electronics and entertainment giant was 318.5B yen ($2.8B), up 1% over the same period last year.

Net income took a 54% hit, down to 213.1B yen (-18% when adjusted). Sales increased 13% to 2.37T yen thanks to a significant hike in the Games and Network Services, Pictures and Music segments.

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