Sony Pictures Entertainment Third-Quarter Profits Dip 21% To $223M; Corporate Results Jump On Games & Music
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deadline.comRefresh for latest…: Third-quarter profits at Sony Pictures Entertainment slid to $223 million for the three months ended December 31, 2024.
That’s a nearly 21% decrease on a U.S. dollar basis versus the similar quarter the previous year. Adjusted OIBDA (Operating Income Before Depreciation and Amortization) came in at $308 million (-16.5%).
Sales, however, were up 6% compared to last year, landing at $2.619 billion. Compared to last quarter, operating income was up 80%.
Announcing results from Tokyo, Sony Corp had strong overall news with consolidated sales for the media and electronics giant up 18% versus last year, to 4,409.6 billion yen ($28.6 billion).
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