Sony Pictures Profits Climb 56% to $281 Million, Lifting Group Income in Third Quarter
variety.comPatrick Frater Asia Bureau Chief Operating income at the ‘Pictures Division’ of Sony Group Corporation climbed by 56% to hit $281 million in the October to December 2023 quarter, the Japanese company reported on Wednesday.
Sales increased from $2.35 billion to $2.47 billion in the latest period. The division spans movie production and distribution, television networks and TV content production.
The operating income figure compares with $179 million in the same quarter of 2022. The Pictures Division result is also a quarter-on-quarter improvement.
In the July to September 2023 period, sales revenues were $2.77 billion, with operating income at $204 million. At the group level, Sony reported a 22% surge in quarterly sales for the October to December period – the third quarter in its ongoing financial year.
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