Entertainment Sony Patrick

Sony’s Entertainment Revenues Climb, but Group Quarterly Profits Tumble

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variety.com

Patrick Frater Asia Bureau ChiefJapanese electronics and entertainment conglomerate, Sony Group saw revenues rise in its music, games and pictures units in the second quarter of its current financial year.

But group profits were halved from JPY459 billion to JPY283 billion ($2.50 billion at current exchange rates).The company reported its figures for the three months from July to September on Thursday afternoon local time.

Group sales increased by 13% to JPY2.37 trillion. Income before taxes dropped 54% and earnings per share fell to JPY170.26, compared with JPY367.08 in the equivalent quarter last year.In recent months, Sony has completed its acquisition of specialty anime streamer Crunchyroll and announced the proposed purchase of.

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