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Sony Earnings Surge on Gaming and Music, Pictures Take a Hit

Sony Group Corporation turned in a strong third quarter for 2024, riding high on gaming and music while its film unit faced headwinds. The tech and entertainment conglomerate posted consolidated revenue of JPY4.41 trillion ($28.6 billion), an 18% surge year-over-year, driven by robust gains in PlayStation sales and streaming music revenue. Operating income landed at $3.05 billion, a modest 1% bump over the previous year. Net income attributable to Sony’s shareholders rose 3% to $2.43 billion, re...

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