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Tuesday, May 28, 2024

Sony Photos Leisure Sees Full-Yr Earnings Fall 10%

Sony Photos Leisure has seen working earnings fall practically 10% for the fiscal 12 months ended March 31, 2024.

The corporate’s working earnings was $808M in greenback phrases in contrast with $894M for the comparable interval a 12 months earlier than, which was down 9.6%. Revenues crept as much as $10.31B from $10.14B for FY.

Sony stated the Hollywood strikes had impacted its Photos section, which contains TV manufacturing, movement footage and media networks (together with streaming).

Whereas in 2023 Sony had suffered from an absence of latest theatrical product, this 12 months the elevated quantity and progress at streamer Crunchyroll helped to offset a lower in sequence delivered because of the labor motion and decrease catalog licensing of movement footage.

On the movement footage facet, full-year revenues had been $3.74B, up barely on the earlier 12 months, however TV

Within the fourth quarter, revenue was $208M, down from $281M. Gross sales edged as much as $2.74B from $2.71B the earlier 12 months.

Total, Sony

Extra follows…

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