Kosaku Naruoka

Sony Group’s third-quarter web revenue fell 5.6% from the identical interval final yr as a result of weaker earnings in its film enterprise, it stated Thursday.

Japanese electronics and leisure firm 6758.TO stated its web revenue for the quarter ended December 31 fell to 326.81 billion yen ($2.53 billion) from 346.16 billion yen in the identical interval final yr. This surpassed his ¥282.63 billion estimate obtained in an analyst ballot by Fast.

Third quarter income elevated 13% year-on-year to three,413.0 billion yen.

Working earnings of the film enterprise decreased from 149.37 billion yen in the identical interval of the earlier yr to 25.445 billion yen. Earnings.

All different section working earnings elevated, pushed by earnings from the corporate’s gaming, imaging, sensing and monetary companies.

Sony lowered its earnings forecast for the fiscal yr ending March, however raised its web revenue forecast and raised its gaming enterprise working revenue forecast.

The corporate expects income to develop 16% to 11.5 trillion yen. The corporate expects web revenue to fall 1.4% to his 870 billion yen.

Please contact kosaku Narioka at kosaku.narioka@wsj.com.

-Kosaku Naruoka

(Closed) Dow Jones Newswire

02-02-23 0237ET

Copyright (c) 2023 Dow Jones & Firm, Inc.

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