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Sony Pictures Entertainment’s second-quarter profit hits $202 million; full-year forecast increases – deadline

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Sony Pictures Entertainment Operating profit for the three months ended September 30 was $202 million, down 30% (-13% in yen) from a year earlier. The company said second-quarter profit was hurt by a lack of new movies licensed from the digital streaming service and increased marketing costs to support the year’s theatrical releases.

However, as in 2021, the segment’s revenue rose to $2.44 billion (337.5 billion yen). In U.S. dollar terms, it was up 3%, while taking into account the yen, it was up 29%. Currency fluctuations weighed heavily on the data amid a stronger dollar and a weaker yen.

Compared to Q2 2021, SPE has a larger roster of movies in theaters in the past quarter, including sleeper hits where crayfish sing $132 million worldwide, Brad Pitt-Staler bullet train ($233 million worldwide) and critically acclaimed historical action drama Queen ($44 million).

Movies released in fiscal 2021 also brought in higher TV licensing and home entertainment revenue, while Sony said higher revenue from its anime streaming service, including the impact of its Crunchyroll acquisition.The latter publishes Dragon Ball Super: Superheroes Released domestically in August, it grossed $38.1 million.

Currently in theaters, Sony has a family portrait Lyle, Lyle Crocodile To date, the company has earned more than $50 million globally.For the rest of the year, it’s all war drama dedication starring Jonathan Majors Top Gun: The Maverickstarring glen powell and tom hanks a man named otto At Christmas.

Sony raised its full-year outlook for SPE, targeting 115 billion yen ($778 million). Overall, the media and electronics giant raised its forecast, mainly due to a weaker yen.

Sony Corp reported group revenue of 2.752 trillion yen ($18.6 billion), matching analysts’ best forecast, and operating profit for the quarter rose 8 percent to 344 billion yen ($2.33 billion). Sony this morning in Tokyo mentioned growth in music, imaging and sensing solutions, and financial services, but also noted a significant decline in gaming and web services.

The latter’s operating income fell 49% to 42.1 billion yen ($284.5 million). The company cited increased software development costs, expenses related to acquisitions (including Bungie), negative foreign exchange rates, and lower sales of non-first-party games, including additional content, as culprits.

The segment sold 3.3 million units game console 5 Consoles in the quarter, in line with the same frame in 2021, had 45.4 million PlayStation Plus subscribers, down slightly from the previous quarter. Officially released on November 9 Ares Ragnarok.



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