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Sony Pictures Entertainment Third-Quarter Profits Dip 21% To $223M; Corporate Results Jump On Games & Music
Sony Pictures Entertainment third-quarter profits slid 21% versus Q3 2023 while the corporation saw overall gains and increased its full-year forecast
In the Pictures segment, Sony Corp attributed the year-on-year swings in part to higher revenues from theatrical releases in the current fiscal year versus 2023. Sony’s biggest title during the third quarter of 2024 was Venom: The Last Dance which hit cinemas in late October and grossed $478 million globally. Sony attributed this to the impact of increases in sales from network services, non-first-party game software titles and a decrease in losses from hardware.
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