Sony Pictures Nearly Doubles Income in Q4 to $196 Million Driven by More Theatrical Releases
Sales rise 13% to $2.6 billion in the quarter but fell 10% for fiscal year 2023 due to strikes and lower licensing revenue
The post Sony Pictures Nearly Doubles Income in Q4 to $196 Million Driven by More Theatrical Releases appeared first on TheWrap.
Sony Pictures, a division of Sony Group, reported a near doubling of profit in the fourth fiscal quarter of 2023, on sales that increased 13.5% to $2.6 billion.
Here is a snapshot:
Q4 Operating Income: $196 million, up 98% from $99 million.
Q4 Sales: $2.6 billion, up 13.5% from $2.29 billion
FY 2023 Sales: $9.46 billion, about flat from $9.54 billion in FY 2022
The post Sony Pictures Nearly Doubles Income in Q4 to $196 Million Driven by More Theatrical Releases appeared first on TheWrap.