SONY - Sony Surpasses Expectations with Strong Q4 Sales Plans Stock Split And Stock Buyback | Benzinga
Sony Group Corp (NYSE: SONY) reported fiscal fourth-quarter 2023 sales growth of 14% year-on-year to $23.49 billion (3.48 trillion Japanese yen), beating the analyst consensus estimate of $19.20 billion.
EPS of $1.04 (153.60 yen) beat the analyst consensus estimate of $0.79. The stock price climbed after the print.
Segments & Profits: Game & Network Services (G&NS) revenue increased 2.2% Y/Y to ¥1.1 trillion, and operating income climbed 172.5% Y/Y to ¥106 billion.
Music revenue rose 23% Y/Y to ¥429.9 billion, and operating income increased by 17.9% Y/Y to ¥71.2 billion. Pictures revenue increased by 13.3% Y/Y to ¥406.7 billion, and operating income improved by 98% Y/Y to ¥30.7 billion.
Entertainment, Technology & Services (ET&S) revenue grew by 7.9% Y/Y to ¥532.7 billion, and operating income loss was ¥(6.4) billion versus ¥(33.0) ...