Sony Group Corp (NYSE: SONY) reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (¥3.75 trillion), beating the consensus of $24.62 billion.
Adjusted EPS of $1.99 beat the consensus of $1.65. The stock price gained premarket.
Segments & Profits: Game & Network Services (G&NS) revenue increased 16% Y/Y to ¥1.4 trillion, and operating income declined by 26% Y/Y to ¥86.1 billion.
Music revenue rose 16% Y/Y to ¥422.1 billion, and operating income increased by 21% Y/Y to ¥76.1 billion. Pictures revenue increased by 10% Y/Y to ¥366.3 billion, and operating income improved by 64% Y/Y to ¥41.6 billion.
Entertainment, Technology & Services (ET&S) revenue fell by 2% Y/Y to ¥735.7 billion, and operating income ...