Operating profit slid 31% to $1.8 billion in April-June, in line with estimates and also pulled down by lackluster results from its financial business which had benefited from a property sale in the same period a year earlier.
Japan’s Sony logged a hefty drop in first-quarter profit, hurt in part by a weaker performance from its movie division but the entertainment giant remained hopeful about prospects for a record year for its PlayStation 5 console.
Operating profit slid 31% to $1.8 billion in April-June, in line with estimates and also pulled down by lackluster results from its financial business which had benefited from a property sale in the same period a year earlier.
Profit at its movie division plunged by two-thirds due to lower sales for television content as well as higher marketing costs after the company released more films in theaters.
