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Sony Group ( (SONY) ) has shared an update.
In its financial report for the third quarter of the fiscal year 2024, Sony Group Corporation announced a significant increase in sales and operating income, with sales reaching 4,409.6 billion yen, an 18% increase from the previous year. The growth was primarily driven by robust performance in the Gaming & Network Services (G&NS) and Music segments, despite a decrease in operating income in the Pictures and Financial Services segments. The effective tax rate also increased to 24%, impacting net income, which rose by 3% to 373.7 billion yen. The results reflect Sony’s strategic focus on its core entertainment segments, highlighting the company’s ability to leverage its diverse portfolio for sustained growth.
More about Sony Group
Sony Group Corporation operates in the electronics industry, providing a wide array of products and services, including consumer and professional electronics, gaming, entertainment, and financial services. The company is globally recognized for its innovation in technology and entertainment, with a strong market presence in gaming and music segments.
YTD Price Performance: 4.17%
Average Trading Volume: 3,394,172
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $133.6B
See more insights into SONY stock on TipRanks’ Stock Analysis page.
