Sony Music profits grow in Q2 as sales dip

Sony Music posted a $101m (£62.5m) operating profit in the three months to September 30, a 24% year-on-year rise.

Sales decreased 4.3% year-on-year (a 6% decrease on a constant currency basis) to $1.272bn (£787m) in the quarter.

The company blamed the revenue dip on ‘a recognition of digital license revenue in the same quarter of the previous fiscal year and the continued worldwide contraction of the physical music market’.

It said the jump in operating income was ‘primarily due to ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.


If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...