FILE - A Sony logo is seen at the headquarters of Sony Corp. on May 10, 2022, in Tokyo. Profit at Sony surged 34% in the last quarter on strong sales of its video games, music and movies, the Japanese electronics and entertainment company said Tuesday, May 14, 2024.FILE - The Sony Pictures Plaza building is seen, Dec. 19, 2014, in Culver City, Calif.
Sony’s operating profit was hurt by its financial services segment, which is being partially spun off next year. Sony’s chief financial officer and president,“We hope to improve our profitability and build our resilience to an ever-changing business environment,” he said in an online presentation.but he confirmed that the company’s strategy “in general” was to build “synergies” that would leverage the intellectual property Sony has in games, music and movies.
Sony’s movies, music, video games and imaging solutions units did well in the past fiscal year. Paid subscription growth at Crunchyroll, a U.S. video streaming service, added to Sony’s bottom line.
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