SONY's Q1 Earnings & Revenues Rise Y/Y on Solid Demand Trends

Sony Group Corporation (SONY) reported first-quarter fiscal 2024 net income per share (on a GAAP basis) of ¥189.43 ($1.22) per share, increasing from ¥175.67 reported in the year-ago quarter. Adjusted net income came in at ¥231.6 billion compared with ¥217.5 billion in the prior-year quarter. Quarterly total revenues grew 2$19.3 billion). The upside resulted from healthy growth across G&NS, Music, Pictures, ET&S and I&SS segments, offset by a contraction in the financia ...