Sony Music Revenues Giddyup 23% On Strength of Beyonce, Streaming ...Middle East

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Boosted by double-digit growth in recorded streaming and helped by major releases from Beyoncé and Future & Metro Boomin, Sony Music said on Tuesday that total revenue grew 23% to 442 billion yen ($2.7 billion) during its fiscal first quarter, which ended June 30. Sony’s operating income improved 17% to 86 billion yen ($534 million) and adjusted operating income before depreciation and amortization (OIBDA) jumped 30% to 108 billion yen ($671 million). Adjusted OIBDA margin improved to 24.4%. Both of Sony’s music divisions — recorded music and publishing — posted similarly solid year-over-year gains during the peri

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Last updated : 07 August 2024 clock 05:00 PM

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Sony Music Revenues Giddyup 23% On Strength of Beyonce, Streaming ...Middle East

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