Electronics giant Sony Corp. has reported a fall in sales in the third quarter of its 2018 financial year for its music division SME. Despite a big rise in publishing revenue, a fall in revenue from recorded-music sales and visual media and platform more than offset the publishing gains.
- At constant exchange rates, Sony said there was a negative exchange rate impact of JPY0.1bn in the period and so at a constant currency measure, total sales were down 4.1%.
Features and Benefits
- Details the third-quarter financial results for Sony Music Entertainment.
- Explains the changes in different revenue streams and how the company performed in the 2018 calendar year.
Key questions answered
- What share of recorded-music sales were generated for Sony Music by streaming in the final quarter of 2018?
- What caused operating income for Sony Music to more than double in the quarter?
Table of contents
Mixed third quarter for SME
Streaming gains fail to offset the buy-to-own declines
EMI MP acquisition boosts music publishing revenue