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Sony Pictures Entertainment Reports Q3 Operating Loss

Jan 26, 2006  •  Post A Comment

Sony Pictures Entertainment, the film and television division of Japanese conglomerate Sony, reported Thursday that it suffered an operating loss and a slight dip in revenue for the fiscal third quarter.

For the three months ended Dec. 31, revenue for SPE fell 0.4 percent to 202.2 trillion yen ($1.7 billion), and the company posted an operating loss of 378 million yen ($3.3 million).

Overall, Sony reported a 10 percent rise in revenue to 2.4 trillion yen ($20.7 billion), and an 18 percent increase in profit to 168.9 billion yen ($1.4 billion).