Sony Pictures Networks India (SPNI), which operates 26 TV channels and the SonyLIV streaming platform, has reported a consolidated net profit of Rs 1,042 crore for the fiscal year that ended in March 2023, an 11% increase from the previous year. However, its revenue slipped 0.66% to Rs 6,684 crore, while its ad revenue dropped by 11%.
Sony Group Corp. has raised its operating profit forecast for the full fiscal year to 1.04 trillion yen ($9.2 billion), as strong movie and music businesses are expected to make up for slower-than-expected growth in its electronics product segment.