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PlayStation Acquisitions May be More Likely as Sony Ramps Up Entertainment Investments Feb 3, 2021 16:13 EST Sony (NASDAQ:SNE) just delivered their financial results for the quarter ending December 31, 2020, and unsurprisingly, it was a good three months for the electronics and video game manufacturer. Sony’s Q3 revenue was $25.6 billion and net income was $3.5 billion, up 20 percent year-on-year. This was largely due to the release of the PlayStation 5 and the overall strength of their gaming business, which generated income of $743 million in Q3 alone. So, what is Sony going to do with all the extra cash they have kicking around? It seems they may be planning to do some shopping. In their Q3 earnings press release Sony says they plan to spend excess operating cash on investments in the “entertainment space.” They specifically say they will increase spending as part of their upcoming three-year mid-range plan compared to their previous mid-range plan.

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