Sony’s music operations came roaring back in the company’s fiscal third quarter ended Dec. 31, as recorded music and music publishing operations grew 13% on a yen basis and 17.6% on a dollar basis to 187.11 billion yen ($1.79 billion) from 165.66 billion yen ($1.52 billion) in the year-earlier period.
Warner Music Group Earnings: Streaming Boosts Label to Record Quarter
Streaming revenue was up 17.5%, but the label expects future growth to come from up-and-coming platforms like Roblox.