TOKYO -- Japan's Sony Group reported on Wednesday a net profit of 217 billion yen ($1.52 billion) for the April-June period, down 16.7% from the previous year, as acquiring U.S. gaming company Bungie for approximately 500 billion yen last July weighed on results.
Media & Entertainment
Sony Group's Q1 profit declines due to weighty investments
PlayStation maker faces growing pains in expanding entertainment business
Sony has so far announced the acquisition of nine overseas game studios, including Bungie, since June 2021. (Photo by Mizuho Miyazaki)
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