Sony Pictures Home Entertainment increases nine-month sales by 28% to $567 million

Spider-Man: No Coming Home

Erik Gruenwedel

On February 2, Sony Pictures Home Entertainment revealed that it generated $567 million in revenue for the nine-month fiscal year ended December 31, 2022. This represents an increase of more than 28% from revenues of $442 million. dollars in the prior year period. Third-quarter revenue fell nearly 17% to $145 million from $174 million a year earlier.

Spider-Man: No Coming Home was the studio’s best-selling retail release of 2022 following the film’s electronic release on March 22, 2022 and subsequent boxed media release on April 12, 2022.

No coming home was the highest-grossing theatrical release of 2021 and remains the highest-grossing theatrical release of all time with over $1.92 billion in ticket sales.

Overall, Sony Pictures operating profit fell 83% to $197.4 million from operating profit of $1.16 billion in the prior year period. Revenue fell 28% to $2.57 billion from $3.58 billion a year earlier.

Sony attributed the decline in operating profit/revenue to unfavorable comparisons to last year’s quarter, which included Spider-Man: No Coming Home And Venom: let there be carnage income, among other versions.

Sony’s highest-grossing theatrical release of 2022, Unexploredgenerated $401.7 million in worldwide revenue, including $148.6 million on North American screens.

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