Sony Pictures Home Entertainment Ups Nine-Month Sales 28% to $567 Million

Spider-Man: No way home

Eric Groenedel

Sony Pictures Home Entertainment revealed on February 2 that it generated $567 million in revenue for the nine-month fiscal period ending December 31, 2022. This is more than 28% of the $442 million in revenue over the prior year period. Third quarter revenue decreased approximately 17% to $145 million from $174 million in the same period last year.

Spider-Man: No way home It was the studio’s best-selling retail release in 2022 following the film’s electronic sale release on March 22, 2022, and its subsequent boxed media release on April 12, 2022.

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No going home It was the highest-grossing theatrical release of 2021 and remains the 7th highest-grossing theatrical release of all time with over $1.92 billion in ticket sales.

Overall, Sony Pictures’ operating income fell 83% to $197.4 million from operating income of $1.16 billion during the prior year period. Revenue fell 28% to $2.57 billion from $3.58 billion in the same period last year.

Sony attributed the lower operating income/revenue to unfavorable comparisons with the year-ago quarter, which included Spider-Man: No way home And Venom: Let there be massacre Revenue, among other releases.

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

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