Spider-Man: No Way Home
Sony Pictures Home Entertainment Ups Nine-Month Sales 28% to $567 Million
February 1, 2023
Sony Pictures Home Entertainment Feb. 2 disclosed it generated $567 million in revenue for the nine-month fiscal period ended Dec. 31, 2022. That’s up more than 28% from revenue of $442 million during the previous-year period. Third-quarter revenue declined nearly 17% to $145 million, from $174 million in the previous-year period.
Spider-Man: No Way Home was the studio’s top-selling retail release in 2022 following the movie’s electronic sellthrough release on March 22, 2022, and subsequent packaged-media release on April 12, 2022.
No Way Home was the top-grossing theatrical release in 2021 and remains the No. 7 all-time grossing theatrical release with more than $1.92 billion in ticket sales.
Overall, Sony Pictures operating income plummeted 83% to $197.4 million, from operating income of $1.16 billion during the previous-year period. Revenue dropped 28% to $2.57 billion, from $3.58 billion in the previous-year period.
Sony attributed the operating income/revenue decline to unfavorable comparisons with last year’s quarter, which included Spider-Man: No Way Home and Venom: Let There Be Carnage revenue, among other releases.
Sony’s top-grossing 2022 theatrical release, Uncharted, generated $401.7 million in global revenue, including $148.6 million across North American screens.