Business & Finance
Sony profit jumps 44% on Spider-Man: Brand New Day box office
Sony's July-September profit rose 44%, and it raised its full-year profit forecast to 1.3 trillion yen.
The short version
- Sony reported a 44% rise in July-September profit, largely driven by the box office success of Spider-Man: Brand New Day.[Associated Press · Variety]
- Sony Pictures Entertainment reported sales up 37% to $3.23 billion and theatrical revenue of $1.28 billion, an 11-fold increase from a year earlier.[Variety]
- Sony raised its full-year profit forecast through March 2027 to 1.3 trillion yen from 1.2 trillion yen.[Associated Press]
Key facts
- Sony Pictures Entertainment reported sales up 37% to $3.23 billion and operating income of $488 million for the quarter ended Sept. 30.[Variety]
- Sony Pictures Entertainment's theatrical revenue for the period was $1.28 billion, an 11-fold increase from the year-earlier period.[Variety]
- Sony reported a 44% rise in July-September profit, largely driven by the box office success of Spider-Man: Brand New Day.[Associated Press · Variety]
- Sony Group Corp.'s profit for the quarter totaled 449.6 billion yen ($2.8 billion), up from nearly 311 billion yen a year earlier.[Associated Press]
- Sony raised its profit forecast for the full fiscal year through March 2027 to 1.3 trillion yen from an earlier 1.2 trillion yen.[Associated Press]
What remains uncertain
- The reporting does not establish how long the film's box office contribution will continue to support Sony's results.[Associated Press · Variety]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- ‘Spider-Man: Brand New Day’ Spins Up Massive Numbers for Sony’s Quarterly EarningsVariety metered
- Japan’s Sony reports a hefty profit on the back of its blockbuster ‘Spider-Man’ movieAssociated Press · Wire: associated-press