Sony Pictures Home Entertainment explodes half-year sales by 57% to $422 million

Spider-Man: No Way Home (Photo courtesy of Sony Pictures)

Eric Gruenwedel

Sony Pictures Home Entertainment on Nov. 1 reported revenue of $140 million for the second quarter (ended September 30), an increase of nearly 8% over revenue of $130 million for the same period last year. For the half of fiscal 2022, revenue from digital and physical films and television shows exceeded $422 million, up 57.4% from $268 million in revenue for the same period last year.

The studio continues to be led by the retail releases of Spider-Man: No Way Home — the best-selling packaged media release in 2022 — Ghostbusters: Life After Death, Unexplored, Venom: Let there be carnageand diseaseamong other.

Remarkably, home entertainment revenue exceeded box office receipts for Sony Pictures Entertainment, which surpassed $332 million in six months. That was a 146% increase from box office earnings of $135 million for the same period in 2021.

Top box office releases for the quarter included fast train ($233 million), Where the crayfish sing ($132 million), Queen ($44 million) and The invitation ($32 million). That compares to last year’s releases Escape Room: Tournament of Champions ($53 million), don’t breathe 2 ($50 million) and show me the father ($2 million).

Streaming services revenue, which includes licensing revenue from third-party streaming SVOD/AVOD platforms, topped $320 million, down nearly 25% from revenue of $431 million in the year-ago quarter. For the fiscal half-year, streaming revenue reached $671 million, down 13% from revenue of $771 million for the same period in 2021.

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