Sony Pictures Revenue Drops 13% in June Quarter, Music Segment Sales Jump 21%

By Todd Spangler

Todd Spangler

NY Digital Editor

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Sony Pictures Entertainment posted a sales decline for the June quarter, offset by growth at Crunchyroll, while Sony’s music segment saw revenue increase 21%. The PlayStation games unit had flat sales for the period and a 37% increase in operating income drive by U.S. tariff refunds.

Revenue for Sony Pictures for the quarter ended June 30 was $1.978 billion, down 13% year over, while operating income rose 20% to $156 million. The company said the sales decline was due to a decrease in series deliveries in television productions — down 32%, to $571 million — as well as lower revenues from theatrical releases ($30 million in the most recent quarter vs. $132 million in the year-earlier period). Higher revenue from anime streaming service Crunchyroll was mainly due to paid subscriber growth; as of the end of March, the service had more than 21 million paid subscribers, and Sony said it continued to add subs in the June quarter.

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