Sony Pictures Fiscal Q3 Revenue Down 12 Percent; Music and Games Divisions See Gains

Sony Pictures Entertainment’s operating income for its fiscal third quarter (ending December 31, 2025) was down 11 percent to $197 million from $223 million in dollar terms for the comparable period a year before, with Q3 sales down 12 percent to $2.295 billion from $2.619 billion.

SPE comprises the motion pictures division, television productions and media networks.

The motion pictures unit (which comprises sales from theatrical, home entertainment and streaming sales) saw Q3 revenue fall 7 percent to $792 million from $1.108 billion, for the comparable period a year before. SPE released five theatrical movies globally in the period, including Soul On Fire, Chainsaw Man – The Movie: Reze Arc, Nuremberg, SISU: Road to Revenge and Anaconda. In the same period the year before SPE benefitted from the strong box office performance of Venom: The Last Dance, which brought in $478 million in Q3 2024.

SPE’s TV unit saw Q3 revenue reach $718 million, down 10 percent from $797 million in the same period a year earlier. SPE’s major streaming television productions from the period included Fox’s Doc and Universal Basic Guys and Starz’s Outlander: Blood of My Blood. Broadcast staples Jeopardy! and Wheel of Fortune, and their various spinoffs, as well as ABC’s Shark Tank added to the TV unit’s revenues.

Third quarter revenue from media networks (that includes TV channels and digital channels) was up 10 percent to $775 million from $707 million. The company revealed that it ended 2025 with 38 television channels and 535.2 million total subscribers.

Third quarter operating income in the Game & Network Services unit (which includes PlayStation hardware and software sales and services income) grew 19 percent to 140.8 billion yen, primarily driven by a weaker yen and higher software sales. Although revenue for the segment dipped 4 percent in the same period and one cause for concern will be that PlayStation 5 sales were 8 million units down from 9.5 million units a year previously in what is usually the busiest quarter for hardware sales as it includes the run up to Christmas.

PlayStation Network monthly active users hit 132 million in Q3, up from 129 million MAUs from the same period the year before.

Sony’s music division had a stellar third quarter with 13 percent increase in sales (542.3 billion yen from 481.7 billion yen) and a 9 percent increase in operating income (106.4 billion yen from 97.4 billion yen). Sony’s best-selling music artists for Q3 2025 were Rosalia (Lux), Pink Floyd (Wish You Were Here), Tyler, The Creator (CHROMAKOPIA), Tate McRae (So Close To What), SZA (SOS), Tame Impala (Deadbeat), Bad Bunny (Debí Tirar Más Fotos), Michael Jackson (Thriller), Mariah Carey (Merry Christmas) and Depeche Mode (Memento Mori: Mexico City / Depeche Mode: M).