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Sony Pictures Q2 profits rise to $581 million

Outlets agree that the theatrical success of the latest Spider-Man film drove Sony Pictures to a 527% increase in quarterly operating profit.

Sony Pictures Entertainment (51637461343)
Photo · Chris Yarzab / Wikimedia Commons · CC BY 2.0 · shown in black and white

At a glance

  • Sony Pictures reported $581 million in Q2 operating income for the three months ending September 30.123
  • The theatrical release of Spider-Man: Brand New Day was the main driver of the quarterly profit growth.123
  • Operating income grew by 527% year-over-year as revenue reached $3.23 billion.123

Sony Pictures Entertainment reported $581 million in quarterly operating income for the period ending September 30.123

Quarterly revenue for the entertainment division reached $3.23 billion.13

The operating income represented a 527% increase compared to the same quarter of the previous year.23

The increase in earnings was driven primarily by the box office performance of Spider-Man: Brand New Day.123

Where sources agree

  • Q2 operating income reached $581 million3 of 3
  • New Spider-Man movie boosted quarterly earnings3 of 3
  • Quarterly revenue reached $3.23 billion2 of 3
  • Operating profit increased 527% year-over-year2 of 3

Who covered this

3 National

Sources

  1. 1The Hollywood ReporterSony Pictures Q2 Profits Soars to $581 Million Due to ‘Spider-Man: Brand New Day’ ↗
  2. 2Deadline‘Spider-Man: Brand New Day’ Propels Sony Pictures To Huge Q2 Profit Boost ↗
  3. 3Variety‘Spider-Man: Brand New Day’ Spins Up Massive Numbers for Sony’s Quarterly Earnings ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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