Sony Music Posts Record $10.75B Annual Revenue, Up 13%

Sony Music Entertainment (SME) has released its financial results for January through March 31, 2025, the final quarter of its fiscal 2024.

Q1 Snapshot:

• Excluding visual media and platform sales (mobile gaming, anime etc), music revenue reached $2.64 billion/¥387.46 billion, up roughly 4.5%.

• Physical sales jumped 12% YOY to $183.10 million/¥26.85 billion off the back of bestsellers such as SZA's SOS Deluxe: Lana, Tate McRae's So Close to What, LISA's Alter Ego and Tyler, the Creator's Chromakopia and Igor.

• Recorded streaming's growth rate was 4.8%, reaching $1.32 billion/¥193.04 billion in total revenue.

• Sony Music Publishing enjoyed a 16.3% YOY jump ($656.54 million/¥96.28 billion).

Full Year Snapshot:

• Music revenue (less visual media and platform) hit $10.75 billion/¥1.58 trillion, a leap of 13.1% YOY.

• Recorded music contributed $8.16 billion/¥1.20 trillion to that result, made up of $5.38 billion/¥788.77 billion from streaming (up 11.2% YOY), and $724.40 million/¥106.15 billion from physical (up 4.8% YOY).

• Bestsellers were SZA's SOS Deluxe: Lana, Beyoncé's Cowboy Carter, Future and Metro Boomin's We Still Don't Trust You and Travis Scott's Utopia.

• Publishing revenue leapt 16.3% YOY to hit $2.59 billion/¥379.81 billion.

• Full-year music operating income was up 18.4% YOY, reaching $2.44 billion/¥357.26 billion.