Sony Posts $2.77B in Q2 Music & Publishing, Up 8.8%

Sony Music Entertainment’s (SME) recorded music and publishing arms achieved revenue growth of 8.8% YoY in Q2 (fiscal Q1 2025), generating $2.768 billion across the quarter. NB. Sony reports in Japanese Yen, and these figures (and those below) are based on USD conversion rates, as calculated by Music Business Worldwide.

Recorded music:

• Sony’s global recorded music operation generated $2.09 billion in calendar Q2, up 8.4% YoY on a USD basis.

• Streaming (subscription and ad-funded) generated $1.36 billion, up 7.3% YoY.

• Physical music sales were up 19.0% YoY to hit $180 million.

• The ‘Other’ category – comprised of license revenue, merchandising and live performance income – generated $481 million, up 3.1% YoY.

• The biggest recorded music project in the quarter was Bad Bunny’s DeBÍ TiRAR MáS FOToS.

Music publishing:

• The company’s global music publishing business generated $683 million in the quarter, up 9.9% YoY at the US dollar level.

• Approximately $392 million of that revenue came from streaming, up 8.0% YoY.