Sony generated over $2bn from recorded song and publishing in calendar Q2; recorded song revenues have been up 11.2% YoY

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Sony’s world song rights operation – throughout recorded song and song publishing – generated USD $2.03 billion within the 3 months to finish of June 2022.

That’s in keeping with MBW’s calculations in response to Sony Team Corp’s calendar Q2 (fiscal Q1) 2022 effects, as introduced via the Eastern company previous lately (July 29).

The $2.03 billion determine used to be up 11.7% year-on-year (vs. calendar Q2 2021) at US dollar-converted consistent foreign money.

(Figuring out Sony’s effects at a US dollar-converted consistent foreign money degree is especially vital for calendar Q2 2022, when the energy of the greenback vs. the Eastern Yen – the foreign money through which Sony experiences its profits– rose to historical ranges.)

In financial phrases, Sony’s total song rights operation (recorded song plus song publishing) generated roughly $212 million extra in calendar Q2 2022 than within the prior-year quarter.

[Note: Corporately speaking, Sony Group’s global music operation includes recorded music, plus music publishing, plus ‘Visual Media & Platform’. The final category primarily covers mobile games and animation projects, and has been omitted from the revenue calculations in this analysis.]



Sony’s world recorded song operation generated USD $1.542 billion in calendar Q2 2022 – in keeping with MBW’s calculations – up 11.2% YoY as opposed to the identical quarterly length of the prior 12 months.

Inside of that calendar Q2 2022 world recorded song end result, streaming generated $1.075 billion, up 7.9% YoY.

(This ‘streaming’ quantity covers each subscription and ad-funded streaming revenues generated via Sony’s world recorded song operation.)

Sony noticed YoY positive factors in quarterly revenues for bodily song gross sales (+$8m YoY to $198m) and for its ‘Different’ fiscal class inside recorded song (+$71m YoY to $211m).

The latter class (‘Different’) comprises license earnings (public efficiency, broadcast and sync), vending and reside efficiency source of revenue.

In financial phrases, Sony’s world recorded song operation generated roughly $155 million extra in calendar Q2 2022 than within the prior-year quarter.



Consistent with Sony Corp‘s effects, Sony Track Leisure‘s ten greatest recorded song tasks within the calendar Q2 2022 quarter (ex-Japan), so as of worldwide earnings era, have been:

  1. Harry Types, Harry’s Area
  2. Long run, I NEVER LIKED YOU
  3. Doja Cat, Planet Her
  4. Lil Durk, 7220
  5. Lil Nas X, MONTERO
  6. Harry Types, Wonderful Line
  7. Tyler, The Author, CALL ME IF YOU GET LOST
  8. The Child LAROI, F*CK LOVE 3+: OVER YOU
  9. Camila Cabello, Familia
  10. TOOL, Worry Inoculum

Sony’s world song publishing operation – led via Sony Track Publishing – generated $487.3 million within the 3 months to finish of June this 12 months.

That quarterly earnings determine, at the USA greenback degree, used to be up 13.2% year-on-year.

Sony’s world song publishing operation derived $258.3 million of its quarterly revenues within the calendar Q2 2022 length from streaming.

That publishing streaming determine used to be up 19.8% year-on-year.



Sony Corp additionally lately issued some benefit numbers for its company Track department within the 3 months to finish of June 2022.

(The next figures come with Sony’s operations throughout Recorded Track, Track Publishing plus Visible Media & Platform. Sony doesn’t get away income for its company Track department in the similar approach it does earnings, so for divisional working source of revenue VM&P can’t be extracted/overlooked.)

In calendar Q2 2022, Sony’s company Track department posted a quarterly working source of revenue of 60.97 billion Yen (USD $471m).

That represented an working margin of 19.8%, from general divisional quarterly revenues of 308.07 billion Yen (USD $2.38bn).



Word: All YoY share rises/falls printed on this tale are calculated at consistent foreign money at the USA dollar-converted degree. MBW makes use of Sony’s personal quarterly reasonable foreign money charges for those calculations.

See under for the breakdown of Sony’s newest (fiscal) quarterly figures for song in Eastern Yen, as printed via Sony Team Corp lately.



For this research, MBW has calculated Sony’s financials from Eastern Yen into US bucks on the following prevailing alternate charges in each and every quarter, as showed via Sony Corp:

  • Calendar Q1 2020: 109.0 Yen consistent with USD
  • Calendar Q2 2020: 107.6 Yen consistent with USD
  • Calendar Q3 2020: 106.2 Yen consistent with USD
  • Calendar This autumn 2020: 104.5 Yen consistent with USD
  • Calendar Q1 2021: 105.9 Yen consistent with USD
  • Calendar Q2 2021: 109.5 Yen consistent with USD
  • Calendar Q3 2021: 110.1 Yen consistent with USD
  • Calendar This autumn 2021: 113.7 Yen consistent with USD
  • Calendar Q1 2022: 116.1 Yen consistent with USD
  • Calendar Q2 2022: 129.4 Yen consistent with USD

Via making use of those alternate figures to each and every appropriate length, we successfully get a US-leaning consistent foreign money image of Sony Track’s efficiency.

This isn’t a great device; it dangers overplaying Sony Track Leisure’s world industry reasonably via changing a piece of revenues from Sony Track Leisure Japan (which might generally be straight-reported in Yen) into US bucks.

However it supplies us with a cleaner mirrored image of the efficiency of New York-based Sony Track Leisure outdoor of FX distortion, since the corporate needed to convert its US foreign money into Yen within the first position for Sony Corp’s effects. The similar is right for US-based Sony Track Publishing.

MBW believes this foreign money alternate device is the yardstick used internally at Sony Track Team‘s HQ in New York.

(Fiscal Yr Yen-to-USD conversions were made at 112.3 reasonable annual fee as supplied via Sony Team Corp.)


Sony’s personal description of its 3 company song divisions is as follows:

  • Recorded Track – Streaming comprises the distribution of virtual recorded song via streaming; Recorded Track – Others comprises the distribution of recorded song via bodily media and virtual obtain in addition to earnings derived from artists’ reside performances;
  • Track Publishing includes the control and licensing of the phrases and song of songs;
  • Visible Media and Platform comprises the manufacturing and distribution of animation titles, together with sport packages in response to the animation titles, and more than a few carrier choices for song and visible merchandise.

Inside of / masking the primary two divisions indexed above:

  • Sony Track Publishing, run via CEO & Chairman Jon Platt, is Sony’s US-headquartered song publishing operation.
  • Sony Track Leisure, run via CEO Rob Stringer, is Sony’s US-headquartered recorded song operation.
  • And Sony Track Team – additionally run via Rob Stringer, as Chairman – is Sony’s US-headquartered umbrella workforce for each Sony Track Leisure and Sony Track Publishing.

Track Trade International

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