Report: Sony Music Streaming Increase Helps Push Annual Revenue To $7.7 Billion

Big Gains In 2022

BILLBOARD reports that SONY MUSIC, which includes SONY MUSIC ENTERTAINMENT, SONY MUSIC PUBLISHING and SONY JAPAN, saw a 37% increase in streaming propel the company to $7.7 billion in revenue for the fiscal year ending MARCH 31st. That's a 29.1% increase from the previous year. 

Recorded music revenue hit $5.96 billion and publishing earnings hit $1.784 billion. Within recorded music, streaming grew 37.2% to $4.12 billion.

SONY MUSIC's biggest sellers for the year included ADELE's "30," DOJA CAT's "Planet Her" and "Hot Pink," THE KID LAROI's "F*CK LOVE 3+: OVER YOU," LIL NAS X's "MONTERO," HARRY STYLES' "Fine Line," POLO G's "Hall of Fame," LUKE COMBS' "What You See Is What You Get," TRAVIS SCOTT's "ASTROWORLD," and RAUW ALEJANDRO's "Vice Versa."

See more from BILLBOARD here.

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