Sony Pictures Entertainment’s full fiscal-year 2023 operating income fell to $808 million from $894 million in dollar terms, with sales creeping up slightly to $10.32 billion from $10.14 billion.

SPE comprises motion pictures, television productions and media networks, and the fiscal-year 2023 performance of those three segments was impacted by the dual Hollywood strikes.

More from The Hollywood Reporter

• 'Boonie Bears': How Two Plucky Bears Are Driving a Billion-Dollar Chinese Franchise

• Cannes Regular Adam Bessa Was Dropped by Theater School Before He Became a Fest Favorite

• 'Megalopolis' Lead Nathalie Emmanuel on Sealing Role in a Playful Zoom With Francis Ford Coppola

Sony’s fiscal year ended March 31, 2024, and in that period, Motion Pictures unit revenue amounted to $3.74 billion, up from $3.44 billion from a year ago. SPE released 17 films during the period including Insidious: The Red Door, Love Again, The Pope’s Exorcist, The Machine, Spider-Man: Across the Spider-Verse, No Hard Feelings, Gran Turismo, The Equalizer 3, Thanksgiving, Dumb Money, Napoleon, Anyone But You and Madame Web.

In Sony’s fiscal fourth quarter, the film division saw operating income of $208 million, up from the $119 million in the year-ago quarter. In the latest quarter, the film division benefitted from the performance of the Sydney Sweeney and Glen Powell rom-com Anyone But You that proved to be a big success at the box office, becoming one of the studio’s top earners in fiscal 2023 making $218 million at the global box office. However, the quarter also saw the release of the Sony/Marvel title Madame Web, which was panned by critics — the film boasts a dreary 11 percent Rotten Tomatoes critics score — that was another box office misfire for the studio’s attempts to expand its Spider-Man universe after the equally panned 2022 release Morbius.

With a production budget of just under $100 million, Madame Web had an underwhelming six-day opening of $25.8 million and made a total of $100 million at the global box office. In the fourth quarter, Sony films on release included the Biblical epic The Book of Clarence ($6 million of sales at the box office) and the franchise movie Ghostbusters: Frozen Empire ($109 million for the days counted within the fourth quarter).

Television productions saw FY 2023 revenue of $3.806 billion, down from $3.982 billion. In the fourth quarter, television productions saw revenue climb to $961 million from $883 million in the previous quarter. SPE’s television operation includes current hits such as Netflix’s The Crown, Apple TV+’s For All Mankind, Disney+’s Goosebumps, Amazon Prime Video’s The Wheel of Time and Gen V as well as long-running hits such as Days of Our Lives, Jeopardy! and its various spinoffs and Shark Tank.

FY 2023 revenue at Sony’s Game & Network Services division, a separate entity to SPE and which encompasses PlayStation hardware and software sales as well as the PlayStation Network, hit $27.293 billion, up from $23.419 billion. Sony revealed that it sold 20.8 million PlayStation 5 units in FY 2023 (it sold 19.1 million PS5s in FY 2022). Sony also revealed it now has 118 million monthly active users on the PlayStation Network.

Sony’s music division saw its FY 2023 operating income hit $1.93 billion, up from $1.68 billion, on revenue of $10.19 billion, up from $8.72 billion. Quarterly revenue climbed to $2.70 billion from $2.67 billion.

Best of The Hollywood Reporter

• How the Warner Brothers Got Their Film Business Started

• Meet the World Builders: Hollywood's Top Physical Production Executives of 2023

• Men in Blazers, Hollywood’s Favorite Soccer Podcast, Aims for a Global Empire