Sony's recorded music and publishing operations produced 203.6 billion yen ($1.85 billion) in revenue, a 26.6% gain over 2020's second quarter when revenue totaled 160.9 billion yen ($1.515 billion).
Another big quarter for Sony's music operations, with recorded music revenue up 26% from 2020.
Sony's music operations and visual media/platform posted a sharp increase in revenue, growing 17.6% to 271.6 billion yen from 230.87 billion yen in the three months ended Sept. 30. Recorded music and publishing streaming led the way with an extraordinary 44.3% gain to a combined total of 137 billion yen , over the prior year's total of 96.96 billion yen .
But operating income for the music operations' second quarter fell slightly to 50.59 billion yen from 54.253 billion yen , a drop of 6.8%. However, the second quarter had a one-time gain of 5.9 billion yen due to a segment transfer, so adjusting 2020 operating income by deducting that leaves Sony with a 4.6% gain.
Recorded music revenue totaled 156.3 billion yen for the quarter, up 26% from 2020’s Q2 tally of 123.3 billion yen . Within the segment, streaming enjoyed growth of 43.7% to 113.3 billion yen from last year's total of 78.83 billion yen , while sources indicate that the comeback of ad-supported streaming -- which in the prior year was down due to ad spending drying up during the pandemic -- was a big part of the surge. On the other hand, downloads continued to decline, falling 29.4% to 6.
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