VENOM's "Strong Performance" At The Box Office Helps Propel Sony Pictures To $107M Q3 Profit

VENOM's "Strong Performance" At The Box Office Helps Propel Sony Pictures To $107M Q3 Profit

A better-than-expected box office showing for Venom helped fuel a third-quarter increase in profits year-over-year. Also contributing to the success was Spider-Man: Into the Spider-Verse.

By MattIsForReal - Feb 02, 2019 05:02 AM EST
Filed Under: Venom
Venom may not have sat well with critics, as evidenced by its 29% on Rotten Tomatoes, but fans of the extraterrestrial symbiote could not have disagreed more. Venom blew past box office expectations to the tune of $855 million worldwide. While it failed to crack the top 10 domestically ($213.5M), a strong overseas showing ($641.5) pushed it to become the sixth highest-grossing movie of 2018 worldwide.

Venom's box office haul was a big contributor to the year-over-year growth of Sony Pictures. In announcing the third-quarter results of the fiscal year, which ended on December 31, 2018, Sony Pictures specifically noted the "strong performance of Venom" as the main contributing factor for the 6% third-quarter sales growth year-over-year. Though not specifically mentioned, Sony's CGI animated hit Spider-Man: Into the Spider-Verse also played a key role with $225 million worldwide through December 31.

Sony Pictures reported $106.5 million (11.6 billion yen) in profits in Q3 2018, up from the $93 million (10.5 billion yen) in Q3 2017. The prior year was driven by the success of Jumanji: Welcome to the Jungle (with some help from Blade Runner 2049).

Sony is still estimated to hit $459 million (50B yen) in profit for the fiscal year, which ends March 31. And moving into the next fiscal year, Sony has another lineup of surefire blockbusters, including Men in Black: International, Spider-Man: Far From Home, a sequel to Jumanji, and more. Even further down the road, Sony has already officially at work on a sequel to Venom.



One of Marvel's most enigmatic, complex and badass characters comes to the big screen, starring Academy Award® nominated actor Tom Hardy as the lethal protector Venom.


Venom is now available on home release.
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WakandanQueen
WakandanQueen - 2/2/2019, 5:35 AM
I just wish Into the Spider-Verse was making more money.
ThunderThighs
ThunderThighs - 2/2/2019, 5:44 AM
Don't h8 me, but I honestly enjoyed Venom by far more than Spider-Verse.
It wasn't terrible imo and a fun ride.
Doomsday8888
Doomsday8888 - 2/2/2019, 5:47 AM
@ThunderThighs

I guess...it's ok to like Venom, but you actually enjoyed it more then Spider-verse?
Does.Not.Compute.
KWilly
KWilly - 2/2/2019, 6:14 AM
@ThunderThighs - "Don't h8 me"

LongMayHeReign
LongMayHeReign - 2/2/2019, 6:27 AM
@ThunderThighs -

MosquitoFarmer
MosquitoFarmer - 2/2/2019, 5:50 AM
I enjoyed the movie plenty. There is some overly aggressive hate towards it.

Kumkani
Kumkani - 2/2/2019, 6:02 AM
Should I watch this movie?
Kleytus
Kleytus - 2/2/2019, 6:05 AM
@DnA - If you go without bias, wanna have a fun time, and/or like Venom for being Venom.

Yes.
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