Sony Pictures Networks India net profit nearly halves to ₹456 crore

SPNI has said in its statement that it has invested in strengthening its content portfolio and accelerating digital platforms

by e4m Desk
Published: Oct 16, 2025 6:13 PM | 2 min read

Sony Pictures Networks India (SPNI), also known as Culver Max Entertainment Pvt Ltd, reported a dip in its total revenue and profit for the financial year ended March 31, 2025, reflecting the broader challenges faced by the media and entertainment industry. The company said the year was marked by “significant change” as advertising budgets came under pressure and market dynamics evolved.

SPNI’s total revenue for FY25 stood at Rs 6,338 crore, down from Rs 6,641 crore in FY24. Revenue from operations declined to Rs 6,151 crore from Rs 6,435 crore in the previous year. The company’s domestic revenue fell to Rs 5,575 crore in FY25 from Rs 5,777 crore in FY24.

The advertising revenue of the company declined to Rs 2,606 crore, down from Rs 2,857 crore in FY24. Its subscription revenue grew by 1.1 % to Rs 3,244 crore, compared to Rs 3,206 crore. Revenue share from distribution and advertising time declined to Rs 86 crore in FY25, compared to Rs 119 crore in FY24.

Total profit for the year dropped sharply to Rs 456 crore from Rs 843 crore in FY24. Meanwhile, total expenses increased to Rs 5,769 crore from Rs 5,461 crore a year ago, with depreciation, depletion and amortization expenses rising to Rs 273 crore from Rs 226.57 crore.

In a statement, SPNI said it continued to invest in strengthening its content portfolio, accelerating its digital platforms and securing marquee sports properties including the Asia Cup.

“FY25 was a year of significant change for the media and entertainment industry. Advertising budgets were under pressure and market dynamics were evolving, which put short-term pressure on our profitability. Even in this environment, we stayed focused on our long-term priorities. We invested in strengthening our content portfolio, accelerating our digital platforms, and securing marquee sports properties including the Asia Cup. Those investments are already resonating with audiences and advertisers,” it said.

It further said that in the second half of FY25, its flagship channels Sony Entertainment Television (SET) and Sony SAB recorded strong gains in market share, underlining the strength of its brands and the traction of its strategy.

“As we enter FY26, we are firmly on a growth path. With an expanded digital and sports footprint, a renewed focus on execution and rising momentum across our key properties, Culver Max is well positioned to deliver stronger and more diversified performance and to create sustained value for all stakeholders,” it said.