It was a mixed bag of full-year results for Sony Pictures Entertainment (SPE), the film and TV division of Sony—but the report had nothing but good news about animation.

The Japanese tech giant released its Q4 and 2025 financials today. Here are some of the key takeaways.

SPE revenues: US$9.92 billion for the full-year (mostly flat from last year’s US$9.90 billion) and US$3 billion in Q4 (up 14% year over year)

Fiscal year operating income: US$687 million, down 11% from the previous year

Pixomondo impact: Sony’s recent closure of its VFX studio Pixomondo contributed to the decline, since the shuttering of the business incurred impairment losses against SPE’s assets. Not including the Pixomondo charges, the company’s operating income for the full year was actually up 11% to US$858 million.

Box-office GOATs: Sony Pictures Animation’s GOAT (pictured) was an original film breakout in the most recent quarter. The sporty kids movie about a young goat’s dreams of becoming a roarball champ was released in February and grossed roughly US$193 million globally. Last year’s older-skewing anime flick Demon Slayer: Kimetsu no Yaiba Infinity Castle was the studio’s top box-office performer overall, with US$741 million.

Anime-driven growth: Crunchyroll posted paid subscriber growth with 21 million subs, up from 17 million in the same period last year. The platform lives under the media networks segment, which posted 13% growth in revenue to hit US$3.17 billion.

Coming up next: With Crunchyroll’s subscription growth expected to continue, Sony is also forecasting a strong 2026 driven by two major franchise sequels: Spider-Man: Brand New Day (July 31) and Jumanji: Open World (December 25).