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New Report: Which Movie Studios Are Making a Profit?
As we covered in our breakdown of what's been happening in Hollywood, movie studios are working to recover in the years after COVID and the strikes. 2025 feels like it should be the first normal year in the entire 2020s. We want movie studios to have money. The more they have, the more likely it is they'll be spending it to release movies and TV shows to try and make more of it. Recently, THR did a deep dive into the studios across Hollywood to show what kind of cash they have on hand. Let's dive in. Warner Bros.Profit: $1.7B -23% year-over-yearRevenue: $11.6B -5% year-over-yearWarner is a massive studio that not only has been releasing hits like Barbie and the Kong v. Godzilla franchise, but they also have a games division behind the Hogwarts game, which was also a massive hit, Still, they were not immune to a down year in 2023, which you could blame on the strikes and a COVID hangover as well. Warner TV is basically HBO and Max. Hits like The Penguin and House of the Dragon certainly help. It feels like a lot of WB's health relies on DC making a comeback this year. With Superman leading the way, that boost would really help the studio get back on track. NBC / UniversalProfit: $1.4B +8% year-over-yearRevenue: $11.1B -4% year-over-yearWicked was everywhere this year and was a massive hit. While Peacock was relatively quiet outside of shows like Traitors, adding Wicked to the platform will drive streams. The studio also had hits like Despicable Me 4, Kung Fu Panda 4, Twisters, and The Wild Robot. These were all great, but still live in the shadow of the 900 million dollar Oppenheimer year. But this year could be huge with the live-action How to Train Your Dragon, Jurassic World Rebirth, and Wicked: For Good all set to win their box office weekends. DisneyProfit: $864M turned positiveRevenue: $8.3B +6%year-over-yearWhat can you say about Disney that hasn't been said? They have a corner of the kids and family market that usually leads to four-quadrant hits like Inside Out 2. But Marvel hasn't had a breakout recently aside from Deadpool & Wolverine, and they're still searching for those big moments in the 2020s. But they have the Avatar movies, and those have proven they go over two billion each. Will Fire and Ash continue the trend? Remember, Disney is just doing gangbusters with their parks and merchandising, too. They have a healthy business and will continue to do what makes them money, releasing Captain America: Brave New World, as well as the upcoming Snow White, Lilo & Stitch, and The Fantastic Four: First Steps this year. SonyProfit: $628M -13% year-over-yearRevenue: $8.3B -4% year-over-yearSony is the only studio that is not bogged down by a streamer. So they really have to make money theatrically and on TV to make money. But Sony is also full of surprise hits, like Bad Boys: Ride or Die and It Ends With Us, which both did over $350 million at the global box office. In order to dip its toes into other business models, it also bought Alamo Drafthouse, so they have their own theaters to service across the country. They have a piece of Crunchyroll, which had a rise in subscriptions.And in TV, they have Dark Matter on Apple TV+ and Cruel Intentions on Amazon Prime Video. Sony's looking toward Spiderman movies in future years and even more Jumanji movies to help them out in the coming years. Paramount / SkydanceProfit: –$96M improved but still in redRevenue: $3B unchanged year-over-yearIt's really hard to evaluate Paramount, which is in the middle of a sale to Skydance. In the past, they've seen franchises like Mission: Impossible, Transformers, and Quiet Place be lucrative, and have the final M:I movie coming out this summer. Sonic 3 was a huge hit for them this year too, and the Sonic TV shows have been a major player for kids and families on their streaming app. But regardless of how good the box office is going, Paramount's future is totally reliant on the merger and the bright future of David Ellison wanting to revamp the entire slate and take some of Paramount's prestige back. NetflixProfit: $7B +49% year-over-yearRevenue: $39B +16% year-over-yearAn absolute behemoth, no one can touch Netflix in the streaming venue. They have over 300+ million subscribers, and they're still finding ways to grow. Hits like Baby Reindeer and Stranger Things have supported them in the past, and they have movies like The Electric State, Damsel, and other titles that have been dominating streams. The knock against Netflix is that they don't have as many memorable movies, but they keep people on their app with their offerings and make money. Netflix said, “We estimate there are now 750 million-plus broadband households (excluding China and Russia) and $650 billion-plus of entertainment revenue in the markets we operate in, of which we only captured around 6 percent in 2024,” the company continued, “Similarly, we believe we account for less than 10 percent of TV viewing in every country in which we operate, all of which sug
As we covered in our breakdown of what's been happening in Hollywood, movie studios are working to recover in the years after COVID and the strikes. 2025 feels like it should be the first normal year in the entire 2020s.
We want movie studios to have money. The more they have, the more likely it is they'll be spending it to release movies and TV shows to try and make more of it.
Recently, THR did a deep dive into the studios across Hollywood to show what kind of cash they have on hand.
Let's dive in.
Warner Bros.
Profit: $1.7B -23% year-over-year
Revenue: $11.6B -5% year-over-year
Warner is a massive studio that not only has been releasing hits like Barbie and the Kong v. Godzilla franchise, but they also have a games division behind the Hogwarts game, which was also a massive hit,
Still, they were not immune to a down year in 2023, which you could blame on the strikes and a COVID hangover as well.
Warner TV is basically HBO and Max. Hits like The Penguin and House of the Dragon certainly help.
It feels like a lot of WB's health relies on DC making a comeback this year. With Superman leading the way, that boost would really help the studio get back on track.
NBC / Universal
Profit: $1.4B +8% year-over-year
Revenue: $11.1B -4% year-over-year
Wicked was everywhere this year and was a massive hit. While Peacock was relatively quiet outside of shows like Traitors, adding Wicked to the platform will drive streams.
The studio also had hits like Despicable Me 4, Kung Fu Panda 4, Twisters, and The Wild Robot. These were all great, but still live in the shadow of the 900 million dollar Oppenheimer year.
But this year could be huge with the live-action How to Train Your Dragon, Jurassic World Rebirth, and Wicked: For Good all set to win their box office weekends.
Disney
Profit: $864M turned positive
Revenue: $8.3B +6%year-over-year
What can you say about Disney that hasn't been said? They have a corner of the kids and family market that usually leads to four-quadrant hits like Inside Out 2. But Marvel hasn't had a breakout recently aside from Deadpool & Wolverine, and they're still searching for those big moments in the 2020s.
But they have the Avatar movies, and those have proven they go over two billion each. Will Fire and Ash continue the trend?
Remember, Disney is just doing gangbusters with their parks and merchandising, too. They have a healthy business and will continue to do what makes them money, releasing Captain America: Brave New World, as well as the upcoming Snow White, Lilo & Stitch, and The Fantastic Four: First Steps this year.
Sony
Profit: $628M -13% year-over-year
Revenue: $8.3B -4% year-over-year
Sony is the only studio that is not bogged down by a streamer. So they really have to make money theatrically and on TV to make money. But Sony is also full of surprise hits, like Bad Boys: Ride or Die and It Ends With Us, which both did over $350 million at the global box office.
In order to dip its toes into other business models, it also bought Alamo Drafthouse, so they have their own theaters to service across the country. They have a piece of Crunchyroll, which had a rise in subscriptions.
And in TV, they have Dark Matter on Apple TV+ and Cruel Intentions on Amazon Prime Video.
Sony's looking toward Spiderman movies in future years and even more Jumanji movies to help them out in the coming years.
Paramount / Skydance
Profit: –$96M improved but still in red
Revenue: $3B unchanged year-over-year
It's really hard to evaluate Paramount, which is in the middle of a sale to Skydance. In the past, they've seen franchises like Mission: Impossible, Transformers, and Quiet Place be lucrative, and have the final M:I movie coming out this summer.
Sonic 3 was a huge hit for them this year too, and the Sonic TV shows have been a major player for kids and families on their streaming app.
But regardless of how good the box office is going, Paramount's future is totally reliant on the merger and the bright future of David Ellison wanting to revamp the entire slate and take some of Paramount's prestige back.
Netflix
Profit: $7B +49% year-over-year
Revenue: $39B +16% year-over-year
An absolute behemoth, no one can touch Netflix in the streaming venue. They have over 300+ million subscribers, and they're still finding ways to grow.
Hits like Baby Reindeer and Stranger Things have supported them in the past, and they have movies like The Electric State, Damsel, and other titles that have been dominating streams.
The knock against Netflix is that they don't have as many memorable movies, but they keep people on their app with their offerings and make money.
Netflix said, “We estimate there are now 750 million-plus broadband households (excluding China and Russia) and $650 billion-plus of entertainment revenue in the markets we operate in, of which we only captured around 6 percent in 2024,” the company continued, “Similarly, we believe we account for less than 10 percent of TV viewing in every country in which we operate, all of which suggests a long runway for growth as streaming continues to expand around the world.”
They are truly massive and getting bigger and bigger. They have content made for those new countries, with a rise in Indian and Korean shows to tap into the billions of people looking for stuff to watch there.
Summing up the studio profits
It's good to see studios figuring out how to make money now. We want there to be a healthy Hollywood, so there are more things made and more jobs available.
I have a lot of hope that Hollywood is going to ascend to its former power and that jobs will come back. It has been a hard start to the 2020s. We need to have a big back half.
And it's going to take these places greenlighting things people want to watch, to play, and to engage with.
Let me know what you think in the comments.
