Far from home and home come are their 10th and 11th highest grossing films respectively.
Black Panther, Captain Marvel, and GOG, characters who were relatively unknown before made more.
Far From Home made more than the last three Sony produced ones.
Homecoming made more than the last two
Sony wouldn’t be losing money they’d just be making less.
Disney maybe shouldn’t have been so stubborn but I believe you get what you pay for and Disney consistently produces results. And if Sony makes a bad Spider-Man film you can’t say Disney killed it because they will have no role in the process whatsoever.
Maybe it’s power move to make Sony out a bomb and just sell the rights.