It does look like they’re churning out junk for the license.
Though I think the Venom movies were considered successful as well. And the latest live action Spider-Man trilogy was also Sony and successful, but they relied heavily on Marvel and its universe.
Marvel Studios would explore opportunities to integrate MCU characters into future Spider-Man films, which Sony Pictures would continue to finance, distribute, and have final creative control over.
It really looks like Sony is just churning out the Spider-Movies so they don’t lose the licensing rights.
The only hits they had were the Spider-Verse flicks and those stood on the shoulders of what was essentially slave labor…
https://www.dualshockers.com/across-the-spiderverse-artist-abuse-superhero-movies/
https://comicbookmovie.com/spider_man/into-the-spider_verse/spider-man-across-the-spider-verse-producer-amy-pascal-responds-after-allegations-of-poor-working-conditions-a203999#gs.59zjjw
https://www.theverge.com/2023/6/23/23771199/across-the-spider-verse-working-conditions-phil-lord
It does look like they’re churning out junk for the license.
Though I think the Venom movies were considered successful as well. And the latest live action Spider-Man trilogy was also Sony and successful, but they relied heavily on Marvel and its universe.
The last live action trilogy were Marvel movies in partnership with Sony.
The last live action Sony Spider-Man movies were ASM and ASM2.
https://en.m.wikipedia.org/wiki/Spider-Man:_Homecoming
Basically Marvel became producers for the films but Sony still made them.