Sony Group Corp. posted on Wednesday a 32% rise in third-quarter operating profit, smashing analyst estimates, as earnings at its pictures unit surged on the back of the success of "Spider-Man: No Way Home."
Operating profit was ¥465.2 billion ($4.05 billion) for the three months to Dec. 31. That compared with an estimated average profit of ¥351.6 billion from nine analysts surveyed by Refinitiv.
Sony hiked its full-year profit forecast to ¥1.2 trillion from ¥1.04 trillion. That prediction is higher than an average ¥1.09 trillion profit forecast from 24 analysts, Refinitiv data showed.