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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.

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