TOKYO—Japan’s Sony Group Corp raised its full-year profit forecast by 15 percent on Wednesday after posting estimate-smashing quarterly earnings, propelled by the success of “Spider-Man: No Way Home” which has become the sixth-highest grossing movie. Operating profit at its pictures business jumped by more than seven-fold to 149.4 billion yen ($1.30 billion) in its fiscal third quarter ended December as the unit’s revenue more than doubled. It now expects the business to post a profit of 205 billion yen in the current fiscal year as the super-hero movie, released in December, grossed more than $1.7 billion worldwide despite the spread of the Omicron coronavirus variant. The segment was also boosted by receipts from the “Venom: Let There Be Carnage” movie and licensing of the “Seinfeld” sitcom along with the sale of mobile games business GSN Games. Overall quarterly operating profit at Sony—a conglomerate spanning areas such as entertainment, sensors and …
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