Sony lifts forecast as 'Spider-Man' propels quarterly profit


FILE PHOTO: A logo of Sony Corp is seen at an electronics store in Narita International airport in Narita, Japan, November 1, 2016. REUTERS/Toru Hanai

TOKYO (Reuters) - Japan's Sony Group Corp raised its full-year profit forecast by 15% 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.

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