Japan’s Sony Group has posted quaterly earnings that smashed estimates.
The success of “Spider-Man: No Way Home” helped Sony reach the quarterly feat.
Sony also raised its full-year profit forecast by 15%.
Operating profit at Sony’s pictures business jumped by more than seven-fold to 149.4 billion yen ($1.30 billion) in its fiscal third quarter ended December.
Sony 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.
Overall quarterly operating profit at Sony was 465.2 billion yen, compared with an estimated average profit of 351.6 billion yen.
The company’s main gaming segment, focused on PlayStation, also posted a rise in profit, with sales of 3.9 million PS5 units in the third quarter.
