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Sony Group Corporation reported a 22% year-over-year increase in operating profit to approximately $3.3 billion for its fiscal third quarter, exceeding analyst expectations. Revenue rose 1% to about $23.7 billion.

The company raised its full-year profit outlook by 8%, citing favorable foreign exchange rates that mitigated rising memory chip costs. The PS5 console reached over 92.2 million units shipped, and the PlayStation Network achieved record engagement. Despite challenges from semiconductor costs, Sony's diversified business model and strategic positioning contributed to its strong performance.