Sony Group posted a strong rise in second-quarter operating profit and announced a share buyback of up to 100 billion Japanese yen. Operating profit climbed 10% from a year earlier, with revenues up 5%, driving Sony shares to jump over 6%. The company raised its full-year outlook, expecting profit and revenue growth.

Profit from Sony’s music and imaging businesses soared, with operating profit from imaging up nearly 50%. However, profit from Sony’s picture business decreased by nearly 25% despite the success of KPop Demon Hunters, which became Netflix’s most popular film ever. Sony missed out on potential upside by selling the film’s exclusive rights to Netflix.

Read more at CNBC: Sony raises profit forecast after earnings beat, lifted by music and imaging divisions