Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

SoftBank Publics surprise loss in the third quarter, income also loses estimates


The softbank logo is shown in a business store in Tokyo, Japan, on January 28, 2025.

Issei Kato | Reuters

SoftBank group He published a surprise quarterly loss on Wednesday and the income of the Japanese company also lost the estimates of the analysts.

These are the SoftBank results compared to LSE Smartstimate, which was weighted towards analysts forecasts that have been more consistently precise:

  • Income: 1.83 billion yen vs. 1.84 billion yen
  • Net loss of 369.17 billion yen compared to a gain of 298.53 billion yen

The company reported its quarterly profits after the price in the Tokyo Stock Exchange.

In recent years, SoftBank has made a series of controversial high -value investments in companies that have fought or marked their valuations.

Now he is repositioning to take advantage of the rise of artificial intelligence, where players like NVIDIA have benefited from the chips and GPU meteoric demand of the data center.

SoftBank is close to finishing a primary investment of $ 40 billion in Openai with an assessment prior to the money of $ 260 billion, fountains recently said to David Faber de CNBC.

These are last -minute news. See updates.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *