SoftBank posts surprise loss of $2.4 billion

SoftBank posts surprise loss in third quarter as Vision Fund investments go into red; revenue also misses estimates
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.
SoftBank Posts Third-Quarter Loss of $2.4 Billion
TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell. The loss will further raise questions about SoftBank's plans for one of its most ambitious undertakings - a hefty investment in OpenAI.
SoftBank posts loss of $2.4 bn in Q3 on fall in 'Vision Fund' valuations
In particular, SoftBank was hit by unrealised valuation losses for South Korean e-commerce platform Coupang, Chinese ride-hailing firm Didi Global and AutoStore Holdings
SoftBank posts surprise loss in third quarter, revenue also misses estimates
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company’s revenue also missed analysts’ estimates.
SoftBank falls to $2.4bn loss amid plans for huge AI investments
SoftBank tumbled to a $2.4bn loss in its fiscal third quarter as the Japanese conglomerate and its founder Masayoshi Son gear up to finance one of the world’s largest-ever bets on artificial intelligence.
SoftBank books surprise loss of $2.4 billion in third quarter
By Anton Bridge TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a surprising net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.
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SoftBank posts third-quarter loss of US$2.4 billion
Japanese technology investor SoftBank Group booked a net loss of US$2.4 billion in the October-December quarter as valuations ...