The Softbank logo is displayed in the company's store in Tokyo in Japan on January 28, 2025.
Issei Kato Reuters
SoftBank group A quarterly loss on Wednesday surprised the surprise, because investments under vision funds fell into red. The revenues of the Japanese company also overlooked analysts' estimates.
Here are the SoftBank results compared to LSEG Smartletimate, which is weighted in relation to forecasts from analysts who were more consistently accurate:
- Revenues: 1.83 trillion yen vs. 1.84 trillion yenów
- Net loss of 369.17 billion yen vs. profit of 298.53 billion yen
The company's Vision Fund investments achieved a loss of 352.75 billion yen for a quarter completed on December 31. Vision Funds investments have recorded profit in the previous two quarters.
A wider segment of the vision fund – which factor in administrative costs, including currency fluctuations – reported a loss of 309.93 billion yen during the quarter.
Softbank reported a decrease by 2.1% of the quarter in its public portfolio companies Vision Fund 1, mainly due to the decrease in the stock price of Coupang E-Commerce, while the value of investments in private companies dropped by 3.3%. In general, the fair value of Softbank portfolio companies dropped by 2.8% compared to the previous quarter.
The fair value of Vision Fund 2 dropped by 3.7% compared to the previous quarter.
In recent years, Softbank has made many controversial high -value investments in companies that have struggled or marked their valuations.
Currently, it is changing to use a boom of artificial intelligence, in which players such as Nvidia have used a meteoric demand for chips and GPU data center.
Softbank is close to the finalization of the basic investment in the amount of $ 40 billion at Openai at a pre -motel valuation worth $ 260 billion, the sources have recently informed David Faber from CNBC.
Softbank reported quarterly earnings after closing trade on the Tokyo Stock Exchange. Last year, the shares gained 45%.
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