SoftBank Group Corp. shares soared more than 10% in Tokyo, marking their strongest finish since July 2021, fueled by an optimistic sales forecast from Arm Holdings and speculations about narrowing its steep discount to net asset value. The company swung to a profit of $6.6 billion in the third quarter, its first in five quarters, with net income reported at JPY 950 billion against estimates of JPY 373.25 billion, and net sales matching estimates at JPY 1.77 trillion. This rebound was largely attributed to a recovery in the value of Vision Fund’s public holdings, a significant gain from T-Mobile US shares, and a $4 billion gain for its Vision Fund, marking its biggest in nearly three years. Despite a net loss of $3.1 billion reported for April-December, the company's shares continued to surge, extending their climb by over 15% following the earnings beat.
SoftBank sees new-found caution as secret weapon in AI arms race https://t.co/K7iR0DdEM3 https://t.co/HnIBCoV0aM
⚠️ ANALYSIS-SOFTBANK SEES NEW-FOUND CAUTION AS SECRET WEAPON IN AI ARMS RACE (Reuters) For years, SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye. Now founder Masayoshi Son's tech powerhouse is relying on a new weapon as it…
You usually only ever hear the bad news about Softbank. Here's the good news. https://t.co/pOkZwogqUa
SoftBank shares extend their surge, pop more than 15% on earnings beat https://t.co/sXN07EBy5N
SoftBank shares surged again a day after soaring to their highest finish in two and a half years, bolstered by a continued upward climb in its crown jewel asset, Arm https://t.co/aqbPRAxXQ4
SoftBank has made numerous bad bets such as WeWork. However, with a single successful wager on ARM Holdings, they have returned to profitability, like piling roulette chips that occasionally land on the right square!
Japan's SoftBank returned to profit for the first time in five quarters, as the Japanese tech investment firm was buoyed by an upturn in portfolio companies, sparking hope it was emerging from a period of retrenchment. More here: https://t.co/CCZPEnyGaJ https://t.co/02gcJnYh7E
Remember that SoftBank owns about 90% of $ARM shares outstanding and could become motivated to start selling into some of this strength https://t.co/v5YshS29Rj
SoftBank Group $SFTBY reported a return to profitability in the latest quarter, with a profit of $6.4B, attributed to reductions in losses from investments and successful listings like Arm $ARM. The company also reported a significant gain of $4B for its Vision Fund.
SoftBank can get an Arm up from venture capital’s weakness Japanese group’s likelihood of scoring promising companies at a decent price is positive via @FT #VC https://t.co/3HDryiFs8Z
The fair value of @SoftBank 's India investment portfolio across Vision Fund I and II stands at nearly $14 billion — up by 9% as of December 2023, according to a presentation from the Japanese investor during its earnings release
SoftBank’s Vision Fund logs $4 billion gain, its biggest in nearly 3 years, as tech valuations recover - CNBC https://t.co/gAEZkxThNb
SoftBank can get an Arm up from venture capital’s weakness https://t.co/wveZRdwO7t | opinion
SoftBank saw its first profit after four straight quarters of losses, backed up by T-Mobile shares, Arm Holdings' rally, and the rebound of Vision Fund, despite skepticism over the unit's privately held startups. https://t.co/JdxP70FD5c
SoftBank can get an Arm up from venture capital’s weakness https://t.co/ScpMQt1loh
Breakingviews - SoftBank’s new focus gives it strong tailwinds https://t.co/IQIwArFlhf https://t.co/IQIwArFlhf
SoftBank’s Vision Fund recovers with $3.6b gain in Q3 https://t.co/GR0dsk6dxN
#SoftBankGroup swings to its first profit after four straight quarters of losses, backed by a rebound in the value of #VisionFund’s public holdings and a windfall from #TMobile US Inc. shares. https://t.co/kMw0dEGtuT
From Breakingviews - Breakingviews - SoftBank’s new focus gives it strong tailwinds https://t.co/j1WnNZFZ4H https://t.co/j1WnNZFZ4H
SoftBank reported its first profit in more than a year, helped by a revival in Silicon Valley that drove up the value of its portfolio. https://t.co/8KkiWjvr35 https://t.co/8KkiWjvr35
SoftBank returned to profit after four quarters of losses and beat estimates handily https://t.co/aIETuDzaux
SoftBank profits beat forecast by wide margin as tech investments pay off https://t.co/pM2JT5BrUU
SoftBank reports Q3 net profit of $6.4B, after four quarters of losses, lifted by T-Mobile US shares windfall; the Vision Fund unit reported a ~$2.85B gain (Bloomberg) https://t.co/8GrrhmDCpj đź“« Subscribe: https://t.co/OyWeKSRpIM https://t.co/KCzybDOREN
SoftBank Group posts net loss of $3.1 billion in April-Dec. https://t.co/mspWcosVmI
Japan's SoftBank posts quarterly profit after four straight losses, driven by Vision Fund gains https://t.co/96k9unvk8a
SoftBank Group swings to its first profit after four straight quarters of losses, backed by a rebound in the value of Vision Fund’s public holdings and a windfall from T-Mobile US shares https://t.co/PhnPb0lftk
SoftBank Posts $6.6 Bln Profit, First In Five Quarters - Yahoo https://t.co/ZUktiSHuB9
SoftBank Group Q3 Earnings: - Net Income: JPY950B (est JPY373.25B) - Net Sales: JPY1.77T (est JPY1.77T)
SoftBank Group shares jump more than 10% in Tokyo trading, heading for their strongest finish since July 2021. An upbeat sales forecast from Arm Holdings bolstered sentiment. Question is whether the steep discount to its net asset value could narrow. https://t.co/IteqgGvw7H https://t.co/nbYkAX3Tor