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SOFTBANK Q4 PROFIT SURGES 3X ON $25B OPENAI GAIN

SoftBank reported Q4 net income of $11.6 billion, tripling analyst expectations of $1.5 billion, largely driven by a $25 billion unrealized gain from its OpenAI stake. The Japanese conglomerate plans to increase its total OpenAI investment to $64.6 billion by October.

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SoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B gain in its OpenAI stake; by October, its OpenAI investment will hit $64.6B (David Keohane/Financial Times)

David Keohane / Financial Times: SoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B ga…

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