SoftBank Beats Profit Expectations Driven by Chip Bets and ByteDance Stake
SoftBank Group reported first-quarter profits that exceeded expectations, boosted by its stakes in Intel and TikTok-owner ByteDance, despite a lower overall income slide.
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SoftBank Profit Beats Expectations
SoftBank Group Corp. reported a smaller-than-expected decline in quarterly net income, helped by a rally in its chip-stock holdings. OpenAI’s Japanese backer is in the spotlight alongside concerns about climbing debt levels that AI service providers are taking on to spend on data centers and other infrastructure. Bloomberg's Neil Campling reports. (Source: Bloomberg)
Read full article →SoftBank’s stakes in Intel and ByteDance help it beat expectations
Masayoshi Son’s group posts 18% fall in net profit for three months to June
Read full article →SoftBank posts profit beat boosted by stakes in Intel and TikTok-owner ByteDance
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations.
Read full article →SoftBank beats profit expectations as chip bets compensate for muted AI gains
The Tokyo-based technology investor's net income fell 18% to ¥347.3 billion in its fiscal first quarter, compared with a market estimate of about ¥166 billion.
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