SoftBank reported its performance for the quarter ending December 2024 with total revenue of 1.832 trillion yen and net loss of 369 billion yen, mainly due to recording investment losses from the company’s Vision Funds, with a loss of 340 billion yen, while investments in Alibaba incurred a loss of 377 billion yen and T-Mobile made a profit of 186 billion yen. Companies in the Vision Funds investment portfolio that went public in the past quarter include Swiggy, an Indian food and product delivery platform, which delivered a return of 2.4 times. New investments include Databricks, Dayone, Helion, and QuEra, with additional investment in OpenAI of 1.5 billion dollars in January.
In the recent months, SoftBank announced two major deals: the Stargate project to build a large-scale AI infrastructure in the United States, led by Masayoshi Son, CEO of OpenAI, and Cristal Intelligence, a project developing artificial intelligence for corporate clients in collaboration with OpenAI.
Source: SoftBank and CNBC
TLDR: SoftBank reported a net loss in the quarter ending December 2024 mainly due to investment losses from Vision Funds, with new investments made in various companies and a focus on AI infrastructure projects in the United States.
Leave a Comment