SoftBank Q3 Earnings: Revenue Rises, Vision Fund Takes $2.33 Billion Hit As Investments Falter

Japanese investment holding company SoftBank Group Corp SFTBF SFTBY reported third-quarter net sales of 1.83 trillion yen ($12.11 billion), up from 1.77 trillion yen a year ago. SoftBank segment net sales grew 5.2% to 1.66 trillion yen ($10.96 billion). Arm Holdings ARM net sales grew 22.9% to 148.7 billion yen ($0.98 billion).

Loss before tax for the company was 190.2 billion yen.

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The net loss was 369.1 billion yen (or $2.44 billion loss) compared to a profit of 950 million yen a year ago. Loss on investments was 481 billion yen (or $3.18 billion loss).

Vision Fund investments reported a 352.75 billion yen loss (or $2.33 billion loss), compared to a profit of 600.73 billion yen a year ago. The segment reported a 309.93 billion yen loss (or $2.05 billion loss) versus a profit of 422.74 billion yen.

SoftBank reported a segment income of 224.1 billion yen (or $1.48 billion) versus 196.3 billion yen a year ago. Arm’s segment income is 13.4 billion yen (or $0.09 billion) compared to a loss of 8 billion yen a year ago.

In January, the Trump Administration announced an AI infrastructure joint venture in the U.S. dubbed “Stargate,” comprising  OpenAI, SoftBank Group, Oracle Corp ORCL, and Abu Dhabi’s MGX. The venture will deploy $100 billion initially and up to $500 billion over the next four years.

Masayoshi Son of SoftBank and President Donald Trump announced in December plans for SoftBank to invest in the U.S. over the next four years while creating 100,000 jobs focused on “AI and related infrastructure.”

SoftBank offloaded its entire stake in Alibaba Group Holdings BABA in 2024 to focus on AI investments.

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