SoftBank posts huge loss despite OpenAI and Intel gains
SoftBank reported a Q2 net loss of ¥1.12T, missing expectations, with large investment gains offset by a data-centre charge. The results highlight its heavy exposure to OpenAI.
What we know
Market news accounts report a net loss of ¥1.12T against an estimated profit of ¥129.32B, with a ¥1.06T gain on its Intel stake. OpenAI's fair value was put at $99.6B, a $10B additional investment was made in October, and the bridge facility was repaid and cancelled. A separate report cites a $3.73B charge tied to US data-centre procurement. Both rest on market news accounts and are unconfirmed.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.