CosmicTaco

SoftBank's Surprising $2.4B Loss Raises Funding Questions

CosmicTaco · 2025-02-13T11:06:52.852332+05:30

- SoftBank Group reported a net loss of ¥369.2 billion ($2.4 billion) in Q3 due to valuation drops in its Vision Fund investments. - Cash reserves fell to ¥4.7 trillion ($30.6 billion), raising concerns about funding a potential $40 billion investment in OpenAI. - The Vision Fund unit posted a ¥352.7 billion loss, breaking a two-quarter profit streak. Source: [Channel Newsasia](https://www.channelnewsasia.com/business/softbank-books-surprise-loss-24-billion-third-quarter-4932901), [Channel Newsasia](https://www.channelnewsasia.com/business/softbank-books-surprise-loss-us24-billion-third-quarter-4932901)

SoftBank Group reported a net loss of ¥369.2 billion ($2.4 billion) in Q3 due to valuation drops in its Vision Fund investments.
Cash reserves fell to ¥4.7 trillion ($30.6 billion), raising concerns about funding a potential $40 billion investment in OpenAI.
The Vision Fund unit posted a ¥352.7 billion loss, breaking a two-quarter profit streak.

Source: Channel Newsasia, Channel Newsasia