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SoftBank Q4 net income triples to $11.6B on $25B OpenAI gains

SoftBank reports Q4 net income tripling to $11.6B, driven by a $25B gain on its OpenAI stake, with total OpenAI investment set to reach $64.6B by October.

May 13 · 11:45:01 · primary fetch1 sourceupdated May 13 · 11:45:01

David Keohane / Financial Times: SoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B gain in its OpenAI stake; by October, its OpenAI investment will hit $64.6B — Japanese group books net income of $11.6bn in fourth quarter, vastly ahead of analyst expectations

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techmeme.comSoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B gain in its OpenAI stake; by October, its OpenAI investment will hit $64.6B (David Keohane/Financial Times)primary11:45:01