SoftBank Reports $2.4 Billion Loss Amid Major AI Investment Plans
12 Sources
[1]
SoftBank reveals $2.4 billion loss in Q3
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments. That's compared to a 950 billion yen profit in October-December 2023. Quarterly sales rose 3% from the previous
[2]
Japan's SoftBank reports loss weeks after announcing AI investment with U.S. President Trump
TOKYO -- Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments. That's compared to a 950 billion yen profit in October-December 2023. Quarterly sales rose 3% from the
[3]
Japan's SoftBank reports loss weeks after announcing AI investment with U.S. President Trump
TOKYO (AP) -- Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments. That's compared to a 950 billion yen profit in October-December 2023. Quarterly sales rose 3% from
[4]
SoftBank falls to $2.4bn loss amid plans for huge AI investments
SoftBank tumbled to a $2.4bn loss in its fiscal third quarter as the Japanese conglomerate and its founder Masayoshi Son gear up to finance one of the world's largest-ever bets on artificial intelligence. The tech group said on Wednesday it fell to a loss of ¥369.2bn ($2.4bn), compared with a gain
[5]
SoftBank Group Posts Quarterly Loss on Weak Tech Funds Business -- Update
SoftBank Group reported a quarterly loss, partly due to the weakness in its technology funds business, as it geared up to make more investments in artificial intelligence. The Japanese technology investment company said Wednesday that it booked a net loss for the three months ended December,
[6]
SoftBank Posts Quarterly Loss, Gears Up for Giant AI Project -- 2nd Update
SoftBank Group reported a quarterly loss, partly due to the weakness in its technology funds business, as it geared up for a giant artificial-intelligence infrastructure project with ChatGPT maker OpenAI and other partners. The Japanese technology investment company said Wednesday that it booked a
[7]
Japan's SoftBank reports loss weeks after announcing AI investment with U.S. President Trump
TOKYO (AP) -- Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments. That's compared to a 950 billion yen profit in October-December 2023. Quarterly sales rose 3% from
[8]
SoftBank Group Posts Quarterly Loss on Weak Tech Funds Business
SoftBank Group reported a quarterly loss, partly due to the weakness in its technology funds business. The Japanese technology investment company said Wednesday that it booked a net loss of 369.165 billion yen, equivalent to $2.42 billion, for the three months ended Dec. 31, compared with a net
[9]
SoftBank swings to a loss ahead of big Stargate AI bet
SoftBank Group swung to a loss in the December quarter due to a drop in the value of its Vision Fund unit's public holdings, boding ill for founder Masayoshi Son who has to raise $500 billion for the Stargate artificial intelligence project. The Tokyo-based company reported a net loss of ¥369.2
[10]
SoftBank Swings to a Loss Ahead of Big Stargate AI Bet
SoftBank Group Corp. swung to losses for the December quarter due to a drop in the value of the Vision Fund's public holdings, boding ill for founder Masayoshi Son who has to raise $500 billion for the Stargate artificial-intelligence project. The Tokyo-based company reported a net loss of ¥369.2
[11]
SoftBank Group posts USD2.4B third-quarter net loss
AFP - SoftBank Group said yesterday it plunged back into the red for the three months to December, following an announcement that it will form a joint venture with United States (US) tech giant OpenAI. The company's results often swing dramatically because it invests heavily in tech start-ups and
[12]
SoftBank Vision Fund Hit With More Losses
SoftBank reported a net loss of nearly $2.4 billion for its fiscal third quarter, with another quarter in the red for its once-heralded Vision Fund unit. The Vision Fund drop is nothing new, as SoftBank has pulled back on investments since 2022 -- after interest rates began to rise and venture
Share
Copy Link
SoftBank Group Corp. reported a significant loss in its fiscal third quarter, primarily due to its Vision Fund investments. This comes shortly after announcing a massive AI infrastructure project, highlighting the company's pivot towards artificial intelligence.
SoftBank's Financial Performance
SoftBank Group Corp., the Japanese technology investment company, reported a substantial loss of 369.2 billion yen ($2.4 billion) for its fiscal third quarter ending December 2024
1
2
3
. This marks a significant reversal from the 950 billion yen profit recorded in the same period the previous year. The loss was primarily attributed to the poor performance of its Vision Fund investments, which posted a loss of 309.93 billion yen5
.Despite the quarterly setback, SoftBank's sales rose by 3% year-on-year to 1.83 trillion yen ($11.9 billion)
1
2
3
. For the first nine months of the fiscal year, the company recorded a profit of 636 billion yen ($4 billion), a turnaround from the 459 billion yen loss in the previous year1
2
3
.Vision Funds and Investment Portfolio
SoftBank's Vision Funds, known for their tech-heavy investments, experienced losses following two consecutive quarters of gains
4
. The funds were impacted by valuation drops in high-profile public companies, including South Korean e-commerce group Coupang and Chinese ride-hailing group Didi4
5
.However, the company also reported investment gains in several holdings, including Chinese e-commerce giant Alibaba, U.S.-based South Korean retailer Coupang, mobility service provider DiDi Global, and Singaporean technology company Grab Holdings
1
2
3
. Additionally, improved sales were noted in SoftBank's British semiconductor company Arm's business1
2
3
.Pivot to Artificial Intelligence
The financial report comes on the heels of a major announcement by SoftBank's founder and CEO, Masayoshi Son. In January, Son appeared alongside U.S. President Donald Trump, OpenAI's Sam Altman, and Oracle's Larry Ellison to unveil plans for a massive artificial intelligence project called Stargate
1
2
3
4
.SoftBank, in partnership with OpenAI and other entities, plans to invest up to $500 billion in AI infrastructure in the U.S. over the next four years
4
. The company stated that the Stargate venture would be primarily funded through project finance, with limited equity investment to maintain fiscal discipline5
.Related Stories
Future Outlook and AI Investments
Despite the current losses, SoftBank remains bullish on artificial intelligence. The company is set to invest between $15 billion and $25 billion in OpenAI as part of a wider funding round that could see ChatGPT's creator raise up to $40 billion
4
.SoftBank and OpenAI also announced plans to collaborate on offering AI services, initially targeting Japanese businesses with potential for global expansion
5
. CEO Masayoshi Son has expressed optimism about the rapid advancement of AI, predicting that artificial general intelligence (AGI) could arrive sooner than previously anticipated5
.As of the end of 2024, SoftBank's cash position stood at 5.0 trillion yen ($32.79 billion), and the company has revised its margin-loan terms using Arm shares, increasing its borrowing limit to $13.5 billion
5
. These financial maneuvers position SoftBank to continue its ambitious AI investment strategy while navigating the volatilities of the tech investment landscape.References
Summarized by
Navi
[1]
[2]
[5]
Related Stories
SoftBank's $60 Billion AI Bet on OpenAI Faces Critical Debt Reckoning as Earnings Reveal Funding Gap
04 Aug 2026•Business and Economy
SoftBank Group Faces Q4 Loss Amid AI Investments and Vision Fund Struggles
12 May 2025•Business and Economy
SoftBank Group Reports Unexpected Q1 Loss Amid Investment Challenges
07 Aug 2024
Recent Highlights
1
OpenAI Solves Navier-Stokes Problem With AI, Sparking Existential Crisis in Mathematics
Science and Research
2
OpenAI Agents Launched RubyGems Attack With 2,000+ Malicious Packages, Attempted API Key Theft
Technology
3
OpenAI Reveals 6 New Cases of AI Models Hiding Mistakes and Breaking Rules
Policy and Regulation
Recent Highlights
Today's Top Stories
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Follow topics that matter to you and stay ahead.
