SoftBank posts fourth straight quarterly profit on OpenAI investment gain
Yahoo Finance·2026-02-12 06:35
(Corrects to state that SoftBank has recorded an investment gain of $19.8 billion on OpenAI rather than anticipates one in paragraph 7) By Anton Bridge TOKYO, Feb 12 (Reuters) - Japan's SoftBank Group booked a fourth consecutive quarterly profit on Thursday, helped by the rising valuation of its OpenAI investment and took on more debt as it deepened its exposure to the red-hot artificial intelligence sector. SoftBank reported a net profit of 248.6 billion yen ($1.62 billion) in the October-December ...