Core Viewpoint - Berkshire Hathaway reported a significant decline in net earnings, with a 59% drop in net profit for the second quarter of 2025 compared to the same period in 2024, attributed to various factors including investment losses and operational challenges in its insurance segment [6][10]. Financial Performance - In Q2 2025, Berkshire achieved revenues of $92.515 billion, slightly down from $93.653 billion in Q2 2024 [8]. - Net earnings attributable to Berkshire shareholders were $12.370 billion in Q2 2025, down from $30.348 billion in Q2 2024 [6][8]. - Operating earnings decreased by 4% year-over-year to $11.160 billion, primarily due to a decline in insurance underwriting profits [9]. Investment Activities - Berkshire has been net selling stocks for the 11th consecutive quarter, with a notable sale of approximately $1.23 billion in VeriSign shares [12]. - The company reported an investment loss of $4.970 billion in Q2 2025, compared to a gain of $18.750 billion in the same quarter of the previous year [4][8]. Cash Reserves - As of the end of Q2 2025, Berkshire's cash reserves decreased slightly to $344.1 billion, marking the first decline in three years [9]. Impairments and Challenges - Berkshire recorded a $3.76 billion impairment on its investment in Kraft Heinz, reflecting ongoing struggles in the consumer goods sector [4][11]. - The company expressed concerns regarding the impact of international trade policies and tariffs on its operations, indicating potential adverse effects on future performance [10]. Leadership Transition - This financial report is the first since Warren Buffett announced his plan to retire as CEO by the end of 2025, which has raised investor concerns about the potential decline of the "Buffett premium" in the stock price [14][17].
净利润暴跌近60%，巴菲特遭遇“滑铁卢”？仍囤积超2.4万亿元现金！他就特朗普关税发出严厉警告，此前已宣布年底退休
新浪财经·2025-08-03 07:39