SoftBank Q1 results: A look at the key highlights

Published by: Priyanka Deshpande

SoftBank, a global technology conglomerate, announced its Q1 earnings. Here are the key highlights:

SoftBank faced unexpected Q1 loss

477.6 billion yen ($3.3 billion)

Vision Fund gained

159.8 billion yen ($1.1 billion), first positive in 5 quarters

in Indian startups recently

SoftBank invested $15 billion

Vision Fund faced losses in previous quarter

from investment in technology giants like Uber and Coupang

Strategic shifts: 

pausing new investments, reducing holding in major players like Alibaba and Uber

IPO plans for chip firm Arm,

$37 billion in potential IPOs

Mixed track record:

investment in WeWork, FTX resulted in losses

amid market challenges

Vision Funds resilient

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