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CORRECTED-SoftBank posts third-quarter loss of $2.4 billion

ReutersFeb 12, 2025 6:40 AM

Correct Vision Fund investment result in paragraph 3 to loss.

- Japanese technology investor SoftBank Group 9984.T booked a net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.

That compares to an LSEG consensus estimate of a net profit 234 billion yen drawn from four analysts and a profit of 950 billion yen in the same period a year earlier.

The Vision Fund unit posted an investment loss of 352.7 billion yen, breaking a run of two consecutive quarters in the black.

($1 = 153.6000 yen)

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