SoftBank Group seen booking modest fourth quarter loss as Vision Fund suffers

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Japanese technology investor SoftBank Group is expected to book a quarterly net loss of 26.9 billion yen ($184.4 million) on Tuesday as early-stage tech startups fell out of favour and losses widened at major portfolio firms. The forecast downgrades are seen by analysts as being partially offset by a stronger yen and the continued rise in the share price of SoftBank’s telecommunications holdings, such as T-Mobile, which finished the quarter up more than 20%, close to a record high.

The net loss for the January-March quarter is based on the average of…



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SoftBank Group seen booking modest fourth quarter loss as Vision Fund suffers


Japanese technology investor SoftBank Group is expected to book a quarterly net loss of 26.9 billion yen ($184.4 million) on Tuesday as early-stage tech startups fell out of favour and losses widened at major portfolio firms. The forecast downgrades are seen by analysts as being partially offset by a stronger yen and the continued rise in the share price of SoftBank’s telecommunications holdings, such as T-Mobile, which finished the quarter up more than 20%, close to a record high.

The net loss for the January-March quarter is based on the average of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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