SoftBank Swings to $7 Billion Loss on Data Centre Writedown
SoftBank reported a net loss attributable to shareholders for the three months to September 30, versus a profit a year earlier. Shares rose 13.9% to JPY3,872 in Tokyo.
The net loss attributable to shareholders for the three months to 30 September compared with a JPY2.502trn profit a year earlier, when earnings were boosted by gains on its investment in ChatGPT developer OpenAI.Despite the disappointing results, SoftBank shares surged 13.9% to JPY3,872 in Tokyo, r…