SoftBank Returns to Profitability, Posts 248.6 Billion Yen in Q3
SoftBank Group reported a net profit of 248.6 billion yen ($1.62 billion) for the October-December quarter, reversing a prior-year loss and marking the fourth straight quarter of profitability. Gains were driven by an increase in the valuation of its investment in OpenAI, where SoftBank has expanded its stake; the company has also continued asset s…