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SoftBank profit more than triples on gains from OpenAI investment
short by Vaishnavi Mishra / on Saturday, 16 May, 2026
SoftBank said its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in the January-March quarter of 2026. The rise in net profit came on the back of gains in the value of its investment in ChatGPT-maker OpenAI, with its cumulative gains on the investment ​totalling $45 billion. It was SoftBank's fifth consecutive quarterly profit.
read more at Reuters