SoftBank reports Q2 profit down 17.7% as AI spending climbs
SoftBank Group Corp. posted a net profit of 347.33 billion yen for the April-June quarter, a 17.7% drop from a year earlier, while revenue grew 10.9% to 2.02 trillion yen.
Why it matters
The figures show how SoftBank's AI bets are affecting profitability amid a volatile market.
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SoftBanknet profit347.33 billion yen17.7 percent declinerevenue2.02 trillion yenartificial intelligenceinvestmentearnings forecastbusiness environment