SoftBank posts profit beat boosted by stakes in Intel and TikTok-owner ByteDance
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SoftBank posts profit beat boosted by $8.2 billion investment gain from Intel
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations.
- SoftBank reported a profit beat of 347.3 billion yen for Q1.
- $8.2 billion gain from Intel investment contributed to net profit.
- Vision Funds saw $1.7 billion gain in value primarily due to ByteDance stake.
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