Uber Posts Better-Than-Expected Earnings
The ride-hailing company marked its first profitable year and teased the possibility of stock buybacks as its stock continued climbing.
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The ride-hailing company marked its first profitable year and teased the possibility of stock buybacks as its stock continued climbing.
The Tokyo-based technology investor reported a net income of ¥950 billion ($6.4 billion) for the December quarter, reversing a ¥783 billion loss for the same period a year ago.
Softbank last reported positive net income in September 2022; the Japanese company struggled to navigate volatile tech markets since then.
Japan's SoftBank Group returned to profit for the first time in five quarters on Thursday, as the Japanese tech investment firm was buoyed by an ......
TOKYO: Japan's SoftBank Group returned to profit for the first time in five quarters on Thursday (Feb 8), as the Japanese tech investment firm was buoyed by an upturn in portfolio companies, sparking hope it was emerging from a period of retrenchment. Net profit totalled 985.5 billion yen (US$6.6 billion)