SoftBank Clocks 6% Revenue Growth In Q3


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  • SoftBank Group Corp (OTC:SFTBYreported a third-quarter FY21 revenue growth of 6% Y/Y to ¥1.6 trillion.
  • Arm revenue grew 20.6% Y/Y to ¥66 billion.
  • The gross profit expanded 12.5% Y/Y to ¥841.9 billion.
  • SoftBank's net income declined 95.1% Y/Y to ¥59.2 billion. EPS was ¥11.43.
  • Softbank generated ¥2.4 trillion in operating cash flow during the nine months ended December 31, 2021, and held ¥4.6 trillion in cash and equivalents.
  • SoftBank informed that it is exploring initial offering plans for Arm Ltd after NVIDIA Corp (NASDAQ:NVDAplanned to ditch the idea of its takeover amid regulatory challenges.
  • Price Action: SFTBY shares closed higher by 3.24% at $23.23 on Monday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: EarningsNewsTechBriefs