SoftBank Reports $1.5B Q1 Profit Lifted by $80B OpenAI Stake on May 13

According to Reuters, SoftBank Group is expected to report first-quarter net profit of 236 billion yen ($1.5 billion) on May 13, with gains from its OpenAI stake driving results. TD Cowen estimated SoftBank's 11% stake in OpenAI was worth $80 billion at the end of March, after the ChatGPT maker's valuation rose to $840 billion in its latest funding round.

SoftBank plans to invest an additional $30 billion in OpenAI in 2026 and about $25 billion in other AI deals, bringing its total OpenAI investment to $64.6 billion. S&P Global Ratings cut its outlook on SoftBank to negative, citing concentration risk from the large OpenAI exposure.