SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.

SoftBank Group plunged into the red in its fiscal Q3, with the value of its Vision Funds hit by declining share prices in its vast portfolio.

SoftBank reported a net loss of nearly $2.4 billion for its fiscal third quarter, with another quarter in the red for its once-heralded Vision Fund unit. The Vision Fund unit, famed for its investment in startups including Uber and DoorDash,

Japanese investor SoftBank Group Corp’s tech-focused Vision funds reported an investment loss of $2.3 billion (352.7 billion yen) for the quarter ended December. This loss was attributed to the decline in the stock price of some of its public investments,

Japanese tech investor SoftBank (SFTBF) swung to a $2.4 billion loss in the quarter ended December as valuations at its Vision Fund fell,

SoftBank Group Corp. swung to losses for the December quarter due to a drop in the value of the Vision Fund’s public holdings, boding ill for founder Masayoshi Son who has to raise $500 billion for the Stargate artificial-intelligence project.

TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell. The loss will further raise questions about SoftBank's plans for one of its most ambitious undertakings - a hefty investment in OpenAI.

TOKYO: Japanese technology investor SoftBank Group booked a surprising net loss of ¥369.2 billion (US$2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.