Shares of SoftBank Group Corp surged 10% as the company’s telecom arm, SoftBank Corp, raised its full-year profit outlook, driven by an 8% increase in revenue and operating income in the first nine months of fiscal 2025, reaching 5.2 trillion yen and 884 billion yen, respectively. This financial uptick comes as SoftBank Corp balances its business strategy by prioritizing long-term profitability over subscriber growth, despite a slight decline in smartphone subscriptions. Additionally, the strength of Arm Holdings, in which SoftBank holds a significant stake, bolstered market sentiment as the British chip designer posted record quarterly revenue of $1.242 billion, largely attributed to AI-driven growth in data centers and cloud computing sectors.
SoftBank surges 10% amid telecom outlook uplift and Arm AI boost
