News on Medial

Related News

SoftBank turns around in FY25: Clocks $7.4 Bn profit, bets big on AI and chips

EntrackrEntrackr · 4m ago
SoftBank turns around in FY25: Clocks $7.4 Bn profit, bets big on AI and chips
Medial

SoftBank Group has posted a net profit of $7.4 billion in FY25, marking a sharp reversal from a loss of $1.4 billion in the previous year. The turnaround follows aggressive bets on artificial intelligence and semiconductor plays. The Japanese conglomerate’s revenue rose 7.2% year-on-year to $45.97 billion, while income before tax jumped to $10.8 billion from just $367.5 million last year. SoftBank attributed the gain to a $23.5 billion investment profit from holdings in Alibaba, T-Mobile, and Deutsche Telekom. Its investment business, led by founder Masayoshi Son, recorded ¥3.41 trillion ($21.7 billion) in gains. This included ¥1.88 trillion ($11.94 billion) from Alibaba and ¥1.35 trillion ($8.58 billion) from T-Mobile. However, these were partially offset by a ¥2.03 trillion derivative loss, largely due to prepaid forward contracts using Alibaba shares. The performance of the Vision Fund segment remained mixed. While Vision Fund 1 clocked a ¥940 billion gain ($5.97 billion), Vision Fund 2 posted a loss of ¥526 billion ($3.34 billion). The group also incurred a ¥491.8 billion ($3.17 billion) charge related to third-party investor interests in the Vision Funds. A large part of Vision Fund 2’s losses came from a drop in the value of companies like Ola and Swiggy, which saw their stock prices and valuations fall. SoftBank said the value of its publicly listed investments under Vision Fund 2 fell by 21.7% in the last quarter. Meanwhile, SoftBank is doubling down its investment in AI infrastructure. It has committed up to $30 billion to OpenAI Global and is acquiring US-based chipmaker Ampere for $6.5 billion. The group also launched the “Stargate” project — a $500 billion initiative to build large-scale AI data centers. Despite the return to profitability, SoftBank flagged macro uncertainties including FX volatility, regulatory risks, and performance variance in its private market bets. The company will propose a year-end dividend of ¥22 ($0.14) per share, taking the full-year payout to ¥44 ($0.28), unchanged from last year.

Info Edge posts Rs 729 Cr revenue in Q2 FY26

EntrackrEntrackr · 4h ago
Info Edge posts Rs 729 Cr revenue in Q2 FY26
Medial

Info Edge (India) Ltd, the parent company of Naukri.com, 99acres, and Jeevansathi, reported a 12% increase quarter-on-quarter in its revenue to Rs 729 crore for the quarter ended September 2025. Revenue from Naukri.com accounted for 76% of the total income, which grew 11% to Rs 545 crore in Q2 FY26 from Rs 492 crore in Q2 FY25. Meanwhile, its real estate vertical, 99acres, recorded a 14% QoQ jump in revenues to Rs 122.4 crore in Q2 FY26. The other segment, which includes platforms such as Shiksha and Jeevansathi, saw the highest growth at 21%, reaching Rs 61.6 crore during the quarter. For the half-year ended September 2025, Info Edge’s total revenues grew 12% year-on-year to Rs 1,373.2 crore in H1 FY26 from Rs 1229.7 crore in H1 FY25. During the first half of FY26, recruitment solutions accounted for 74% of the revenue, which rose 10% to Rs 1,015.3 crore from Rs 923.4 crore in H1 FY25. 99acres rose 15.1% to Rs 216.8 crore in H1 FY26 from Rs 188.4 crore in H1 FY25. Meanwhile, the other verticals including Shiksha and Jeevansathi recorded a 19.7% growth to Rs 141.1 crore. Info Edge Ventures is also set to lead ShipGlobal’s pre-Series A round, investing in 2,143 preference shares for Rs 15 crore. Post this, Info Edge will hold 23.81% of ShipGlobal. Info Edge had also announced an investment of Rs 12 crore in its wholly-owned subsidiary, Zwayam Digital Private Limited, which operates in the SaaS space, offering sourcing and screening recruitment solutions. For the first quarter, the company’s operating revenue rose to Rs 791 crore in Q1 FY26 from Rs 677 crore in Q1 FY25, while its profit grew by 32% to Rs 343 crore in Q1 FY26, compared to Rs 259 crore in Q1 FY25. As of 15:15 PM, Info Edge is trading at Rs 1,347, down 1.5% from today’s opening price. The firm’s market capitalization stands at Rs 86,966 crore.

Download the medial app to read full posts, comements and news.