Softbank posts a $6.4 billion quarterly profit, its first in over a year, thanks to Arm, DoorDash and a surprise T-Mobile windfall

Softbank posts a $6.4 billion quarterly profit, its first in over a year, thanks to Arm, DoorDash and a surprise T-Mobile windfall

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SoftBank Group Corp. swung to its first profit after four straight quarters of losses, backed by a rebound in the value of Vision Fund’s public holdings and a windfall from T-Mobile US Inc. shares. The Tokyo-based technology investor reported a net income of ¥950 billion ($6.4 billion) for the…

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