TNB Tech Minute: Softbank Posts First Annual Profit in Four Years
WSJ Tech News Briefing
The Wall Street Journal
4.6 • 1.6K Ratings
🗓️ 13 May 2025
⏱️ 2 minutes
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| 0:31.3 | Here's your T&B Tech Minute for Tuesday, May 13th. I'm Victoria Craig for the Wall Street |
| 0:36.0 | Journal. SoftBank today reported its first |
| 0:38.7 | annual profit in four years. After expenses, the Japanese tech investment company booked a profit of |
| 0:44.4 | $7.7 billion, helped in part by gains from its stake in T-Mobile U.S. The company has been pivoting |
| 0:51.0 | to a strategy focused on bigger investments, especially as earnings |
| 0:54.6 | improve and tech stocks march higher on advancements in AI. |
| 0:59.3 | Elsewhere, Microsoft announced it will cut thousands of jobs as it streamlines its management |
| 1:03.7 | ranks. |
| 1:04.4 | The company said less than 3% of its workforce or fewer than 7,000 jobs will be affected. |
| 1:10.3 | Last month, Microsoft's CFO told investors, |
| 1:13.5 | the company's headcount was 2% higher than a year ago. She said the focus is on building |
| 1:18.0 | high-performing teams and increasing agility by reducing layers with fewer managers. Microsoft's |
| 1:24.3 | latest earnings beat analysts' expectations and showed revenue growth across its business segments. |
| 1:30.3 | And finally, ESPN took the wraps of its highly anticipated streaming service called ESPN. |
| 1:36.1 | It's prized at $29.99 a month. |
| 1:39.1 | Set to launch this fall, the company says the new platform will give users access to all content on ESPN's TV channels. |
| 1:46.1 | That includes professional and college football and basketball. Disney, which owns ESPN, |
| 1:51.3 | will include the new sports streaming service in its bundle with Disney Plus and Hulu for a cost of $35.99 a month. |
| 1:59.1 | For a deeper dive into what's happening in tech, check out Wednesday's Tech News Briefing podcast. |
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