SoftBank reports a $2.2B rise in the value of its ByteDance stake for the quarter
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What happened
SoftBank Group reported its first-quarter results on August 6, 2026, for the quarter to June 30, 2026, and CNBC covered them. According to CNBC, the Vision Funds, which house investments spanning OpenAI to TikTok owner ByteDance, gained $1.7 billion in value in the quarter. The gain was primarily driven by a $2.2 billion increase in the value of SoftBank's stake in ByteDance, which offset declines in companies such as PayPay. CNBC's headline focused on a separate $8.2 billion boost from Intel.
The $2.2 billion was a change in how SoftBank valued its holding, as reported by SoftBank. CNBC described a rise in value and did not mention a sale or a new funding round. The report gave no per-share price, no implied valuation for ByteDance as a whole and no size for SoftBank's stake, and it did not say how SoftBank arrived at the new value. CNBC was the only source for this post.
Key points
Why it matters
The $2.2 billion is SoftBank's own revaluation of its stake. The report described no transaction, so it does not set a price at which shares changed hands.
A large holder marking ByteDance up shows the direction of its valuation for the quarter. Without a per-share price or total valuation, the level cannot be read from this source.
ByteDance has no listed share price in this source, so a major holder's reported change in value is one available reference point on how its stake is carried.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series D | Apr 2017 | $11B | $1.0B | CCB International and Sequoia Capital |
| Funding round | Aug 11, 2017 | $20B | $2.0B | General Atlantic |
| Funding round | Oct 25, 2018 | $78B | $3.0B | Unknown |
| Funding round | Dec 11, 2020 | $180B | $2.0B | KKR and Sequoia Capital |
Updated
Fact-check
- SoftBank's Vision Funds gained $1.7 billion in value in the quarter.[1] CNBC returned HTTP 403 for this check; the figure rests on the writer's read of CNBC and our research data.Partly verified
- The gain was primarily driven by a $2.2 billion increase in the value of SoftBank's ByteDance stake.[1] CNBC returned HTTP 403 for this check; the figure rests on the writer's read of CNBC and our research data.Partly verified
- The ByteDance gain offset declines in companies such as PayPay.[1] CNBC returned HTTP 403 for this check; the claim rests on the writer's read of CNBC.Partly verified
- CNBC's headline cited an $8.2 billion boost from Intel.[1] CNBC returned HTTP 403 for this check; the headline comes from the source record in our research data.Partly verified
- The results were reported on August 6, 2026 for the quarter to June 30, 2026.[1] CNBC returned HTTP 403 for this check; the publication date comes from the source record and the June 30 quarter end from the event's own data.Partly verified
Sources
- [1]CNBC (opens in a new tab)SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseata $2.2 billion increase in the value of SoftBank's stake in Chinese firm ByteDance
