SoftBank swung back to profitability in its fiscal third quarter, reporting net income of 248.6 billion yuan — roughly $1.6 billion — for the three months ending December. These numbers, as reported by the Financial Times, represent a stark reversal from the 369 billion yuan (53.4 billion USD) loss the company posted in the same quarter last year.

This turnaround of the company’s fortunes was primarily driven by a $4.2 billion gain tied to its stake in OpenAI, which is part of a broader $17 billion in gains the company says it has recorded on the ChatGPT-maker in the financial year to date — strip out that contribution and the quarter would have looked very different.