Softbank Corp (Buy, TP: ¥2,500, +40%) Q1 24 Quick Take: Tracking strongly; positive mobile ARPU for the first time since FY19
Topline beat estimates by 3%, underpinned by the outperformance from Enterprise and Distribution. For the first time since FY19, mobile ARPU has inflected to growth (+0.3%) with continued momentum in mobile service revenue. Both operating profit and bottom line are now tracking ahead of the full year’s guidance.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.