Take-Two reaffirms November release for “GTA 6,” reports better-than-expected Q4 net bookings

Workday spiked as much as 10% after-hours on Thursday as the B2B software-as-a-service company announced first-quarter results.

Here are the numbers:

• Q1 revenue of $2.54 billion (compared to analyst estimates of $2.51 billion).

• Q1 adjusted earnings per share of $2.66 (estimate: $2.51).

• Q1 subscription revenue of $2.35 billion (estimate: $2.33 billion).

This was Workday’s first quarter with its returning CEO, cofounder Aneel Bhusri, who retook the reigns in February of this year. It was also a test to see how the company’s ongoing AI pivot has been going, as AI investment often comes with steep costs that may not initially be fully counterbalanced by savings through efficiency.

Workday has been trading down 40% since the beginning of 2026.

In February, the company also cut about 2% of its global workforce (~400 positions) — which follows larger-scale layoffs last year as the company leaned into AI.

The software company is also still litigating a nationwide class-action lawsuit that alleges it uses said AI to algorithmically discriminate against certain job seekers based on age, race, and disability (which the company disputes).

Looking ahead, the company said it projects 2027 subscription revenue outlook of $9.925 billion to $9.950 billion, on par with analyst estimates.

“Our focus remains on executing on our agentic AI roadmap while driving operational efficiencies as we scale,” said CFO Zane Rowe. The company said in a Q4 earnings call that AI was involved in roughly half of all customer base transactions.

SoftBank shares skyrocketed in Tokyo trading, notching their biggest daily gain since 2000, boosted by news about planned IPOs at OpenAI, in which SoftBank has a sizable stake, and SoftBank’s own SB Energy unit. ADRs of SoftBank traded in the US rallied, too.

OpenAI is accelerating the timeline to its public debut, preparing to confidentially file its IPO prospectus with regulators as early as Friday, according to The Wall Street Journal. That could set the stage for a highly anticipated public listing as early as September.

SoftBank has systematically expanded its financial exposure to OpenAI, securing a highly valuable stake in the company. As of the fiscal year-end, SoftBank’s cumulative investment in OpenAI totaled $34.6 billion, with a fair value of $79.6 billion, and cumulative investment gains totaled $45 billion, according to a SoftBank filing.

For SoftBank, a successful public debut is critical to demonstrating that OpenAI can protect its market position amid intense industry pressure. Investors have grown increasingly anxious that OpenAI is losing ground to competitors like Anthropic, which is currently in talks for a funding round that could push its own valuation past that of OpenAI.

Adding to the upward momentum, SB Energy, the digital infrastructure and clean energy development firm co-owned by SoftBank and Ares Management, confirmed its own confidential draft registration filing for a major US public listing.

This multipronged IPO pipeline has boosted investors’ confidence in billionaire founder Masayoshi Son’s high-conviction AI thesis, showcasing a road map for SoftBank to transition its paper gains into potential liquidity. SoftBank’s stock is up 37% so far this year.