Bets on firms like Door Dash saw the firm smash analyst forecasts third quarter net profit jumped more than 20 times to just over $11 billion.

That is more than six times the figure predicted by analysts.

The numbers will come as a relief to Softbank chief Masayoshi Son.

He was battered by a string of high profile MRS such as the flopped AIPO for office sharing firm We Work.

The problems forced him to sell assets on lead, some to ask if he'd lost his touch for investments.

Now the gains follow a sea change at Softbank's Mammoth Vision Fund investment unit.

It Alone book to profit off $8 billion Thief Fund has been helped by a buoyant global equities market, which has driven tech stocks higher.

That's or its 82 investments valued at about $90 billion compared with a purchase price off just over 76 billion.