🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
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Berkshire Hathaway's Q1 net profit fell to $4.6 billion, cash reserves hit a new record.
Jin10 Data reported on May 3rd that Berkshire Hathaway's net profit for the first quarter was $4.603 billion, a decrease of 64% compared to the same period last year, when the profit was $12.702 billion; the first quarter revenue was $89.725 billion, compared to $89.869 billion in the same period last year; the first quarter investment net loss was $5.038 billion, compared to a profit of $1.48 billion in the same period last year. As of the end of the first quarter of 2025, Berkshire Hathaway's cash position rose to $347.7 billion, setting a new historical high. (As of the end of the previous quarter, it was $334.2 billion)