Q2 Earnings Snapshot
Nebius reported an adjusted loss of 68 cents per share, missing the consensus estimate for a loss of 62 cents per share.
Revenue surged 454% year over year to $582.3 million, beating the Street estimate of $572.75 million. Group revenue also rose 46% sequentially, driven by capacity expansion, higher pricing and improved utilization.
Adjusted EBITDA reached $236.2 million, compared with an adjusted EBITDA loss of $21 million a year earlier. The company posted an adjusted net loss of $33.2 million, narrowing from $91.5 million a year ago.
Nebius AI cloud generated $574.9 million in revenue, up 514% year over year and accounting for about 98% of group revenue. Annualized run-rate revenue reached $3 billion, up 56% from $1.9 billion at the end of March.
