Nebius Group NV Earnings Reports

Nebius Group N.V. reported a substantial increase in Q4 2024 revenue, up 466% year-over-year to $37.9 million, primarily fueled by its core AI infrastructure business which grew 602%. Despite this growth, the company recorded an adjusted EBITDA loss of $75.5 million and a net loss from continuing operations of $136.6 million.

Nebius Group N.V. announced strong Q3 2024 financial results, with total revenue increasing 1.7 times quarter-over-quarter to USD 43.3 million, primarily due to the rapid growth of its core AI infrastructure business. The company also reported a reduced net loss from continuing operations and a significant increase in cash and cash equivalents.