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Nebius Group NV Q4 2024 Earnings Report
Nebius Group N.V. announced its fourth quarter and full-year 2024 financial results, with significant revenue growth driven by its AI infrastructure business.
Key Takeaways
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.
Q4 2024 revenue increased 466% year-over-year to $37.9 million.
Core AI infrastructure business revenue grew 602% year-over-year in Q4 2024.
Adjusted EBITDA loss for Q4 2024 was $75.5 million, and net loss from continuing operations was $136.6 million.
Nebius Group raised $700 million in an over-subscribed funding round in December 2024.
Nebius Group NV
Nebius Group NV
Nebius Group NV Revenue by Segment
Revenue by Segment
AI Infrastructure Revenue
CapyFin.com Forward Guidance
Nebius Group anticipates continued strong growth, with projected December 2025 ARR of $750 million to $1 billion, driven by additional data center capacity and the deployment of Blackwell GPUs.
Positive Outlook
- Projected December 2025 ARR of $750 million to $1 billion is well within reach.
- Anticipated impact of additional data center capacity coming on-stream later this year.
- Blackwell GPUs coming on-stream later this year will boost performance.
- March ARR is expected to be at least $220 million based on existing contracts.
- Additional potential deals are in the pipeline, indicating future growth.
Challenges Ahead
- December 2024 ARR for Nebius was below previous guidance.
- Longer lead times for customer acquisition impacted ARR.
- Building out sales and marketing teams is an ongoing process.
- Migration of customers to the new AI-cloud platform took time.
- The company continues to incur significant losses from operations due to investments in growth.