Loading...
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.
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...