- Nebius reported Q2 revenue of $582.3 million, up 454% year over year and 45.94% sequentially, with adjusted EBITDA of $236.2 million versus a $21 million loss a year earlier.
- AI Cloud generated about $575 million of Q2 revenue, up 514% year over year, and delivered an adjusted EBITDA margin of about 50%.
- Nebius plans $20 billion to $25 billion of capex this year, making data-center deployment, funding and conversion of contracted capacity into cash flow the central execution test.
- Soros Fund Management disclosed a new Q2 position of 310,000 Nebius Class A shares valued at about $85.6 million at quarter-end.
- Nebius' agreement with Meta includes $12 billion of dedicated-capacity purchases and up to $15 billion of additional capacity across five years; deployments are scheduled to begin in early 2027 using Nvidia's Vera Rubin platform.
Quotes
“Nebius generated $582.3 million in Q2 revenue, up 454% from a year earlier and above analysts' estimates, as customers sought more AI computing capacity.”
“Nebius plans to invest $20 billion to $25 billion in capital expenditures this year to expand its AI infrastructure footprint.”