NBIS Nebius Group (NBIS) Q2 FY25 earnings call
Nebius Group delivered a strong second quarter, significantly exceeding revenue expectations and achieving early adjusted EBITDA profitability in its core AI infrastructure business. The company is aggressively expanding its data center capacity to meet surging AI compute demand, leading to a substantial increase in its year-end ARR guidance. Management is focused on scaling its platform and go-to-market strategy to capitalize on the generational opportunity in AI cloud infrastructure.
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NBIS operating KPIs by quarter
| KPI | This call Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Annual recurring revenue (ARR) | $430MReality is that we show strong momentum in Q2 with annualized run rate revenue growing from $249 million in March to $430 million in June.Source: earnings call transcript | $551MAnnualized run rate revenue for the core business at the end of September was $551 million.Source: earnings call transcript | $3BAnnualized run rate revenue reached $3 billion at the end of June, up 598% and increased 56% from $1.9 billion at the end of March.Source: earnings call transcript | +444.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.