NBIS Nebius Group (NBIS) Q3 FY25 earnings call
Nebius Group delivered robust Q3 FY25 results, driven by overwhelming demand for its AI cloud capacity, leading to significant new mega-deals with Meta and Microsoft. The company is aggressively expanding its infrastructure to meet this demand, which remains the primary bottleneck to revenue growth. Management is focused on balancing rapid expansion with disciplined capital allocation and maintaining healthy unit economics, while also diversifying its customer base beyond hyperscalers to include AI startups and enterprises.
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NBIS operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | This call 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.