Nebius Group Surpasses $390M Q1 Revenue, Driven by AI Cloud Growth
Amsterdam-based Nebius Group reported a first-quarter revenue surge of 684% year-over-year to $399 million, driven primarily by its AI cloud segment. The company's core business grew at an impressive rate and achieved profitability with adjusted EBITDA turning positive for the quarter.
Topics: AI infrastructure cloud computing EBITDA improvement Nebius Group revenue growth