Nebius beats quarterly revenue estimates as AI demand fuels growth
The Amsterdam-based AI infrastructure firm reported total revenue of $582.3 million for the quarter ended June, compared with analysts' average estimate of $572.75 million, according to data compiled by LSEG. Revenue at its core AI cloud business, which accounted for about 98% of group revenue, rose more than 500%.
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Also reported by 1 other outlet
- Nebius shares soar 22% as AI demand powers revenue beat economictimes.indiatimes.com
