Nebius Group N.V. (NASDAQ:NBIS) reported financial results for the fourth quarter before the market open on Thursday. Here’s a rundown of the report.
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Q4 Revenue Misses, EPS Beats
Nebius reported an adjusted loss of 68 cents per share, beating the consensus estimate for a loss of $1.14 per share. The company posted revenue of $227.70 million, missing the consensus estimate of $246.04 million.
Fourth-quarter group revenue increased 547% year-over-year and 56% sequentially. Core AI cloud revenue rose more than 800% from the prior-year quarter and represented approximately 94% of total group revenue. The company said demand exceeded capacity in its core AI cloud business and that it operated at peak utilization during the quarter.
Annualized run-rate revenue reached $1.25 billion as of the end of December, exceeding prior guidance of $900 million to $1.1 billion and more than doubling from the end of the …