Reported 26 days ago
Nebius Group reported a significant rise in quarterly revenue, reaching $43.3 million in the third quarter, driven by strong demand for AI infrastructure. This marks its first earnings report since resuming trading after a suspension related to geopolitical issues. The company, which emerged following a $5.4 billion restructuring of Yandex's assets, anticipates increased capital expenditure in the coming quarter, primarily for GPU procurement and data center expansion, while still posting a net loss.
Source: YAHOO