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AI cloud firm Nebius Group expects up to $1 bln in ARR in 2025
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AI cloud firm Nebius Group expects up to $1 bln in ARR in 2025
Oct 18, 2024 11:45 AM

Oct 18 (Reuters) - AI infrastructure firm Nebius Group

expects to make annual recurring revenue of $500

million to $1 billion in 2025, the company said on Friday before

trading of its shares resumes on Nasdaq on Monday after a

lengthy suspension.

Trading was suspended soon after Russia's February 2022

invasion of Ukraine, when the stock was traded under the

ticker of Russian internet giant Yandex

through its Amsterdam-based parent company. In July, Nebius

emerged following a $5.4-billion deal to split Yandex's Russian

and international assets.

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