Nebius beats quarterly revenue estimates as AI demand fuels growth-September 2024-www.financetom.com

Nebius beats quarterly revenue estimates as AI demand fuels growth

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Nebius beats quarterly revenue estimates as AI demand fuels growth

Aug 12, 2026 4:55 AM

Aug 12 (Reuters) - Nebius Group ( NBIS ) surpassed second-quarter revenue

estimates on Wednesday as booming demand for AI infrastructure and cloud

services helped the company win larger contracts and raise prices for computing

capacity.

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.

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