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%.