Nebius Jumps 34.14% After 454% Revenue Surge to $582.3 Million
Updated
Updated · Barchart · Aug 16
Nebius Jumps 34.14% After 454% Revenue Surge to $582.3 Million
3 articles · Updated · Barchart · Aug 16
Summary
$582.3 million in quarterly revenue—up 454% from a year earlier—sent Nebius shares up 34.14% after the AI cloud company crushed estimates.
Adjusted EBITDA swung to a $236.2 million profit from a $21 million loss, while annualized revenue run-rate hit $3 billion and operating cash flow reached $2.3 billion.
Nebius also showed a stronger balance sheet than CoreWeave, ending with about $8 billion in cash against $8.5 billion in debt and roughly $119 million in quarterly interest expense.
CoreWeave posted strong growth too, with revenue more than doubling to $2.58 billion, but its net loss widened to $626 million as $35.6 billion of debt drove about $640 million in net interest costs.
That contrast helps explain why investors have pushed Nebius up 261% over the past year and why analysts have recently lifted targets as AI infrastructure demand accelerates.