Nebius Group (NBIS) Earnings Preview: AI-Driven Surge Faces Profitability Test
Nebius Group's stock has skyrocketed nearly 300% year-to-date as investors bet on its pivot to AI cloud services. Tuesday's earnings report will reveal whether operational gains can outweigh mounting losses.
The company's second-quarter revenue surged 625% to $105.1 million, powered by GPU leasing and cloud tools. Yet net losses reached $641.4 million in 2024, with analysts forecasting continued red ink through 2025.
Recent capital raises totaling $4.2 billion fuel an aggressive expansion of data centers and GPU infrastructure. Market watchers await signs of sustainable unit economics as Nebius competes in the red-hot AI infrastructure sector.