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Nebius Group Releases Q1 2026 Financial Results
On May 13, 2026, Nebius Group N.V., an AI cloud company listed on NASDAQ, released its unaudited financial results for the first quarter ending March 31, 2026. The company reported a substantial revenue growth of 684%, reaching $399 million compared to $50.9 million in the same quarter of the previous year.
The first quarter of 2026 saw Nebius securing power and land for a new AI factory in Pennsylvania. Adjusted EBITDA showed a notable increase to $129.5 million, while net income from continuing operations improved significantly to $621.2 million.
Total operating costs climbed 208% to $527 million, with the cost of revenues rising 320% to $103.8 million. The number of outstanding shares reached 253,898,194 as of March 31, 2026.
A webcast discussing these financial results was scheduled for May 13, 2026, at 8:00 a.m. ET.
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