Nebius Group Sees Significant Revenue Growth in Q2 2026

Nebius Group N.V., listed on NASDAQ as NBIS, reported a substantial increase in its financial results for the second quarter of 2026. Revenues soared by 454% to USD 582.3 million compared to the same period in 2025. For the first half of the year, revenues also experienced a sharp rise of 529% reaching USD 981.3 million.

The company's Adjusted EBITDA improved significantly, moving from a loss of USD 21 million in Q2 2025 to a positive of USD 236.2 million in Q2 2026. However, net income from continuing operations saw a decline, registering a loss of USD 190.4 million this quarter compared to a profit of USD 502.5 million in the same period last year.

Nebius attributes its growth primarily to the core AI cloud business. Despite the rise in operating expenses, which soared by 251%, the company's strategic investments in product development and its focus on AI innovations appear to be yielding significant returns.