Nebius rents out AI cloud capacity and is scaling from a small base. Revenue in the second quarter of 2026 reached $582.3 million against $105.1 million in the same quarter of 2025 — a 454% year-on-year rise in revenue
Nebius Group N.V., an AI cloud company, reported its unaudited financial results for the three months ended June 30, 2026. The company's consolidated revenues, which include Nebius AI cloud, Avride, and TripleTen, were $582.3 million in Q2 2026. This represents a 454% increase from the $105.1 million in revenues reported for the same period in 2025.
Verified 2026-08-15
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Smaller AI cloud providers are growing quickly from a low base by renting chips to AI developers.
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