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Nebius Group N.V. (NBIS), an AI cloud infrastructure provider based in Amsterdam, reported a 625% year-over-year revenue increase to $105.1 million for Q2 2025. The surge is attributed to the demand for AI infrastructure, particularly for copper GPUs, with revenues growing more than nine times compared to the previous year.
The company anticipates its annualized run rate (ARR) revenues for 2025 will rise to between $900 million and $1.1 billion. Additionally, Nebius has signed a five-year, $17.4 billion deal with Microsoft for AI infrastructure, which could expand to $19.4 billion based on added capacity.
Nebius faces competition from major players like Microsoft and CoreWeave, as overall AI compute demand remains high amid broader macroeconomic uncertainties.
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