Nebius Group’s Rapid Growth in AI Infrastructure
Nebius Group (NASDAQ: NBIS), previously known as Yandex, re-entered the Nasdaq on October 21, 2024, trading at $14.29 per share after divesting its Russian assets due to sanctions. As of now, its stock is trading around $98, reflecting significant growth. A $10,000 investment during its initial trading would be worth over $68,500 today.
In 2024, Nebius reported a revenue increase of 462% to $117.5 million, and year-to-date figures for 2025 show a 437% surge year-over-year, amounting to $302.1 million. Analysts predict revenue will continue to grow at a compounded annual growth rate (CAGR) of 302%, reaching $7 billion to $9 billion in annualized revenue by the end of 2026. Key partnerships with Microsoft and Meta Platforms, valued at $17.4 billion and $3 billion, respectively, are expected to drive further expansion.
Despite a negative adjusted EBITDA of $79.9 million for the first nine months of 2025, projections estimate that by 2026, Nebius could become profitable, with expected adjusted EBITDA rising to $1.36 billion by 2026, and $4.87 billion by 2027. The company aims to secure 2.5 gigawatts of contracted power by 2026 to support its expanding data center operations.
