Nebius beats quarterly revenue estimates as AI demand fuels growth
12/08/2026 12:41
Nebius beats quarterly revenue estimates as AI demand fuels growth Aug 12 (Reuters) - Nebius Group NBIS.O surpassed second-quarter revenue estimates on Wednesday as booming demand for AI infrastructure and cloud services helped the company win larger contracts and raise prices for computing capacity.
The Amsterdam-based AI infrastructure firm reported total revenue of $582.3 million for the quarter ended June, compared with analysts' average estimate of $572.75 million, according to data compiled by LSEG.
(Reporting by Rashika Singh in Bengaluru; Editing by Vijay Kishore)
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