Nebius Group rises, posts upbeat Q2 revenue
12/08/2026 12:48
BUZZ-Nebius Group rises, posts upbeat Q2 revenue ** Shares of AI cloud firm Nebius Group NBIS.O rise 14.4% to $221.00 premarket
** NBIS says its Q2 rev rises 454% y/y to $582 mln, beating analysts' avg. est. of $572.75 mln, according to data compiled by LSEG
** "We closed our largest AI Cloud deals on our strongest terms to date, at prices that represent a step-change in the economics of our business" - CEO Arkady Volozh
** Up to last close, stock had more than doubled this year
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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