Nebius shares rise following strong Q2 revenue growth

Nebius shares rose 7.5 percent to close at 194.76 euros on Friday, continuing a strong upward trend with a 20 percent increase over the past month. The company's recent momentum is driven by robust second-quarter financial results, which showed revenue climbing to 582.3 million dollars—a 454 percent increase compared to the previous year's quarter. This performance exceeded analyst expectations and included a shift from an adjusted EBITDA loss of 21 million dollars to a profit of 236.2 million dollars.

Reports indicate that Nebius secured four AI cloud contracts during the reporting period, each with an average total volume exceeding one billion dollars. Looking ahead, management is scheduled to present at the Goldman Sachs Communacopia + Technology Conference on September 8, followed by the Citi Global TMT Conference on September 9. These appearances are expected to provide investors with further details regarding capacity expansion, customer contracts, and financing strategies.