Group 1 - Nebius Group N.V. (NASDAQ: NBIS) was previously part of Yandex, often referred to as the "Russian Google," and now operates independently from Amsterdam [1] - The stock has been covered and owned since February of the current year, indicating a long-term interest in the company's performance [1] Group 2 - The article does not provide specific financial metrics or performance data related to Nebius Group N.V. or its market position [2]

Core Insights - Nebius Group NV (NASDAQ:NBIS) is experiencing significant stock performance, with shares up 21% to $66.80, marking a potential best single-session gain ever for the company [1][2] - The company reported second-quarter earnings and revenue that exceeded estimates, with revenue increasing by 625% year-over-year [1] - DA Davidson raised its price target for NBIS from $55 to $65 following the earnings report [1] Stock Performance - NBIS shares reached a four-year high of $70.54 and are currently up 141% in 2025 [2] - Prior to the recent surge, the stock had support at its 40-day moving average [2] - There is potential for a short squeeze, with short interest increasing and 13.76 million shares sold short, accounting for 7.1% of the total available float [2] Options Activity - Call options trading is notably high, with over 208,000 contracts traded, which is seven times the average intraday volume [3] - The August 71-strike call is the most popular among options traders, indicating expectations for the stock to reclaim that level by the end of the month [3]

智通财经APP获悉，周四，英伟达持仓股Nebius(NBIS.US)股价走高，截至发稿，该股涨超23%，报68美 元。消息面上，公司Q2营收1.05亿美元，同比大增625%，调整后净亏损9150万美元，低于预期的1.023 亿美元亏损；年化运行率收入(ARR)展望为9亿至11亿美元。 ...

周四，英伟达持仓股Nebius(NBIS.US)股价走高，截至发稿，该股涨超23%，报68美元。消息面上，公 司Q2营收1.05亿美元，同比大增625%，调整后净亏损9150万美元，低于预期的1.023亿美元亏损；年化 运行率收入(ARR)展望为9亿至11亿美元。 ...

Exhibit 99.1 Nebius reports second quarter financial results and raises ARR guidance for 2025 Amsterdam, August 7, 2025 – Nebius Group N.V. (NASDAQ: NBIS), a leading AI infrastructure company, today announced its unaudited financial results for the second quarter ended June 30, 2025. "Nebius is continuing to deliver exceptional results," said founder and CEO Arkady Volozh. "In Q2 we more than doubled revenue from the previous quarter, and our core business achieved positive Adjusted EBITDA ahead of plan. Be ...

Financial Data and Key Metrics Changes - The company reported revenue of $105.1 million, representing a 625% year-over-year increase and a 106% quarter-over-quarter increase, driven by strong performance in the core business [11] - The annualized run rate revenue guidance was raised from $700 million to a new range of $900 million to $1.1 billion, reflecting strong demand and capacity expansion [4][13] - The company achieved positive adjusted EBITDA in its core AI infrastructure business ahead of expectations [3][21] Business Line Data and Key Metrics Changes - AI cloud infrastructure revenue increased more than nine times year-over-year, driven by high customer demand for corporate GPUs and near-peak utilization of the platform [11] - The company expects to have 220 megawatts of connected power by the end of the year, with 100 megawatts of active power [13][14] Market Data and Key Metrics Changes - The company is expanding its customer base significantly, adding large global technology customers such as Cloudflare, Process, and Shopify, while also maintaining a strong position with AI tech startups [6] - The demand for AI compute is expected to grow stronger, with the company ramping up capacity to support this growth [8] Company Strategy and Development Direction - The company is aggressively increasing data center capacity and expects to secure over one gigawatt of power by 2026 to capture industry growth [5] - The focus is on becoming a leader in AI cloud infrastructure, with significant investments in capacity to meet growing demand [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong momentum of the business and the exceptionally high demand for AI compute, indicating a bright future for the company [12][15] - The company is well-positioned to capitalize on the growing AI market, with a strong balance sheet and access to additional capital [7][49] Other Important Information - The company has raised over $4 billion in capital so far and has access to potentially billions more through non-core businesses and equity stakes [7] - The company is maintaining its CapEx guidance of around $2 billion for 2025 [15] Q&A Session Summary Question: What does the overall demand environment look like as we move into the second half of the year? - The demand environment in Q2 was very strong, with peak utilization achieved by the end of the quarter, and larger clusters attracting new large customers [18][19] Question: How should we think about adjusted EBITDA for the core business and the whole group going forward? - The core business reached adjusted EBITDA profitability this quarter, and the group anticipates turning adjusted EBITDA positive by the end of the year, but it will remain negative for the full year [21] Question: Can you provide an update on ARR this quarter? - ARR grew from $249 million in March to $430 million in June, with strong momentum continuing into July [22] Question: How should we think about revenue for next year with the one gigawatt of contracted power? - It is too early to provide 2026 guidance, but the midterm outlook remains strong, with several billion dollars of revenue expected in the coming years [27] Question: How are tariffs impacting your business and margins? - It is early to determine the definitive impact of tariffs, but the market is expected to balance out any short-term fluctuations [30] Question: What is the return on CapEx? - The company expects to break even on the hopper generation in two to three years, with potential to shorten the return on invested capital as higher margin software and services revenue scales [34] Question: Can you walk us through the timeline for the infrastructure build-out for this year? - The company is ramping up capacity with significant projects in New Jersey and Finland, expecting to have 220 megawatts of connected power by the end of the year [36][37] Question: What partnerships do you think are most meaningful? - The company has made strong progress with partnerships, including integrations with Mistral, Base 10, and Skypilot, which enhance the ease of use of its AI cloud [72] Question: How is NVIDIA Leptin impacting your business? - The partnership with NVIDIA has generated a significant pipeline of customers, enhancing the company's position in the AI ecosystem [91] Question: Do you expect to benefit from Europe's ramping up of AI investments? - Yes, the company is well-connected in Europe and expects to be a major AI infrastructure builder in the region [93]

Financial Data and Key Metrics Changes - The company reported revenue of $105.1 million, representing a 625% year-over-year increase and a 106% quarter-over-quarter increase, driven by strong performance in the core business [11] - The annualized run rate revenue guidance was raised from $700 million to a new range of $900 million to $1.1 billion, reflecting strong demand and capacity expansion [4][13] - The company achieved positive adjusted EBITDA in its core AI infrastructure business ahead of expectations [3][20] Business Line Data and Key Metrics Changes - AI cloud infrastructure revenue increased more than nine times year-over-year, driven by strong customer demand for corporate GPUs and near-peak utilization of the platform [11] - The company expects to have 220 megawatts of connected power by the end of the year, with 100 megawatts of active power [13] Market Data and Key Metrics Changes - The company is expanding its customer base significantly, adding large global technology customers such as Cloudflare, Process, and Shopify, while also maintaining a strong position with AI tech startups [6] - The demand for AI compute is expected to remain strong, with the company planning to secure over one gigawatt of power by 2026 to capture industry growth [5][8] Company Strategy and Development Direction - The company is aggressively ramping up data center capacity and enhancing its software cloud platform to support expanding capacity and meet demand [5][6] - The focus is on becoming a leader in AI cloud infrastructure, with significant investments planned to capture growth opportunities [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for AI compute and the company's ability to scale operations effectively [8][12] - The company anticipates turning adjusted EBITDA positive at the group level by the end of the year, with expectations for continued growth in 2026 and beyond [20][12] Other Important Information - The company has raised over $4 billion in capital and has access to potentially billions more through non-core businesses and equity stakes [7] - The company is maintaining its capital expenditure guidance of around $2 billion for 2025 [15] Q&A Session Summary Question: What does the overall demand environment look like as we move into the second half of the year? - The demand environment in Q2 was very strong, with peak utilization achieved by the end of the quarter, indicating growing opportunities in the market [17][19] Question: How should we think about adjusted EBITDA for the core business and the whole group going forward? - The core business is expected to remain positive throughout the year, while group adjusted EBITDA is anticipated to turn positive by the end of the year but will remain negative for the full year [20] Question: Can you provide an update on ARR for the year? - ARR grew from $249 million in March to $430 million in June, with strong momentum continuing into July [21] Question: How should we think about revenue for next year with the one gigawatt of contracted power? - It is too early to provide 2026 guidance, but the company reaffirms its midterm outlook for several billion dollars in revenue [26] Question: How do tariffs impact your business and margins? - The impact of tariffs is still being assessed, but the company is confident that the market will balance out any short-term fluctuations [28] Question: What is the expected return on CapEx? - The company expects to break even on the hopper generation in roughly two to three years, with potential for a shorter return on invested capital as software and services revenue scales [30][32] Question: What is the timeline for the infrastructure build-out for this year? - The company is ramping up capacity with significant projects in New Jersey and Finland, expecting to have 220 megawatts of connected power by the end of the year [34][35] Question: How do you plan to finance the capacity expansion for this year and next year? - The company has significant cash on hand and will approach additional capital raising opportunistically based on market conditions [45] Question: What partnerships do you think are most meaningful? - The company has made strong progress with partnerships, including integrations with Mistral and Base 10, which extend the ease of use of its AI cloud [66] Question: How is NVIDIA Leptin impacting your business? - The partnership with NVIDIA has generated a significant pipeline of customers, enhancing the company's position in the AI ecosystem [82] Question: Do you expect to benefit from Europe's ramp-up in AI investments? - The company is well-connected in Europe and expects to be a major AI infrastructure builder in the region [84]

Core Viewpoint - The article discusses the performance and outlook of Nebius Group N.V. (NASDAQ: NBIS) following its Q1 2025 earnings report, highlighting the stock's movement over the past two months [1]. Company Summary - Nebius Group N.V. has seen notable stock performance since the last earnings report, indicating potential investor interest and market activity [1]. Analyst Background - The analysis is conducted by a seasoned research analyst with over 10 years of experience in investment banking, specializing in biotechnology, internet, and media sectors [1].

Core Insights - Nebius Group N.V. (NBIS) is set to report its Q2 2025 results on August 7, with a consensus estimate of a loss of $0.42 and total revenues of $95.05 million [1][10] Company Overview - Nebius, based in Amsterdam, is focused on AI infrastructure, operating an AI-powered cloud platform for intensive AI and ML workloads [2] - The company resumed trading as a public entity in October 2024 [2] Earnings Predictions - The current model does not predict an earnings beat for NBIS, with an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell) [3][4] Revenue and Growth Factors - Accelerating demand for AI infrastructure services is expected to positively impact revenue, with annualized recurring revenues (ARR) for April reported at $310 million, supporting a full-year ARR guidance of $750 million to $1 billion for 2025 [5] - Nebius is expanding its data center footprint and GPU deployments in the U.S. and Europe, which is expected to enhance service delivery and reduce latency [6] Infrastructure and Client Integration - Significant upgrades to AI cloud infrastructure and improved object storage capabilities are anticipated to lower time-to-result for end users [7] - Expanded integrations with external AI platforms are likely to attract more clients [7] Competitive Landscape - Nebius faces intense competition from major players like Amazon and Microsoft, which dominate over half of the cloud services market [8] Financial Performance and Projections - Despite strong revenue growth, Nebius remains unprofitable, with adjusted EBITDA expected to be negative for the full year 2025, although it may turn positive in the second half of the year [11] - The company has raised its 2025 capital expenditure forecast to approximately $2 billion, indicating high capital intensity [11] Deconsolidation Impact - Nebius will deconsolidate Toloka due to a drop in voting share below 50%, which will affect its financials and guidance in the upcoming earnings report [12] Stock Performance - Nebius shares have increased by 59.6% over the past six months, outperforming the Zacks Computer & Technology sector and the S&P 500 [13] - Compared to peers, Nebius has shown better performance than Microsoft but less than CoreWeave, which gained 165% [18] Valuation Concerns - The stock is considered to have a stretched valuation, with a Price/Book ratio of 4.04, similar to the industry average [19][20]

Group 1 - Nebius Group (NASDAQ: NBIS) stock has increased over 60% since the previous report in May, significantly outperforming the S&P 500's 8.3% gain [2] - The stock is currently trading well above the initial price target, with Q2 earnings approaching, indicating a timely opportunity for investors [2] - The Aerospace Forum aims to discover investment opportunities in the aerospace, defense, and airline industry, leveraging data-informed analysis [2] Group 2 - The analyst has a background in aerospace engineering, providing context to developments in a complex industry with significant growth prospects [2] - The investing group offers direct access to data analytics monitors, enhancing the investment research process [2]