Why Nebius Group Is Drawing Both Bulls and Bears After Earnings

Core Insights - Nebius Group (NBIS) reported Q4 revenue of $227.7 million, a 547% increase year-over-year, and achieved its first positive EBITDA of $15 million [1] - The company holds a 28% stake in ClickHouse, valued at approximately $15 billion, but reported a net loss of $249.6 million in Q4 [1] - Nebius's annual recurring revenue (ARR) reached $1.25 billion, driven by partnerships with Microsoft and Meta [1] Financial Performance - Q4 revenue was $227.7 million, reflecting a 547% year-over-year growth [1] - First positive Group Adjusted EBITDA recorded at $15 million [1] - Net loss for Q4 was $249.6 million [1] Market Sentiment - Nebius shares surged 14% in the past week, recovering from a 20% decline [1] - Retail investor sentiment on platforms like Reddit remains bullish, with an average sentiment score of 88 [1] - Mentions of NBIS on Reddit's r/WallStreetBets have increased significantly, indicating heightened interest [1] Valuation and Analyst Outlook - The company trades at a price-to-sales ratio of 61.42x and a forward P/E of 68x [1] - Analysts project revenue growth from $561.71 million in 2025 to $3.18 billion in 2026, a 466% increase, but expect the company to remain unprofitable with an EPS of -$2.18 [1] - Six analysts maintain a "Buy" consensus with an average price target of $152, suggesting a 74.81% upside from the current price of approximately $84.34 [1]