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884 Nebius Reports 700% Increase in Q1 Revenue

The Information
Martin Peers @ The Information · 05/13/2026 09:35 EDT

Nebius Reports 700% Increase in Q1 Revenue

AI cloud firm Nebius’ revenues rocketed 684% to $399 million in the first quarter, the company reported Wednesday morning, reflecting the explosion of demand for AI neoclouds’ computing capacity. But Nebius, like fellow neocloud CoreWeave, is burning cash. Its capital expenditures jumped to ...

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