Quarterly Revenue for Nebius and StrategyQuarter (Period End) Nebius Revenue Strategy Revenue Q2 2024 (June 2024) $12.1 million $111.4 million Q3 2024 (Sept. 2024) $43.3 million $116.1 million Q4 2024 (Dec. 2024) $37.9 million $120.7 million Q1 2025 (March 2025) $55.3 million $111.1 million Q2 2025 (June 2025) $105.1 million $114.5 million Q3 2025 (Sept. 2025) $146.1 million $128.7 million Q4 2025 (Dec. 2025) $227.7 million $123.0 million Q1 2026 (March 2026) $399.0 million $124.3 millionData source: Company filings. Foolish TakeThe revenue trends for Nebius and Strategy reveal the staggering difference between the former's focus on infrastructure for the hot artificial intelligence sector against the latter's dedication to Bitcoin. Even so, it achieved a solid 12% year-over-year increase in revenue during the first quarter. As its revenue trend shows, Nebius has grown into an AI powerhouse. Its Q1 revenue of $399 million represents an impressive 684% year-over-year jump.