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Nebius soars on second quarter revenue beat
['Sam Boughedda', 'Wed', 'August At Pm Gmt', 'Min Read']
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The company posted revenue of $582.3 million for the second quarter, surpassing the analyst consensus of $569.9 million.
However, Nebius reported an adjusted loss per share of -$0.68, compared to adjusted earnings of $2.05 in the prior-year period.
Operating cash flow from continuing operations surged to $2.25 billion in the second quarter, up from negative $167.7 million a year earlier.
Nebius also reported deferred revenue of $5.98 billion, including $4.996 billion in non-current deferred revenue, reflecting strong customer commitments.
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