Latest news with #BezosExpeditions
Yahoo
20-05-2025
- Business
- Yahoo
Nebius Group N.V. Announces First Quarter 2025 Financial Results
AMSTERDAM, May 20, 2025--(BUSINESS WIRE)--Nebius Group N.V. ("Nebius Group", the "Group" or the "Company"; NASDAQ: NBIS),(1) a leading AI infrastructure company, today announced its unaudited financial results for the first quarter ended March 31, 2025. In Q1 2025, the Group's revenue of $55.3 million increased 385% year over year, driven primarily by the core AI infrastructure business. Adjusted EBITDA loss in Q1 2025 was $62.6 million and net loss from continuing operations was $113.6 million. The Company also today published an inaugural quarterly shareholder letter from founder and CEO Arkady Volozh, and an accompanying presentation with key business and financial updates. These items can be found on the Company's investor relations site at Q1 2025 Financial Highlights Consolidated results (1), (2) In USD $ millions Three months ended March 31 2024 2025 Change Revenues 11.4 55.3 385% Adjusted EBITDA / (loss) (70.9) (62.6) -12% Net loss from continuing operations (80.5) (113.6) 41% Adjusted net loss (77.6) (92.5) 19% Operating expenses In USD $ millions Three months ended March 31 2024 2025 Change Cost of revenues 8.9 29.5 231% as a percentage of revenues 78% 53% Product development 25.2 40.0 59% as a percentage of revenues 221% 72% Sales, general and administrative 51.3 66.1 29% as a percentage of revenues 450% 120% Depreciation and amortization 8.9 49.2 453% as a percentage of revenues 78% 89% Total operating costs and expenses 94.3 184.8 96% as a percentage of revenues 827% 334% Total share-based compensation expense 5.9 17.6 198% as a percentage of operating expenses 6% 10% Selected consolidated cash flow data In USD $ millions Three months ended March 31 2024 2025 Change Cash used in operating activities (69.8) (197.8) 183% Purchases of property, plant and equipment (58.9) (544.0) n/m (1) The following measures presented in this release are "non-GAAP financial measures": Adjusted EBITDA / (loss) and Adjusted net loss. Please see the section "Use of Non-GAAP Financial Measures" below for a discussion of how we define these measures, as well as reconciliations at the end of this release of each of these measures to the most directly comparable U.S. GAAP measures. (2) Results include consolidated financial results of: Nebius, the core AI infrastructure business; Toloka, an AI development platform; TripleTen, an edtech service; and Avride, an autonomous vehicle platform. Subsequent events Toloka Investment from Bezos Expeditions On May 7, 2025 Nebius Group N.V. announced a strategic investment in Toloka, its AI data solutions business, led by Bezos Expeditions with participation from Mikhail Parakhin, CTO of Shopify. The investment marks a pivotal step in Toloka's evolution, and will enable the company to scale rapidly and sharpen its strategic focus amid accelerating global demand for reliable, high-quality AI data solutions. Outstanding Shares; Equity Awards The total number of shares issued and outstanding as of March 31, 2025 was 238,108,831, including 202,410,157 Class A shares and 35,698,674 Class B shares, and excluding 123,932,112 Class A shares held in treasury. As of March 31, 2025, there were also outstanding employee share options to purchase up to an additional 1.2 million shares, at a weighted average exercise price of $40.00 per share, all of which were fully vested; equity-settled share appreciation rights (SARs) for 0.1 million shares, at a weighted average measurement price of $32.85, all of which were fully vested; restricted share units (RSUs) covering approximately 7.4 million shares, of which RSUs to acquire 0.3 million shares were fully vested. In addition, the Company has outstanding awards in respect of the Avride business for 6.8 million shares (representing approximately 17.0% of fully diluted shares in Avride), 2.3 million of which were fully vested. Webcast information Nebius Group's management will hold an earnings webcast on May 20, 2025 at 8:00 AM (EDT) / 5:00 AM (PDT) / 2:00 PM (CET). To access the webcast, please follow the link: About Nebius Group Nebius Group is a technology company building full-stack infrastructure to service the high-growth global AI industry. Headquartered in Amsterdam and listed on Nasdaq, the Company has a global footprint with R&D hubs across Europe, North America and Israel. Nebius Group's core business is an AI cloud platform built for intensive AI workloads. With proprietary cloud software architecture and hardware designed in-house, Nebius gives AI builders the compute, storage, managed services and tools they need to build, tune and run their models. The group also operates additional businesses under their own distinctive brands: Avride – one of the most experienced teams developing autonomous driving technology for self-driving cars and delivery robots. TripleTen – a leading edtech player in the U.S. and certain other markets, re-skilling people for careers in tech; Nebius Group also holds equity stakes in other businesses including ClickHouse and Toloka (to be deconsolidated) (1). More information can be found at (1) Following the completion of the investment transaction for Toloka in Q2 2025, Nebius ceased to hold majority voting power in Toloka and will no longer include Toloka's results in Nebius' consolidated financial statements and will instead report its stake as equity method investment. The Toloka's results for prior periods will be reclassified to discontinued operations starting Q2 2025. FORWARD-LOOKING STATEMENTS This press release contain forward-looking statements that involve risks and uncertainties. All statements contained or implied other than statements of historical facts, including, without limitation, statements regarding our review of strategic options to accelerate growth, business plans, market opportunities, capital expenditure requirements, financing requirements and projected financial performance, are forward-looking statements. In some cases, these forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others, our ability to successfully operate and develop a fundamentally different, early-stage group following the divestment of a significant portion of our historical operations; to implement our business plans; to continue to successfully capture customers; to continue to successfully obtain required supplies of hardware on acceptable terms; and to obtain any further debt or equity financing that may be necessary to achieve our objectives. Many of these risks and uncertainties depend on the actions of third parties and are largely outside of our control. We also continue to be subject to many of the risks and uncertainties included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on April 30, 2025, which are available on our investor relations website at and on the SEC website at All information in this release is as of May 20, 2025, and the Company undertakes no duty to update this information unless required by law. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. USE OF NON-GAAP FINANCIAL MEASURES To supplement the financial information prepared and presented in accordance with U.S. GAAP, we present the following non-GAAP financial measures: Adjusted EBITDA/(loss) and Adjusted net income/(loss). The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP financial measures to the nearest comparable U.S. GAAP measures", included following the accompanying financial tables. We define the various non-GAAP financial measures we use as follows: Adjusted EBITDA/(loss) means U.S. GAAP net income/(loss) from continuing operations plus (1) depreciation and amortization, (2) certain SBC expense, (3) interest expense, (4) income tax expense/(benefit), (5) one-off restructuring and other expenses, less (1) interest income, (2) other income/(loss), net, and (3) income/(loss) from equity method investments. Adjusted net income/(loss) means U.S. GAAP net income/(loss) from continuing operations plus (1) certain SBC expense, (2) one-off restructuring and other expenses, less (1) foreign exchange gains. Tax effects related to the listed adjustments are excluded from adjusted net income. These non-GAAP financial measures are used by management for evaluating financial performance as well as decision-making. Management believes that these metrics reflect the organic, core operating performance of the company, and therefore are useful to analysts and investors in providing supplemental information that helps them understand, model and forecast the evolution of our operating business. Although our management uses these non-GAAP financial measures for operational decision-making and considers these financial measures to be useful for analysts and investors, we recognize that there are a number of limitations related to such measures. In particular, it should be noted that several of these measures exclude some recurring costs, particularly certain share-based compensation. In addition, the components of the costs that we exclude in our calculation of the measures described above may differ from the components that our peer companies exclude when they report their results of operations. Below we describe why we make particular adjustments to certain U.S. GAAP financial measures: Net income/(loss) from discontinued operations We present Adjusted net loss exсluding any effects of our discontinued operations. Information on our discontinued operations is disclosed in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on April 30, 2025. Certain SBC expense SBC (Stock-Based Compensation) is a significant expense item and an important part of our compensation and incentive programs. As it is highly dependent on our share price at the time of equity award grants, we believe that it is useful for investors and analysts to see certain financial measures excluding the impact of these charges in order to obtain a clearer picture of our operating performance. However, because we settled some RSU equity awards of our employees granted before 2022 in cash during 2024, a portion of stock-based compensation expense for 2024 was included in Adjusted EBITDA/(loss). Foreign exchange gains/(losses) The functional currency of Nebius Group N.V. is the United States Dollar, which is also the Group's current reporting currency. Foreign exchange gain/(loss) dynamics reflect changes in the U.S. dollar value of monetary assets and liabilities that are denominated in other currencies, as well as changes in the functional currencies of foreign subsidiaries' monetary assets and liabilities that are denominated in currencies different from their respective local currencies. Because foreign exchange fluctuations are outside of our operational control, we believe that it is useful to present Adjusted EBITDA/(loss), adjusted net income/(loss) and related margin measures excluding these effects, in order to provide greater clarity regarding our operating performance. One-off restructuring and other expenses We believe that it is useful to present Adjusted net income/(loss), Adjusted EBITDA/(loss) and related margin measures excluding impacts not related to our operating activities. Adjusted net income/(loss) and Adjusted EBITDA/(loss) exclude certain expenses related to the restructuring and other similar one-off expenses. The tables at the end of this release provide detailed reconciliations of each non-GAAP financial measure we use from the most directly comparable U.S. GAAP financial measure. Nebius Group N.V. Unaudited Condensed Consolidated Balance Sheets (in millions of U.S. dollars) As of December 31, March 31, 2024* 2025 ASSETS Cash and cash equivalents 2,449.6 1,447.0 Accounts receivable 13.1 24.3 Prepaid expenses 22.9 22.4 Restricted cash 0.6 80.6 VAT reclaimable 8.1 84.4 Other current assets 39.0 24.6 Total current assets 2,533.3 1,683.3 Property and equipment 847.0 1,334.1 Intangible assets 4.9 17.4 Operating lease right-of-use assets 45.0 250.3 Equity method investments 6.4 6.4 Investments in non-marketable equity securities 90.7 90.7 Deferred tax assets 7.8 8.9 Other non-current assets 13.5 45.4 Total non-current assets 1,015.3 1,753.2 TOTAL ASSETS 3,548.6 3,436.5 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable, accrued and other liabilities 235.5 61.4 Debt, current portion 6.1 6.2 Income and non-income taxes payable 5.9 6.9 Deferred revenue 16.5 19.0 Total current liabilities 264.0 93.5 Operating lease liabilities 30.3 181.6 Other accrued liabilities 0.6 0.1 Total non-current liabilities 30.9 181.7 Total liabilities 294.9 275.2 Commitments and contingencies Shareholders' equity: Ordinary shares 9.2 9.2 Treasury shares at cost (1,968.1) (1,931.4) Additional paid-in capital 2,016.7 1,996.0 Accumulated other comprehensive loss (22.1) (16.9) Retained earnings 3,218.0 3,104.4 Total shareholders' equity 3,253.7 3,161.3 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,548.6 3,436.5 * Derived from audited consolidated financial statements Nebius Group N.V. Unaudited Condensed Consolidated Statements of Operations (in millions of U.S. dollars) Three months ended March 31 2024* 2025 Revenues 11.4 55.3 Operating costs and expenses: Cost of revenues(1) 8.9 29.5 Product development(1) 25.2 40.0 Sales, general and administrative(1) 51.3 66.1 Depreciation and amortization 8.9 49.2 Total operating costs and expenses 94.3 184.8 Loss from operations (82.9) (129.5) Interest income 0.4 8.6 Income/(loss) from equity method investments — 0.1 Other income/(loss), net (1.0) 8.1 Net loss before income taxes (83.5) (112.7) Income tax expense/(benefit) (3.0) 0.9 Net loss from continuing operations (80.5) (113.6) Net loss from discontinued operations (236.0) — Net loss (316.5) (113.6) * Derived from audited consolidated financial statements (1) These balances exclude depreciation and amortization expenses, which are presented separately, and include share-based compensation. Nebius Group N.V. RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES TO THE NEAREST COMPARABLE U.S. GAAP MEASURES Reconciliation of Adjusted EBITDA / (loss) to U.S. GAAP Net Income / (loss) In USD $ millions Three months ended March 31 2024 2025 Change Net loss (316.5) (113.6) -64% Add: net loss from discontinued operations 236.0 — -100% Net loss from continuing operations (80.5) (113.6) 41% Add: depreciation and amortization 8.9 49.2 n/m Add: one-off restructuring and other expenses — 0.1 n/m Add: certain SBC expense 3.1 17.6 n/m Less: interest income (0.4) (8.6) n/m Less: (income) / loss from equity method investments — (0.1) -100% Less: other (income) / loss, net 1.0 (8.1) n/m Add: income tax expense/(benefit) (3.0) 0.9 -130% Adjusted EBITDA/(loss) (70.9) (62.6) -12% Reconciliation of Adjusted Net Income / (loss) to U.S. GAAP Net Income / (loss) In USD $ millions Three months ended March 31 2024 2025 Change Net loss (316.5) (113.6) -64% Add: Net loss from discontinued operations 236.0 — -100% Net loss from continuing operations (80.5) (113.6) 41% Add: certain SBC expense 3.1 17.6 n/m Less: foreign exchange (gains) / losses (0.2) 3.6 n/m Add: one-off restructuring and other expenses — 0.1 n/m Tax effect of adjustments — (0.2) -100% Adjusted net loss (77.6) (92.5) 19% View source version on Contacts Investor RelationsaskIR@ Media Relationsmedia@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
20-05-2025
- Business
- Business Wire
Nebius Group N.V. Announces First Quarter 2025 Financial Results
AMSTERDAM--(BUSINESS WIRE)--Nebius Group N.V. ('Nebius Group', the 'Group' or the 'Company'; NASDAQ: NBIS), (1) a leading AI infrastructure company, today announced its unaudited financial results for the first quarter ended March 31, 2025. In Q1 2025, the Group's revenue of $55.3 million increased 385% year over year, driven primarily by the core AI infrastructure business. Adjusted EBITDA loss in Q1 2025 was $62.6 million and net loss from continuing operations was $113.6 million. The Company also today published an inaugural quarterly shareholder letter from founder and CEO Arkady Volozh, and an accompanying presentation with key business and financial updates. These items can be found on the Company's investor relations site at Q1 2025 Financial Highlights In USD $ millions Three months ended March 31 2024 2025 Change Revenues 11.4 55.3 385% Adjusted EBITDA / (loss) (70.9) (62.6) -12% Net loss from continuing operations (80.5) (113.6) 41% Adjusted net loss (77.6) (92.5) 19% Operating expenses In USD $ millions Three months ended March 31 2024 2025 Change Cost of revenues 8.9 29.5 231% as a percentage of revenues 78% 53% Product development 25.2 40.0 59% as a percentage of revenues 221% 72% Sales, general and administrative 51.3 66.1 29% as a percentage of revenues 450% 120% Depreciation and amortization 8.9 49.2 453% as a percentage of revenues 78% 89% Total operating costs and expenses 94.3 184.8 96% as a percentage of revenues 827% 334% Total share-based compensation expense 5.9 17.6 198% as a percentage of operating expenses 6% 10% Expand Selected consolidated cash flow data In USD $ millions Three months ended March 31 2024 2025 Change Cash used in operating activities (69.8) (197.8) 183% Purchases of property, plant and equipment (58.9) (544.0) n/m Expand (1) The following measures presented in this release are 'non-GAAP financial measures': Adjusted EBITDA / (loss) and Adjusted net loss. Please see the section 'Use of Non-GAAP Financial Measures' below for a discussion of how we define these measures, as well as reconciliations at the end of this release of each of these measures to the most directly comparable U.S. GAAP measures. (2) Results include consolidated financial results of: Nebius, the core AI infrastructure business; Toloka, an AI development platform; TripleTen, an edtech service; and Avride, an autonomous vehicle platform. Expand Subsequent events Toloka Investment from Bezos Expeditions On May 7, 2025 Nebius Group N.V. announced a strategic investment in Toloka, its AI data solutions business, led by Bezos Expeditions with participation from Mikhail Parakhin, CTO of Shopify. The investment marks a pivotal step in Toloka's evolution, and will enable the company to scale rapidly and sharpen its strategic focus amid accelerating global demand for reliable, high-quality AI data solutions. Outstanding Shares; Equity Awards The total number of shares issued and outstanding as of March 31, 2025 was 238,108,831, including 202,410,157 Class A shares and 35,698,674 Class B shares, and excluding 123,932,112 Class A shares held in treasury. As of March 31, 2025, there were also outstanding employee share options to purchase up to an additional 1.2 million shares, at a weighted average exercise price of $40.00 per share, all of which were fully vested; equity-settled share appreciation rights (SARs) for 0.1 million shares, at a weighted average measurement price of $32.85, all of which were fully vested; restricted share units (RSUs) covering approximately 7.4 million shares, of which RSUs to acquire 0.3 million shares were fully vested. In addition, the Company has outstanding awards in respect of the Avride business for 6.8 million shares (representing approximately 17.0% of fully diluted shares in Avride), 2.3 million of which were fully vested. Webcast information Nebius Group's management will hold an earnings webcast on May 20, 2025 at 8:00 AM (EDT) / 5:00 AM (PDT) / 2:00 PM (CET). To access the webcast, please follow the link: About Nebius Group Nebius Group is a technology company building full-stack infrastructure to service the high-growth global AI industry. Headquartered in Amsterdam and listed on Nasdaq, the Company has a global footprint with R&D hubs across Europe, North America and Israel. Nebius Group's core business is an AI cloud platform built for intensive AI workloads. With proprietary cloud software architecture and hardware designed in-house, Nebius gives AI builders the compute, storage, managed services and tools they need to build, tune and run their models. The group also operates additional businesses under their own distinctive brands: Avride – one of the most experienced teams developing autonomous driving technology for self-driving cars and delivery robots. TripleTen – a leading edtech player in the U.S. and certain other markets, re-skilling people for careers in tech; Nebius Group also holds equity stakes in other businesses including ClickHouse and Toloka (to be deconsolidated) (1). More information can be found at FORWARD-LOOKING STATEMENTS This press release contain forward-looking statements that involve risks and uncertainties. All statements contained or implied other than statements of historical facts, including, without limitation, statements regarding our review of strategic options to accelerate growth, business plans, market opportunities, capital expenditure requirements, financing requirements and projected financial performance, are forward-looking statements. In some cases, these forward-looking statements can be identified by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others, our ability to successfully operate and develop a fundamentally different, early-stage group following the divestment of a significant portion of our historical operations; to implement our business plans; to continue to successfully capture customers; to continue to successfully obtain required supplies of hardware on acceptable terms; and to obtain any further debt or equity financing that may be necessary to achieve our objectives. Many of these risks and uncertainties depend on the actions of third parties and are largely outside of our control. We also continue to be subject to many of the risks and uncertainties included under the captions 'Risk Factors' and 'Operating and Financial Review and Prospects' in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ('SEC') on April 30, 2025, which are available on our investor relations website at and on the SEC website at All information in this release is as of May 20, 2025, and the Company undertakes no duty to update this information unless required by law. In addition, statements that 'we believe' and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. USE OF NON-GAAP FINANCIAL MEASURES To supplement the financial information prepared and presented in accordance with U.S. GAAP, we present the following non-GAAP financial measures: Adjusted EBITDA/(loss) and Adjusted net income/(loss). The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned 'Reconciliations of non-GAAP financial measures to the nearest comparable U.S. GAAP measures', included following the accompanying financial tables. We define the various non-GAAP financial measures we use as follows: Adjusted EBITDA/(loss) means U.S. GAAP net income/(loss) from continuing operations plus (1) depreciation and amortization, (2) certain SBC expense, (3) interest expense, (4) income tax expense/(benefit), (5) one-off restructuring and other expenses, less (1) interest income, (2) other income/(loss), net, and (3) income/(loss) from equity method investments. Adjusted net income/(loss) means U.S. GAAP net income/(loss) from continuing operations plus (1) certain SBC expense, (2) one-off restructuring and other expenses, less (1) foreign exchange gains. Tax effects related to the listed adjustments are excluded from adjusted net income. These non-GAAP financial measures are used by management for evaluating financial performance as well as decision-making. Management believes that these metrics reflect the organic, core operating performance of the company, and therefore are useful to analysts and investors in providing supplemental information that helps them understand, model and forecast the evolution of our operating business. Although our management uses these non-GAAP financial measures for operational decision-making and considers these financial measures to be useful for analysts and investors, we recognize that there are a number of limitations related to such measures. In particular, it should be noted that several of these measures exclude some recurring costs, particularly certain share-based compensation. In addition, the components of the costs that we exclude in our calculation of the measures described above may differ from the components that our peer companies exclude when they report their results of operations. Below we describe why we make particular adjustments to certain U.S. GAAP financial measures: Net income/(loss) from discontinued operations We present Adjusted net loss exсluding any effects of our discontinued operations. Information on our discontinued operations is disclosed in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ('SEC') on April 30, 2025. Certain SBC expense SBC (Stock-Based Compensation) is a significant expense item and an important part of our compensation and incentive programs. As it is highly dependent on our share price at the time of equity award grants, we believe that it is useful for investors and analysts to see certain financial measures excluding the impact of these charges in order to obtain a clearer picture of our operating performance. However, because we settled some RSU equity awards of our employees granted before 2022 in cash during 2024, a portion of stock-based compensation expense for 2024 was included in Adjusted EBITDA/(loss). Foreign exchange gains/(losses) The functional currency of Nebius Group N.V. is the United States Dollar, which is also the Group's current reporting currency. Foreign exchange gain/(loss) dynamics reflect changes in the U.S. dollar value of monetary assets and liabilities that are denominated in other currencies, as well as changes in the functional currencies of foreign subsidiaries' monetary assets and liabilities that are denominated in currencies different from their respective local currencies. Because foreign exchange fluctuations are outside of our operational control, we believe that it is useful to present Adjusted EBITDA/(loss), adjusted net income/(loss) and related margin measures excluding these effects, in order to provide greater clarity regarding our operating performance. One-off restructuring and other expenses We believe that it is useful to present Adjusted net income/(loss), Adjusted EBITDA/(loss) and related margin measures excluding impacts not related to our operating activities. Adjusted net income/(loss) and Adjusted EBITDA/(loss) exclude certain expenses related to the restructuring and other similar one-off expenses. The tables at the end of this release provide detailed reconciliations of each non-GAAP financial measure we use from the most directly comparable U.S. GAAP financial measure. Nebius Group N.V. Unaudited Condensed Consolidated Statements of Operations (in millions of U.S. dollars) Three months ended March 31 2024* 2025 Revenues 11.4 55.3 Operating costs and expenses: Cost of revenues (1) 8.9 29.5 Product development (1) 25.2 40.0 Sales, general and administrative (1) 51.3 66.1 Depreciation and amortization 8.9 49.2 Total operating costs and expenses 94.3 184.8 Loss from operations (82.9) (129.5) Interest income 0.4 8.6 Income/(loss) from equity method investments — 0.1 Other income/(loss), net (1.0) 8.1 Net loss before income taxes (83.5) (112.7) Income tax expense/(benefit) (3.0) 0.9 Net loss from continuing operations (80.5) (113.6) Net loss from discontinued operations (236.0) — Net loss (316.5) (113.6) * Derived from audited consolidated financial statements Expand (1) These balances exclude depreciation and amortization expenses, which are presented separately, and include share-based compensation. Reconciliation of Adjusted Net Income / (loss) to U.S. GAAP Net Income / (loss) In USD $ millions Three months ended March 31 2024 2025 Change Net loss (316.5) (113.6) -64% Add: Net loss from discontinued operations 236.0 — -100% Net loss from continuing operations (80.5) (113.6) 41% Add: certain SBC expense 3.1 17.6 n/m Less: foreign exchange (gains) / losses (0.2) 3.6 n/m Add: one-off restructuring and other expenses — 0.1 n/m Tax effect of adjustments — (0.2) -100% Adjusted net loss (77.6) (92.5) 19% Expand
Yahoo
09-05-2025
- Business
- Yahoo
Why Nebius Group N.V. (NBIS) Skyrocketed On Wednesday
We recently published a list of . In this article, we are going to take a look at where Nebius Group N.V. (NASDAQ:NBIS) stands against other Wednesday's best-performing stocks. The stock market rebounded on Wednesday, with all major indices ending in the green as investors cheered the Federal Reserve's decision to keep interest rates unchanged. On Wednesday afternoon, the Fed kept rates steady at a range of 4.25 percent to 4.5 percent, saying that it was not in a hurry to cut rates and could still 'wait and see' the impact of President Donald Trump's tariff policies. The Dow Jones rallied by 0.70 percent, the S&P 500 increased by 0.43 percent, and the Nasdaq grew by 0.27 percent. Beyond the major indices, 10 firms stood out with strong gains, thanks to a flurry of fresh developments, including new partnerships, optimistic outlooks, and impressive earnings performance. In this article, we name Wednesday's 10 best-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. Copyright: hywards / 123RF Stock Photo Nebius Group jumped by 9.62 percent on Wednesday to end at $27.45 apiece as investor sentiment was buoyed by billionaire Jeff Bezos' investment in the company. In a statement on Wednesday, Nebius Group N.V. (NASDAQ:NBIS) said that its AI data solutions business Toloka, welcomed a strategic investment by Bezos Expeditions, with participation from Shopify's chief technology officer, Mikhail Parakhin. The investment marked a pivotal step for Toloka as it is expected to scale up and sharpen its strategic focus amid accelerating global demand for reliable, high-quality AI data solutions. Upon completion, Parakhin is set to assume the role of the executive chairman for the newly constituted board of directors. According to Nebius Group N.V. (NASDAQ:NBIS), it will continue to hold a majority stake in Toloka, but will give up the majority of its voting power in Toloka as it aims to give the latter greater independence while it focuses on its core AI infrastructure business. Overall, NBIS ranks 8th on our list of Wednesday's best-performing stocks. While we acknowledge the potential of NBIS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NBIS but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
08-05-2025
- Automotive
- Newsweek
Slate Confirms $700 Million in Funding, Bezos Investment
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Slate Auto, the startup electric vehicle manufacturer, today confirmed to Newsweek that the company closed on $700 million in Series B funding in late 2024. The funding comes from Bezos Expeditions, General Catalyst and TWG Global, among other investors though the amount each firm provided is unconfirmed. Bezos Expeditions is an American investment firm that manages Amazon founder Jeff Bezos's personal investment portfolio. General Catalyst, a venture capital firm, has a varied portfolio that also includes cosmetics company Beauty Pie, image software company Canva and online travel search tool Kayak, among others. TWG Global is a holding company that has other automotive industry investments, most notably Cadillac's Formula 1 team. A Slate vehicle wrapped in Newsweek camouflage, carrying stacks of Newsweek's World Greatest Auto Disruptors magazines in its bed. A Slate vehicle wrapped in Newsweek camouflage, carrying stacks of Newsweek's World Greatest Auto Disruptors magazines in its bed. Slate Slate aims to disrupt the automotive industry with a new vehicle and way of doing business that focuses on the necessary and gives buyers the power of choice at a budget-conscious price. It unveiled its first model, a battery-electric vehicle (BEV), to the world on April 26 in Long Beach, California. Though initially sold as a truck, the new Slate BEV can be transformed into an SUV through an accessories package. The unique truck is a two-seat pickup that will be sold in a single configuration - one bed size and one cab style. Simplicity is key to the design team's approach to the model; its windows crank and there are climate control knobs. There is no infotainment system nor a touchscreen. It wears steel wheels on each corner. Slate owners also have the option of wrapping their vehicle or having it wrapped by a pro. Customers can choose from three levels of wrap, which is designed to make the vehicle especially personal. The automaker will host SlateU tutorial videos on its website to instruct owners on how to enhance their model whether through accessory additions or wrapped elements. The American company will purchase American-made batteries for its electric truck and assemble the model in the U.S. Slate is led by CEO Chris Barman, Chairman Rod Copes, COO Jeremy Snyder and head of design, Tisha Johnson, among others. This is a developing story and will be updated as more information is available.
Yahoo
08-05-2025
- Business
- Yahoo
Toloka receives investment from Bezos Expeditions
Dutch AI data solutions company Toloka has secured investment from Bezos Expeditions, the investment arm of Amazon founder Jeff Bezos. The funding round was announced by Nebius Group, Toloka's parent company. Toloka intends to use the funds to scale operations and sharpen its strategic focus amid rising global demand for reliable AI data solutions. The investment round also saw participation from Shopify CTO Mikhail Parakhin, who will assume the role of executive chairman of Toloka's newly formed board of directors. Following the deal, Nebius will retain a majority economic stake in Toloka but give up majority voting control. This move is intended to give the company greater independence while allowing Nebius to focus on its core AI infrastructure business. Megorskaya said: 'This investment marks a pivotal moment for Toloka as we enter a new phase of growth. 'With strong financial backing from strategic investors who deeply understand the AI landscape, we're now positioned to significantly scale our technological innovations at the critical intersection of human expertise and AI capabilities. Toloka started as a crowd-sourced data labelling platform and now supports clients including Amazon, Microsoft, Anthropic, and Shopify. The company specialises in safety evaluation, red teaming, and other services aimed at improving the reliability of AI systems. Parakhin said: 'The demand for world-class AI data expertise is more urgent than ever. Toloka is uniquely positioned to meet this need, distinguished by its excellent engineering, strong research reputation, and proven ability to blend ML expertise with managing humans at scale and with scientific rigour. 'I'm excited to be joining Toloka to help the company seize the opportunity to help shape the next chapter of our industry.' Arkady Volozh, CEO of Nebius, and Charles Ryan, a non-executive director, will join Toloka's board as non-executive directors. "Toloka receives investment from Bezos Expeditions" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
