Nebius Group N.V. (NASDAQ:NBIS) Q1 2025 Earnings Conference Call May 20, 2025 8:00 AM ET
Company Participants
Neil Doshi – Head of IR
Arkady Volozh – Founder and CEO
Andrey Korolenko – Chief Product & Infrastructure Officer
Daniel Bounds – Chief Marketing Officer
Roman Chernin – CBO
Tom Blackwell – CCO
A – Neil Doshi
The Nebius Group’s First Quarter 2025 Earnings Call. My name is Neil Doshi. I’m Head of Investor Relations. Joining me today to discuss our results are Arkady Volozh, Founder and CEO, and members of the management team.
Our remarks today will include forward-looking statements, which are based on assumptions as of today. Actual results may differ materially as a result of various factors, including those set forth in today’s earnings press release and in our Annual Report on Form 20-F filed with the SEC. We undertake no obligation to update any forward-looking statement.
During the call, we will present both GAAP and certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today’s earnings press release. The earnings press release, an accompanying shareholder letter, and an investor presentation on our website at group.nebius.com/investor-hub. We ask that you enter your questions into the webcast portal and we will be reviewing and consolidating the questions for Q&A. And now I’d like to turn the call over to Arkady and the team, who will go over a few slides that we’ve presented for this investor presentation.
Arkady Volozh
Yeah, thanks. Thanks, Neil. Thank you, everyone, for joining our Q1 2025 results call. I will start with saying that demand for AI compute was very strong in first quarter, and actually our results show it. Our revenue grew nearly 400% year-over-year and our annualized run rate revenue grew nearly 700%. We saw great momentum in our core infrastructure business. We ended the quarter with a solid cash
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