Yandex NV ( (NBIS) ) has released its Q4 earnings. Here is a breakdown of the information Yandex NV presented to its investors.
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Nebius Group N.V. is a technology company specializing in AI infrastructure, including large-scale GPU clusters and cloud platforms, with operations extended to AI development, edtech, and autonomous vehicles. In its recent financial disclosure, Nebius reported a significant revenue increase of 466% year-over-year for Q4 2024, totaling $37.9 million, primarily driven by its AI infrastructure business. Despite the revenue surge, the company faced a net loss from continuing operations of $136.6 million for the quarter. The full-year revenue for 2024 reached $117.5 million, marking a 462% increase compared to the previous year, while the annual net loss from continuing operations was $396.9 million. Key strategic moves included the resumption of its shares on NASDAQ, a $700 million capital raise involving major partners like Nvidia and Accel, and significant expansions in AI infrastructure and software, such as new GPU clusters in the U.S. and Europe and the launch of AI-native cloud platforms. The company’s forward-looking focus remains on scaling its infrastructure and diversifying its client base in AI-related fields, with projections of substantial annualized run-rate revenue growth by the end of 2025.
