Nebius Group Targets $1 Billion in Annual Recurring Revenue by 2025 as AI Infrastructure Firm
4 Sources
4 Sources
[1]
AI cloud firm Nebius Group expects up to $1 billion in ARR in 2025
(Reuters) - AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension. Trading was suspended soon after Russia's February 2022 invasion of Ukraine, when the stock was traded under the ticker of Russian internet giant Yandex through its Amsterdam-based parent company. In July, Nebius emerged following a $5.4-billion deal to split Yandex's Russian and international assets.
[2]
AI Cloud Firm Nebius Group Expects up to $1 Billion in ARR in 2025
(Reuters) - AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension. Trading was suspended soon after Russia's February 2022 invasion of Ukraine, when the stock was traded under the ticker of Russian internet giant Yandex through its Amsterdam-based parent company. In July, Nebius emerged following a $5.4-billion deal to split Yandex's Russian and international assets.
[3]
AI cloud firm Nebius Group expects up to $1 bln in ARR in 2025
Oct 18 (Reuters) - AI infrastructure firm Nebius Group (NBIS.O), opens new tab expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension. Trading was suspended soon after Russia's February 2022 invasion of Ukraine, when the stock was traded under the ticker of Russian internet giant Yandex through its Amsterdam-based parent company. In July, Nebius emerged following a $5.4-billion deal to split Yandex's Russian and international assets. Reporting by Alexander Marrow Our Standards: The Thomson Reuters Trust Principles., opens new tab
[4]
AI cloud firm Nebius Group expects up to $1 billion in annual recovering revenue in 2025
(Reuters) -AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension. Trading was suspended soon after Russia's February 2022 invasion of Ukraine, when the stock was traded under the ticker of Russian internet giant Yandex through its Amsterdam-based parent company. In July, Nebius emerged following a $5.4 billion deal to split Yandex's Russian and international assets. Yandex, Russia's equivalent of Google, was valued at more than $30 billion before the war, but Nebius is now a fledgling European tech company focused on AI infrastructure, data labelling and self-driving technology. A key unknown is what price the company's shares will trade at after such a long trading hiatus and company transformation, especially as some investors have already written off the investment. The 98-page document published on Friday, accompanied by a video presentation, is by far the most detailed insight the company has given since emerging from the split. "We are at the very beginning of the AI revolution," Nebius Chairman John Boynton said in a video presentation. "Nobody can be sure which business models or underlying technologies will prevail, but we can be sure of one thing: the demand for AI infrastructure will be massive and sustained. "This is the market space where Nebius will play." (Reporting by Alexander Marrow; Editing by Mark Porter)
Share
Copy Link
Nebius Group, an AI infrastructure company born from the split of Russian internet giant Yandex, anticipates annual recurring revenue of $500 million to $1 billion by 2025. The company is set to resume trading on Nasdaq after a suspension due to geopolitical events.
Nebius Group's Ambitious Revenue Projection
Nebius Group, an AI infrastructure firm, has set its sights on achieving annual recurring revenue (ARR) of $500 million to $1 billion by 2025 1. This ambitious projection comes as the company prepares to resume trading on Nasdaq on Monday, following a prolonged suspension of its shares.
Historical Context and Company Transformation
The suspension of Nebius Group's shares, then traded under the ticker of Russian internet giant Yandex, occurred shortly after Russia's invasion of Ukraine in February 2022 2. In July, Nebius emerged as a separate entity following a $5.4 billion deal that split Yandex's Russian and international assets 3.
From Russian Giant to European Tech Company
Prior to the war, Yandex, often referred to as Russia's equivalent of Google, was valued at over $30 billion. Now, Nebius has transformed into a fledgling European tech company with a focus on AI infrastructure, data labelling, and self-driving technology 4.
Uncertainty Surrounding Share Price
A key unknown factor is the price at which the company's shares will trade after such an extended hiatus and significant company transformation. This uncertainty is compounded by the fact that some investors have already written off their investments in the company 4.
Detailed Insights and Future Vision
Nebius has provided unprecedented insight into its operations and future plans through a 98-page document and accompanying video presentation. John Boynton, Chairman of Nebius, emphasized the company's position in the AI revolution, stating, "Nobody can be sure which business models or underlying technologies will prevail, but we can be sure of one thing: the demand for AI infrastructure will be massive and sustained. This is the market space where Nebius will play." 4
Implications for the AI Industry
The re-emergence of Nebius Group as a player in the AI infrastructure space signals a potentially significant shift in the industry landscape. With its ambitious revenue targets and focus on AI infrastructure, data labelling, and self-driving technology, Nebius is positioning itself at the forefront of the AI revolution, potentially challenging established players in the field.
Nvidia Unveils Plans for Light-Based GPU Interconnects by 2026, Revolutionizing AI Data Centers
Nvidia announces plans to implement silicon photonics and co-packaged optics for AI GPU communication by 2026, promising higher transfer rates and lower power consumption in next-gen AI data centers.
2 Sources
Technology
12 hrs ago
2 Sources
Technology
12 hrs ago
Netflix Unveils Generative AI Guidelines for Content Creation
Netflix has released new guidelines for using generative AI in content production, outlining low-risk and high-risk scenarios and emphasizing responsible use while addressing industry concerns.
2 Sources
Technology
12 hrs ago
2 Sources
Technology
12 hrs ago
Breakthrough in Spintronics: Turning Spin Loss into Energy for Ultra-Low-Power AI Chips
Scientists at KIST have developed a new device principle that utilizes "spin loss" as a power source for magnetic control, potentially revolutionizing the field of spintronics and paving the way for ultra-low-power AI chips.
2 Sources
Technology
12 hrs ago
2 Sources
Technology
12 hrs ago
Cloudflare Unveils New Zero Trust Tools for Secure AI Adoption in Enterprises
Cloudflare introduces new features for its Cloudflare One zero-trust platform, aimed at helping organizations securely adopt, build, and deploy generative AI applications while maintaining security and privacy standards.
2 Sources
Technology
12 hrs ago
2 Sources
Technology
12 hrs ago
CoreWeave's AI Ambitions Face Crucial Test as Nvidia's Earnings Loom
CoreWeave, a rapidly growing AI infrastructure company, faces a critical moment as Nvidia's upcoming earnings report could significantly impact its stock performance and future prospects.
2 Sources
Technology
4 hrs ago
2 Sources
Technology
4 hrs ago
Your Daily Dose of Curated AI News
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.
