Nebius Q2 Revenue Surges 454% to $582.3M

Nebius reports Q2 revenue of $582.3M, up 454% YoY, with adjusted EBITDA turning positive at $236.2M despite a $190.4M net loss from operations.

Woofun AI data shows that Nebius generated $582.3 million in revenue during the second quarter of 2026, representing a 454% year-on-year increase from $105.1 million. Adjusted EBITDA reached $236.2 million, reversing a $21 million loss recorded in the same period last year, while the adjusted net loss narrowed by 64% to $33.2 million from $91.5 million.

The company reported a net loss of $190.4 million from ongoing operations in the quarter, contrasting with a $502.5 million net profit in the prior year. For the first half of 2026, cumulative revenue totaled $981.3 million, a 529% year-on-year growth, with adjusted EBITDA reaching $365.7 million compared to a $74.7 million loss in the previous year.