Nebius Group N.V. (NASDAQ:NBIS) reported financial results for the fourth quarter before the market open on Thursday. Here’s a rundown of the report.
Q4 Revenue Misses, EPS Beats
Nebius reported an adjusted loss of 68 cents per share, beating the consensus estimate for a loss of $1.14 per share. The company posted revenue of $227.70 million, missing the consensus estimate of $246.04 million.
Fourth-quarter group revenue increased 547% year-over-year and 56% sequentially. Core AI cloud revenue rose more than 800% from the prior-year quarter and represented approximately 94% of total group revenue. The company said demand exceeded capacity in its core AI cloud business and that it operated at peak utilization during the quarter.
Annualized run-rate revenue reached $1.25 billion as of the end of December, exceeding prior guidance of $900 million to $1.1 billion and more than doubling from the end of the third quarter. Group adjusted EBITDA totaled $15 million in the fourth quarter, marking the first quarter of positive adjusted EBITDA at the group level. The core AI cloud business generated adjusted EBITDA of $51.8 million with a 24% margin.
Nebius ended the year with approximately 170 megawatts of active power, surpassing its 100 megawatt target. The company has secured more than 2 gigawatts of contracted power and now expects to have more than 3 gigawatts of contracted power by the end of 2026. Management said it is on track to achieve annualized run-rate revenue of $7 billion to $9 billion by year-end 2026.
Shares Trade Below Key Averages As Momentum Remains Mixed
Technical indicators reveal that the stock is trading 8.6% below its 20-day simple moving average (SMA) and 15.9% below its 100-day SMA, indicating a bearish short-term trend. Meanwhile, shares have increased 125.47% over the past 12 months, positioning the stock closer to its 52-week highs than lows.
The RSI is currently at 47.73, which is considered neutral territory. Meanwhile, MACD is below its signal line, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum.
- Key Resistance: $96.00
- Key Support: $83.00
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Nebius, highlighting its strengths and weaknesses compared to the broader market:
- Value: Weak (Score: 3.69) — Trading at a steep premium relative to peers.
- Momentum: Strong (Score: 93.34) — Stock is outperforming the broader market.
The Verdict: Nebius’ Benzinga Edge signal reveals a classic ‘High-Flyer’ setup. While the Momentum (93.34) confirms the strong trend, the low Value (3.69) score warns that the stock is priced for perfection—investors should ride the trend but use tight stop-losses.
Nebius Shares Move Lower
NBIS Price Action: At the time of writing, Nebius shares are trading 1.26% lower at $87.49, according to data from Benzinga Pro.
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