Pre-market Drop of Over 2%! AI Cloud Computing Giant Nebius Reports Soaring Q4 Revenue but Misses Expectations, Plans to Build 240MW Data Center in France

AI cloud computing service provider Nebius (NBIS.US) has announced its financial results for the fourth quarter of 2025. According to the financial report, Nebius's revenue for the fourth quarter soared by 547% year-on-year to $227.7 million, but this fell short of market expectations of $247.5 million. Adjusted BEBITDA was $15 million; the adjusted net loss widened to $173 million, an increase of 151% compared to the net loss of $69 million in the same period last year.

Nebius has now become a leader among the "new cloud service" providers. Its core business includes supplying Nvidia (NVDA.US) GPUs and AI cloud services, helping enterprises expand their AI infrastructure. The continued robust global demand for AI computing power—even leading cloud providers like Microsoft and Amazon (AMZN.US) are facing shortages—has triggered a surge in demand for Nebius and its main competitor CoreWeave (CRWV.US). Nebius rose to prominence for signing several high-profile AI infrastructure supply agreements with major U.S. hyperscalers, including a $17 billion collaboration with Microsoft and a $3 billion order with Meta (META.US).

It is worth noting that Nebius announced on Thursday its plan to build a new 240-megawatt data center in Béthune, France, which will become one of the largest data centers in Europe upon completion. The company's Chief Communications Officer Tom Blackwell stated that the project will repurpose the former Pirelli tire factory, is expected to be rolled out in phases, with the first facilities coming online by late summer, and about half of the site to be operational by the end of 2026. Although the financial terms of the project have not yet been disclosed, a data center of this scale is expected to require an investment of several billion euros.