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Nebius AI Cloud Surges with 50% EBITDA | Durham News
Nebius Group just shattered expectations with 450% year-over-year revenue growth, fueled by its AI Cloud division’s explosive 500% surge. The stock jumped 34% on the news, and Bank of America’s Tal Liani is bullish, raising his target to $310—nearly 20% upside even after massive gains this year. CEO highlights record-breaking AI deals at premium pricing, while stellar economics shine through: AI Cloud revenue hit $575M (nearly all revenue) with a 50% EBITDA margin. A $40B backlog—equivalent to over 10 years of current revenue—and $1B+ deals with giants like Reflection and Cohere, 70% prepaid…
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