Tuesday, November 19, 2024
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AI cloud firm Nebius Group anticipates roughly $1 billion in ARR in 2025 


(Reuters) – AI framework firm Nebius Group anticipates to make yearly reoccuring earnings of $500 million to $1 billion in 2025, the enterprise said on Friday previous to buying and selling of its shares returns to on Nasdaq on Monday after an in depth suspension.

Trading was placed on maintain not lengthy after Russia’s February 2022 intrusion of Ukraine, when the provision was traded underneath the ticker of Russian net titan Yandex with its Amsterdam- based mostly mothers and pa enterprise. In July, Nebius arised complying with a $5.4-billion provide to separate Yandex’s Russian and international possessions.

(Reporting by Alexander Marrow)



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