Slide 1: Q1 2025 Earnings Results. Live Q&A webcast
May 20, 2025 Q1 2025 Earnings Results. Live Q&A webcast EXHIBIT 99.3
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this presentation other than statements of historical facts, including, without limitation, statements
Slide 3: Presenters
Arkady Volozh Chief Executive Officer Neil Doshi VP, Head of Investor Relations Andrey Korolenko Chief Product & Infrastructure Officer Ophir Nave Chief Operating Officer Daniel Bounds Chief Marketing Officer Tom Blackwell Chief Communications Officer Roman Chernin Chief Business Officer
Slide 4: Nebius Group has delivered a strong Q1
Nebius Group has delivered a strong Q1 Q1 2025 update (1) As of 31 March 2025; (2) Annualized run-rate revenue by the end of the period (revenue for last month of the period multiplied by twelve). Strong Q1 Financial Performance Q1 Highlights Q1 Revenue $55.3M +385% YoY ARR1,2 $249M +684% YoY Cash $
Slide 5: AI Cloud feature enhancements
AI Cloud feature enhancements Nebius: AI Stack offering updates Cluster management Compute • Blackwell early access • Last Hoppers deployed • Predictive failure notification • AI/ML-ready images on Kubernetes • Topology-aware training with Slurm • Cluster health checking with Slurm • Node auto-heali
Slide 6: Nebius ecosystem partners
Nebius ecosystem partners Ecosystem partners • Nebius among the first AI Clouds to offer the new NVIDIA Blackwell Ultra AI Factory platform • Nebius joined the NVIDIA Dynamo ecosystem—an open-source inference serving framework designed to deploy generative AI across large-scale, distributed environ
Slide 7: Gaining traction with broader set of customers
Gaining traction with broader set of customers Customers Customer testimonials Media Entertainment “What really sets Nebius apart is the stability of their clusters, proactive support, and the ability to focus on real innovation instead of low-level issues.” Dec-2024 Mar-2025 Apr-2025 Dec-2025E ~$90
Slide 8: Nebius Group 2025 guidance
Nebius Group 2025 guidance 2025 guidance (1) This guidance does not yet reflect the deconsolidation of Toloka and will be updated for this with Q2 2025 financial results; (2) Annualized run-rate revenue by the end of the period (revenue for last month of the period multiplied by twelve); (3) Adjuste
Slide 9: Medium term outlook
Targeting mid-single digit $bn in revenue in medium term as a high-margin business, with further significant potential upside Building DC pipeline to provide scalability to 1 GW+ to support the further significant potential revenue upside Scope for 20-30% adj. EBIT margin in medium term and further
Slide 10: Key drivers of Nebius Group's value creation potential
TECHNOLOGY Key drivers of Nebius Group’s value creation potential (1) Nebius Group holds approximately 28% stake in ClickHouse and a significant majority economic stake in Toloka; (2) Based on The Information reports as of May 9, 2025; (3) Toloka received strategic investment led by Bezos Expedition
Slide 11: Avride: a leading autonomous driving and robotics technology
Avride: a leading autonomous driving and robotics technology Avride (1) Based on the latest capital raise valuation in October 2024 as per TechCrunch; (2) Based on market capitalization as per Factset as of May 16 2025; (3) Based on latest capital raise in April 2025 as per Reuters. Headquarters: US
Slide 12: Toloka: the next key data partner for the AI ecosystem
Solution and potential validated by high profile investors Toloka: the next key data partner for the AI ecosystem Toloka Positioned to address the significant demand for AI data with unmatched quality and scale Trusted partner to leading frontier AI labs, model developers and enterprises Bezos Exped
Slide 13: Thank you
Thank you Main Office Gustav Mahlerlaan 300 Amsterdam, Netherlands Investor Relations Contact askIR@nebius.com