Nebius Group N.V. (NBIS) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.698 Welcome to Nebious Group's Q1 2026 Earnings Conference Call. 00:00:05.698 -- 00:00:09.142 The presentation will be followed by a Q&A session. 00:00:09.142 -- 00:00:13.748 If you would like to ask a question, you can click the Ask a Question tab in the top 00:00:13.748 -- 00:00:18.815 right of the live stream player. Then just type in your question and click Submit. 00:00:18.815 -- 00:00:23.541 You can submit questions at any time during the presentation, and the Nebious Management 00:00:23.541 -- 00:00:27.503 team will try and answer them during the Q&A portion of the call. 00:00:27.503 -- 00:00:33.570 I will now hand over to Gili Naftalovich, head of investor relations, to start the call. 00:00:33.570 -- 00:00:38.175 Hi, everyone, and welcome to Nebious' first quarter 2026 earnings conference call. 00:00:38.175 -- 00:00:44.062 Joining us on the call today are co-founder and CEO Arkady and our CFO, Dot El, 00:00:44.062 -- 00:00:47.005 along with the broader Nebious executive management team. 00:00:47.005 -- 00:00:51.491 Now, I'll quickly cover the safe harbor. Some of the statements that we make today regarding 00:00:51.491 -- 00:00:55.415 our business operations and financial performance may be considered forward-looking. 00:00:55.415 -- 00:00:59.060 Such statements are based on current expectations and assumptions that are subject to 00:00:59.060 -- 00:01:03.165 a number of risks and uncertainties. Actual results could differ materially. 00:01:03.165 -- 00:01:06.829 Please refer to our Form 20F, which has a list of our risk factors. 00:01:06.829 -- 00:01:10.314 We undertake no obligation to update any forward-looking statements. 00:01:10.314 -- 00:01:14.139 During this call, we will present both GAAP and non-GAAP financial measur...