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

Investor webinar replay

Replay transcript excerpt

Welcome to Nebious Group's Q1 2026 Earnings Conference Call. The presentation will be followed by a Q&A session. If you would like to ask a question, you can click the Ask a Question tab in the top right of the live stream player. Then just type in your question and click Submit. You can submit questions at any time during the presentation, and the Nebious Management team will try and answer them during the Q&A portion of the call. I will now hand over to Gili Naftalovich, head of investor relations, to start the call. Hi, everyone, and welcome to Nebious' first quarter 2026 earnings conference call. Joining us on the call today are co-founder and CEO Arkady and our CFO, Dot El, along with the broader Nebious executive management team. Now, I'll quickly cover the safe harbor. Some of the statements that we make today regarding our business operations and financial performance may be considered forward-looking. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties. Actual results could differ materially. Please refer to our Form 20F, which has a list of our risk factors. We undertake no obligation to update any forward-looking statements. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings press release, which is distributed and available to the public through our investor relations website, located at nebius.com. And now I'd like to turn the call over to Arkady. Thanks, Gili, and welcome everyone to our call. We have had a great start to the year. We're building an AI-native hyperscaler, and I would say we're developing it across four dimensions. The first is capacity and scale. Second, product and ...