Nebius Group N.V. (NBIS) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:04.420 Welcome to Nebius Group's second quarter 2025 earnings conference call. 00:00:04.420 -- 00:00:09.560 Joining me today are Arkady Volosh, founder and CEO, and our broader management team. 00:00:09.560 -- 00:00:14.340 Our remarks today will include forward-looking statements, which are based on assumptions 00:00:14.340 -- 00:00:19.480 as of today. Actual results may differ materially as the results 00:00:19.480 -- 00:00:24.640 of various factors, including those set forth in today's earnings release, and in our 00:00:24.640 -- 00:00:28.360 annual report on Form 20F or filed with the SEC. 00:00:28.360 -- 00:00:32.540 We undertake no obligation to update any forward-looking statements. 00:00:32.540 -- 00:00:37.600 During this call, we will present both GAAP and certain non-GAAP financial 00:00:37.600 -- 00:00:42.000 measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings 00:00:42.000 -- 00:00:46.480 press release. The earnings press release, shareholder letter, and accompanying investor 00:00:46.480 -- 00:00:50.260 presentation are available on our website at .nebius.com 00:00:50.260 -- 00:00:55.660 forward slash investor dash hub. And now I'd like to 00:00:55.660 -- 00:00:58.080 turn the call over to Arkady. 00:00:58.080 -- 00:01:03.940 Thanks, Neil. And thank you to everyone for joining the call today. 00:01:03.980 -- 00:01:09.140 I'm pleased to say that we had an excellent quarter. 00:01:09.140 -- 00:01:14.480 We more than doubled our revenue for the whole group from Q1. 00:01:14.480 -- 00:01:19.540 And this quarter, we also became EBITDA positive in our core AI infrastructure 00:01:19.540 -- 00:01:24.160 business ahead of our previous projections. 00:01:24.160 -- 00:01:29.420 We could grow faster, bu...