Nebius Group N.V. (NBIS) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.118 Thank you and welcome to Nebius Group's third quarter 2025 earnings conference call. 00:00:05.118 -- 00:00:08.202 I'm Neil Doshi, Vice President of Investor Relations. 00:00:08.202 -- 00:00:13.910 Joining me today are Arkady Valoj, Founder and CEO of and our broader management team. 00:00:13.910 -- 00:00:18.337 Our remarks today will include forward-looking statements, which are based on assumptions 00:00:18.337 -- 00:00:23.344 as of today. Actual results may differ materially as a result of various 00:00:23.344 -- 00:00:28.675 factors, including those set forth in today's earnings press release and in our report 00:00:28.675 -- 00:00:34.281 on Form 20F filed with the SEC. We undertake no obligation to update any forward-looking 00:00:34.281 -- 00:00:35.823 statements. 00:00:35.823 -- 00:00:40.709 During this call, we will present both GAAP and certain non-GAAP financial measures. 00:00:40.709 -- 00:00:45.515 A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release. 00:00:45.515 -- 00:00:49.039 The earnings press release, shareholder letter, and accompanying investor presentation 00:00:49.039 -- 00:00:54.377 are available on our website at netvs.com And 00:00:56.561 -- 00:01:00.564 now I'd like to turn the call over to Arkady. 00:01:00.564 -- 00:01:04.748 Thanks, Neil. And thank you everyone for joining the call today. 00:01:04.748 -- 00:01:09.852 I'd like to share my thoughts about the demand environment, 00:01:09.852 -- 00:01:14.616 about our capacity plans and what we're doing in our product. 00:01:14.616 -- 00:01:16.918 First about the demand. 00:01:16.918 -- 00:01:22.685 Q3 demand was very strong. We sold out all of our available capacity. 00:01:22.685 -- 00:01:28.090 we continue to see a con...