Nebius Group N.V. (NBIS) Q4 2025 Earnings Call

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WEBVTT 00:00:01.347 -- 00:00:06.096 Welcome to NEVIUS Group's Q4 2025 Earnings Conference Call. 00:00:06.096 -- 00:00:09.382 The presentation will be followed by a Q&A session. 00:00:09.382 -- 00:00:13.751 If you would like to ask a question, you can click the Ask a Question tab in the top 00:00:13.751 -- 00:00:19.049 right of the live stream player. Then just type in your question and click Submit. 00:00:19.049 -- 00:00:23.435 You can submit questions at any time during the presentation, and the Nebius management 00:00:23.435 -- 00:00:28.241 team will try and answer as many questions as they can during the Q&A portion of the 00:00:28.241 -- 00:00:33.467 call. I will now hand over to Neil Doshi, VP Head of Investor Relations, 00:00:33.467 -- 00:00:35.850 to start the call. 00:00:35.850 -- 00:00:41.197 Thank you, and welcome to Nebius Group's fourth quarter 2025 earnings conference call. 00:00:41.197 -- 00:00:44.461 My name is Neil Doshi, Vice President of Investor Relations. 00:00:44.461 -- 00:00:50.088 Joining me today are Akari Baloch, Founder and CEO of and our broader management team. 00:00:50.088 -- 00:00:54.394 Our remarks today will include forward-looking statements, which are based on assumptions 00:00:54.394 -- 00:00:59.662 as of today. Actual results may differ materially as a result of various factors, including 00:00:59.662 -- 00:01:04.690 those set forth in today's earnings quest release and in our annual report on Form 20F 00:01:04.690 -- 00:01:09.921 filed with the SEC. We undertake no obligation to update 00:01:09.921 -- 00:01:14.605 any forward-looking statements. During this call, we will present both GAAP and certain 00:01:14.605 -- 00:01:20.270 non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included 00:01:20.270 -- ...