Nebius Group reported fiscal second-quarter revenue of $105.1 million, a six-fold increase from a year earlier and ahead of the $101.2 million average analyst estimate. The cloud-infrastructure provider’s growth was driven by continued customer additions and higher utilization of existing sites. Profitability also improved. The company posted an adjusted net loss of $0.38 a share, narrower than the $0.45 loss analysts expected. Adjusted EBITDA was a loss of $21 million, far better than the projected $59.6 million shortfall, and management said the core business turned positive on an adjusted EBITDA basis ahead of schedule. On the back of the stronger quarter, Nebius lifted its 2025 annualized run-rate revenue guidance to a range of $900 million to $1.1 billion, up from a previous market view of roughly $875 million. It also outlined plans to expand computing-power capacity to more than one gigawatt by the end of 2026, with a near-term goal of 220 megawatts by year-end 2025. Investors welcomed the results and outlook, sending Nebius shares up about 11% in pre-market trading.