• Google Cloud for AI development in Europe
• AWS for European AI companies
• Microsoft Azure for European AI customers

• Nebius Cloud: A comprehensive suite of public cloud services providing scalable computing power, storage, networking, and a variety of platform services for businesses.
• Nebius AI: An artificial intelligence and machine learning platform offering tools and services for developing, training, and deploying AI models and applications.
• Nebius Private Cloud: Offers dedicated cloud infrastructure and services that can be deployed within a customer's own data center, providing the benefits of cloud computing with enhanced control and security.

• Enterprises: Large and established organizations across various industries that leverage Nebius's cloud infrastructure, data analytics, and AI/ML platforms to power their operations, develop new solutions, and enhance existing services.
• AI/ML Startups and Developers: Companies and individual developers specializing in artificial intelligence and machine learning who require robust, scalable, and specialized computing resources (such as GPUs) for training complex models, developing AI applications, and deploying their solutions.
• Research Institutions: Organizations engaged in scientific research and development that utilize Nebius's high-performance computing and AI capabilities for data processing, simulations, and advanced analytical tasks.

Arkady Volozh, Chief Executive Officer, Founder

Arkady Volozh is the founder and CEO of Nebius, re-assuming the role in 2024. He previously co-founded Yandex, a prominent Russian technology company, and served as its CEO for 25 years, leading it to an IPO on the Nasdaq in 2011. Volozh's background in computer science led to the inception of several other successful IT enterprises, including InfiNet Wireless and CompTek International. Nebius was formed from the non-Russian assets of Yandex, focusing on AI infrastructure. In December 2024, Nebius raised $700 million from private investors, including Nvidia and Accel Partners.

Dado Alonso, Chief Financial Officer

Dado Alonso was appointed Chief Financial Officer of Nebius Group, effective June 1, 2025. She brings over 25 years of international finance leadership experience from high-growth technology and consumer companies such as Amazon, Booking.com, Naspers/OLX, and BBG. Her expertise includes capital markets, operational finance, and digital business models.

Ophir Nave, Chief Operating Officer

Ophir Nave serves as the Chief Operating Officer and is also a Non-Independent Executive Director on the Board of Nebius Group N.V.

Roman Chernin, Chief Business Officer

Roman Chernin holds the position of Chief Business Officer at Nebius.

Marc Boroditsky, Chief Revenue Officer

Marc Boroditsky was appointed as the Chief Revenue Officer of Nebius in May 2025. He has extensive experience in driving significant growth at technology firms, including Twilio, where he expanded the customer base and revenue considerably during his tenure.

The accelerated vertical integration in the AI infrastructure market poses a clear emerging threat to Nebius. Dominant hyperscale cloud providers (e.g., AWS, Azure, Google Cloud) are rapidly expanding their specialized AI computing ecosystems, offering full-stack solutions from custom chips (like Google's TPUs, AWS's Trainium/Inferentia) to AI platforms and foundation models. Simultaneously, leading AI chip manufacturers (e.g., NVIDIA) are increasingly moving up the value chain, offering direct AI computing services (e.g., NVIDIA DGX Cloud) that leverage their hardware dominance and optimized software stacks. This trend threatens to commoditize the provision of raw AI compute infrastructure, limit independent providers like Nebius's access to cutting-edge hardware on favorable terms, intensify competitive pricing pressures, and potentially reduce demand from major AI developers who may opt for these deeply integrated solutions offered by larger, vertically aligned players.

For Nebius's main products and services, the addressable market sizes are as follows:

• Nebius AI (AI-centric cloud platform and AI infrastructure): The total addressable market for the space Nebius competes in, which includes AI workloads and sovereign AI infrastructure, is estimated to grow from $33 billion in 2023 to nearly $260 billion by 2030. This market is considered global/international, driven by governments' desire for independence from US-based hyperscalers. Additionally, the broader cloud infrastructure-as-a-service (IaaS) market is estimated to be worth $580 billion in 2030, and the platform-as-a-service (PaaS) market is expected to generate $600 billion by the end of the decade, both of which Nebius addresses with its full-stack AI solutions globally. The general AI infrastructure market is also projected to reach $394.46 billion by 2030, globally.
• Toloka AI (data partner for generative AI development): null
• TripleTen (edtech platform for re-skilling for tech careers): null
• Avride (autonomous driving technology): null

Nebius (NBIS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

1. Aggressive Expansion of AI Infrastructure and Data Center Capacity: Nebius is significantly scaling up its data center capacity and GPU supply to meet surging demand for AI compute. The company aims to secure 220 megawatts of connected power by the end of 2025 and over 1 gigawatt by the end of 2026. This expansion directly addresses the high utilization of its current platform and enables the company to onboard more customers and fulfill larger contracts.

2. Securing Large Customer Contracts and Addressing Strong Demand: The company has reported robust demand for its AI-native cloud platform and has secured significant contracts. Notably, Nebius entered a $17.4 billion deal in September 2025 to supply GPU compute capacity to Microsoft over the next five years, with potential for an additional $2 billion. Other major enterprise clients, such as Cloudflare and Shopify, have also been added, contributing to increased revenue visibility and growth.

3. Organic Growth of Core AI Infrastructure Business: Nebius's core AI infrastructure business has demonstrated substantial growth, with revenue increasing more than ninefold year-over-year in Q2 2025. This segment also achieved positive adjusted EBITDA ahead of earlier projections. The continued organic growth and high utilization rates of its foundational AI cloud platform are crucial drivers for ongoing revenue expansion.

4. Launch and Adoption of New AI Products and Services: Nebius is enhancing its AI product offerings with new solutions designed to expand its market reach and deepen customer engagement. Recent launches include Nebius Token Factory, a platform for deploying and optimizing open-source and custom AI models at scale, and Nebius AI Cloud 3.0 "Aether," which focuses on enterprise-grade security, compliance, and control for AI deployment. These new services are expected to attract a broader customer base and drive additional revenue streams.

Share Repurchases

• In August 2024, shareholders authorized Nebius to repurchase up to 81 million Class A shares, with a maximum repurchase price of $10.50 per share.
• The initial authorization for share repurchases was intended to offer legacy shareholders an exit opportunity following the prolonged suspension of trading on Nasdaq.
• In December 2024, the Board determined that a potential repurchase of Class A shares was no longer warranted, citing strong trading dynamics and liquidity.

Share Issuance

• In December 2024, Nebius completed a $700 million private placement financing by issuing 33,333,334 Class A shares.
• The shares were issued at a price of $21.00 per share, which represented an approximate 3% premium to the volume-weighted average price since trading resumed on Nasdaq.

Inbound Investments

• Nebius secured $700 million in private placement financing in December 2024 from a group of institutional and accredited investors, including Accel, NVIDIA, and Orbis Investments.
• This investment is designated to support the accelerated global rollout of Nebius' full-stack AI infrastructure.

Capital Expenditures

• Capital expenditures for the full year 2024 totaled $808.1 million, primarily allocated to data centers, GPU hardware, and platform development.
• Management anticipates capital investments for 2025 to be in the broad range of $600 million to $1.5 billion, with the majority focused on the core Nebius AI infrastructure project.
• The primary focus of capital expenditures is on expanding AI infrastructure, including large-scale GPU clusters and data centers across Europe and the US, with plans to deploy 22,000 next-gen NVIDIA Blackwell GPUs in 2025.