Nebius Expects Faster Payback as Q2 Revenue Jumps 454%
Nebius said the payback period for its latest AI infrastructure deals has fallen to below two years, expecting to recoup capex and operating costs in about a year and 10 months. Revenue rose 454% to $582.3 million, with adjusted EBITDA swinging to $236.2 million. The company raised its year-end contracted-power target to 5 gigawatts as it sells capacity selectively.