Q1 2026 adjusted EBITDA margin
Company: Nebius
The claim, verbatim
AI cloud business adjusted EBITDA margin of 45% in Q1 2026
Source (primary)
Nebius Raised Its Year-End Power Target From More Than 3 Gigawatts to 5 in 6 Months - Yahoo Finance (-, news_article)
View cached copy (2026-09-04)Live source ↗Archive.org ↗
Quote: “up from 45% in the first quarter”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article says the 50% margin was up from 45% in the first quarter.
Confirmed in the source:
- Nebius's AI cloud business had a 45% adjusted EBITDA margin in Q1 2026
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/nebius-raised-end-power-target-205701886.html) in full (13,517 characters, retrieved September 4, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius Raised Its Year-End Power Target From More Than 3 Gigawatts to 5 in 6 Months - Yahoo Finance
Quote: “up from 45% in the first quarter”