10:09 AM EDT, 05/13/2026 (MT Newswires) -- (Updates to include Nebius Group stock movement in the headline and the first paragraph.)

Nebius Group (NBIS) shares were up nearly 12% in early Wednesday trading after the company reported Q1 earnings and revenue that topped analysts'expectations.

The company reported Q1 earnings of $2.11 per diluted share, swinging from a loss of $0.48 a year earlier.

Analysts polled by FactSet expected a loss of $0.83.

Revenue for the quarter ended March 31 was $399 million, up from $50.9 million a year earlier.

Analysts expected revenue of $375.1 million.

Price: 200.03, Change: +20.92, Percent Change: +11.68