Coreweave (CRWV) Q1 2025 Revenue Report

Stock supplier infrastructure of artificial intelligence Buiss It is reported higher than expected, on Wednesday in the first issue of the company’s profit since the public. The shares jumped out in advanced trade.

Here’s how Coreweave did compared to the LSEG consensus:

• Profit per share: Loss of 1.49 dollars
• Income: $ 981.6 million against $ 853 million expected

The revenue increased by 420% in the quarter, ended on March 31, with $ 188.7 million a year ago, A a statement. This is compared to 737% growth for all 2024.

A $ 314.6 million company’s net loss increased from $ 129.2 a year earlier, partly due to $ 177 million for reimbursement for the IPO rewards.

In rental to access to Nvidia Graphic units, Coreweave competes with cloud suppliers such as Amazon. But large companies like Google and Microsoft began to depend on Coreweave.

During the Openaii quarter, he made a five -year deal with Coreweave, which will cost up to $ 11.9 billion. The transaction is at the top of the Microsoft Openai, which responded for 62% of Coreweave 2024 revenues.

There was some skepticism that was sent to the report, although the shares increased by 31%a week.

Long-term uncertainty in demand and supply of II and hassle on the economy “is likely to keep stocks associated with the stock as long as,” Wells Fargo wrote in the Customer report last week. The firm recommends keeping the stock.

Upon completion of the largest in the US IPO supported by the company, since 2021, Coreweave saw its shares Debut on nasdaq At the end of March, initially at $ 39.

NvidiaThe client and the main supplier and already one of Coreweave’s major investors, entered into will secure the ipo For $ 40, lower than the range of $ 47 to $ 55, previously announced.

The executives will discuss the results and issue the conference recommendations at 17:00 ET.

This is conducting the news. Please check the updates.

See: Crame’s crazy dash: Coreweave