• Nebius Group average ebitda margin for 2023 was 9.37%, a 12.76% decline from 2022.
• Nebius Group average ebitda margin for 2022 was 8.31%, a 14.51% increase from 2021.
• Nebius Group average ebitda margin for 2021 was 9.72%, a 45.61% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.