OVHcloud Reports Q1 2026 Revenue of €275.3M, Targets €2B Annual Revenue
OVHcloud reported a first quarter 2026 revenue of €275.3 million, marking a six percent increase from the previous year, with private cloud services generating €167.2 million. The company aims for a long-term revenue target of €2 billion, driven by significant growth in the public cloud sector and strong performance in France. Additionally, OVHcloud launched a quantum computing platform and anticipates adjusted EBITDA for 2026 to surpass that of 2025 amid ongoing supply chain challenges.
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OVHcloud reported first quarter 2026 revenue of €275.3 million, a six percent year-on-year increase. Revenue breakdown includes private cloud at €167.2 million, public cloud at €58.2 million, and webcloud at €49.8 million.
CEO Octave Klaba aims for a long-term revenue target of €2 billion, although a timeline is unspecified. The public cloud sector demonstrated significant growth with a net revenue retention rate of 105 percent.
France contributed 48 percent of revenue, while the rest of Europe accounted for 29 percent. Notable partnerships include hosting services for LCH SA under LSEG's cloud strategy. OVHcloud anticipates adjusted EBITDA for 2026 will exceed that of 2025 and is preparing for future capex impacts due to supply chain issues. OVHcloud also launched a quantum computing platform featuring eight quantum computers.
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