DeFi Daily News
Tuesday, June 10, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Web 3

rewrite this title CoreWeave Revenue Soars on AI Demand, But Heavy Spending Hits Profit – Decrypt

Vince Dioquino by Vince Dioquino
May 15, 2025
in Web 3
0 0
0
rewrite this title CoreWeave Revenue Soars on AI Demand, But Heavy Spending Hits Profit – Decrypt
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

In brief

CoreWeave reported $981.6 million in Q1 revenue, a fivefold increase from the same period last year, but its net loss also deepened to $314 million.
Shares rose 6.6% to $67.46 following the report but dropped 7.8% in after-hours trading; the company went public in March at $39 per share.
The company forecast up to $23 billion in capital expenditures for 2025, well above analyst expectations, as it races to meet surging AI demand.

AI infrastructure firm CoreWeave reported revenue more than five times higher than a year ago, fueled by surging demand for computing power across the sector.

In the company’s first earnings report since going public in March, released Wednesday, CEO Mike Intrator said CoreWeave is “scaling as fast as possible” to meet “accelerating” needs for the booming AI sector. 

The New Jersey-based AI builder brought in $981.6 million in revenue for the first quarter this year, up roughly $793 million from 2024, according to its earnings report.

CoreWeave’s stock (NASDAQ: CRWV) closed higher on the day, up 6.6% to $67.46. The stock quickly gave up those gains in after-hours trading, falling 7.8% to $62.20, per Google Finance.

The stock had opened at $39 on March 28, marking one of the year’s biggest tech IPOs.

While its quarterly revenue has swelled, the company also reported a steeper net loss of $314 million, or $1.49 per share, compared to a $129.2 million loss in Q1 2024.

Those losses are compounded by its heavy spending, expected to run up to $23 billion in capital expenditures for the year. The figure is well above Bloomberg consensus estimates of $18.3 billion.

AI infrastructure deals would keep growing due to “soaring demand for AI,” Jay Jo, senior analyst at Tiger Research, told Decrypt.

“But for the flywheel to keep turning, the AI market needs to generate real profits and build a solid, recurring revenue base, not just rely on investment,” Jo noted. “Without that, long-term momentum could stall.”

Most AI firms, including OpenAI, which made a $12 billion deal with CoreWeave in March, “heavily depend on external funding” to cover their operating costs, Jo said.

In the same month, it began the acquisition of Weights & Biases, a software deal that further catapulted it to the forefront of AI infrastructure.

Still, CoreWeave threaded full-year revenue between $4.9 billion and $5.1 billion, beating analyst projections, per the earnings report.

For now, CoreWeave’s expanding partnerships and backlog illustrate a solid market position, yet questions persist regarding sustainable profitability amid aggressive infrastructure growth.

“Everyone paints a rosy picture of the future, but profitability is the real foundation,” Jo said.

Edited by Sebastian Sinclair

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: CoreWeaveDecryptdemandHeavyHitsProfitRevenuerewriteSoarsspendingtitle
ShareTweetShare
Previous Post

rewrite this title Kamino Finance Wraps Up Season 3, Launches Airdrop Eligibility Checker Ahead Of 350M KMNO Distribution

Next Post

rewrite this title Why Most DeFi Projects Fail (And What Needs to Change)

Next Post
rewrite this title Why Most DeFi Projects Fail (And What Needs to Change)

rewrite this title Why Most DeFi Projects Fail (And What Needs to Change)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Exploring the Top Option for Streaming On-Chain Data – Moralis Web3 | Enterprise-Grade Web3 APIs as an Alternative to QuickAlerts

Exploring the Top Option for Streaming On-Chain Data – Moralis Web3 | Enterprise-Grade Web3 APIs as an Alternative to QuickAlerts

July 12, 2024
Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

August 16, 2024
rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

April 17, 2025
Brendan Murphy Releases ‘Spacemen’ Bitcoin Art Series Through Ordinals on Coin Media

Brendan Murphy Releases ‘Spacemen’ Bitcoin Art Series Through Ordinals on Coin Media

July 18, 2024
Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

August 27, 2024
rewrite this title Jeanie Buss shockingly admits keeping Luka Doncic-AD deal ‘under wraps’ to avoid any leak leading to trade collapse

rewrite this title Jeanie Buss shockingly admits keeping Luka Doncic-AD deal ‘under wraps’ to avoid any leak leading to trade collapse

April 17, 2025
rewrite this title Ethereum Price Eyes 38% Jump To ,500 As 50EMA Swims Into View

rewrite this title Ethereum Price Eyes 38% Jump To $3,500 As 50EMA Swims Into View

June 10, 2025
rewrite this title While LA Burns Waymos, London Teases Driverless Car Pilot – Decrypt

rewrite this title While LA Burns Waymos, London Teases Driverless Car Pilot – Decrypt

June 10, 2025
rewrite this title Owner of ‘Breaking Bad’ House Is Furious With Tourists

rewrite this title Owner of ‘Breaking Bad’ House Is Furious With Tourists

June 10, 2025
rewrite this title Moonbirds NFT Sales Surge by 2,500% Following IP Transfer

rewrite this title Moonbirds NFT Sales Surge by 2,500% Following IP Transfer

June 10, 2025
rewrite this title with good SEO Cardano Releases First-Ever Bitcoin DeFi Protocol

rewrite this title with good SEO Cardano Releases First-Ever Bitcoin DeFi Protocol

June 10, 2025
Wow, You’re Screwed

Wow, You’re Screwed

June 10, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.