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CoreWeave Q1 revenue hits $2.08B, beats estimate, but Q2 outlook

CoreWeave reports Q1 revenue of $2.08B, up 112% year-on-year, beating estimates, but issues below-consensus Q2 guidance, sending shares down over 8% after hours.

May 8 · · primary fetch1 sourceupdated May 8 ·

Jordan Novet / CNBC: CoreWeave reports Q1 revenue up 112% YoY to $2.08B, vs. $1.97B est., a $99.4B revenue backlog, forecasts Q2 revenue below estimates; CRWV drops 8%+ after hours — CoreWeave shares tumbled 10% in extended trading on Thursday after the AI infrastructure provider issued light revenue guidance …

read full article on techmeme.com ↗
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  1. techmeme.comCoreWeave reports Q1 revenue up 112% YoY to $2.08B, vs. $1.97B est., a $99.4B revenue backlog, forecasts Q2 revenue below estimates; CRWV drops 8%+ after hours (Jordan Novet/CNBC)primary