Applied Digital beats revenue estimates as AI demand fuels data center growth

>The company's revenue rose 84% to $64.2 million for the quarter ended August 31, compared with analysts' estimate of $50 million, according to data compiled by LSEG.

>Applied Digital reported an adjusted loss per share of 3 cents, smaller than the 13 cent loss expected by analysts.

>The company generated $37.9 million in revenue from the Data Center Hosting Business segment during the June-to-August period.

>Cost of revenues rose 144% to $55.6 million in the quarter. About $25 million of the cost was associated with building and preparing facilities for clients in the high-performance computing hosting segment, the company said.

[https://www.reuters.com/technology/applied-digital-beats-revenue-estimates-ai-demand-fuels-data-center-growth-2025-10-09/](https://www.reuters.com/technology/applied-digital-beats-revenue-estimates-ai-demand-fuels-data-center-growth-2025-10-09/)

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