OVHcloud, the largest cloud provider in Europe, reported annual growth near 10%, surpassing for the first time the symbolic one-billion-euro revenue mark by reaching €1.08 billion for the 2025 fiscal year. The company’s adjusted EBITDA margin stood at 40.4%, signaling solid profitability.
However, 2026 guidance surprised the market on the downside. OVHcloud anticipates organic revenue growth of between 5% and 7% for the current year, well below the 9.3% achieved in 2025 and far from analysts’ expectations, who had been forecasting around 10%. Following the announcement, the stock dropped about 18%, heading toward its largest single-day decline in history if the trend persists.
Operationally, OVHcloud expects to lift its adjusted EBITDA margin and to allocate capital expenditures representing between 30% and 32% of revenue, with the aim of strengthening its Webcloud segment.
Private Cloud Sales Soar
The revenue mix shows that Private Cloud sales rose by 8.5%, accounting for 62% of total revenue, while the Public Cloud expanded by 17.5% to represent 20% of revenue. The Webcloud segment grew by 3.7%, comprising 18% of the overall total.
The group, which serves nearly 1,200 clients, is also accelerating its international footprint, with rising demand seen in Canada, Singapore, and India. OVHcloud remains in competition with the American giants Amazon Web Services, Microsoft Azure, and Google Cloud.
Par ailleurs, the company announced the immediate return of its founder Octave Klaba to the role of CEO, after the board decided to merge the roles of chairman and chief executive. The Klaba family owns more than 80% of OVHcloud’s share capital.
Lastly, OVHcloud acknowledged a €180 million tender from the European Commission announced on October 10 for cloud infrastructure, while declining to comment further on ongoing discussions. “This takes time, but we are pleased to see the market moving in the right direction,” said Octave Klaba.
