Acceleration of growth in the third quarter

• O ga ic g owth of 6.9%, d ive by Public Cloud, which g ew by mo e tha 20%
• St e gthe i g AI Lab with Gladia a d a p eview of OVHai Wo kspace
• Co fi matio of FY2026 guida ce

Reve ue by p oduct segme t

Octave Klaba, Chai ma a d CEO of OVHcloud, said:   

“I Q3 FY2026, ou o ga ic g owth accele ated to 6.9%, d ive by Public Cloud, which etu ed to g owth above 20%. I li e with H1 FY2026, we have mai tai ed st ict fi a cial discipli e a d a e the efo e eaffi mi g ou ta get of achievi g positive leve ed f ee cash flow i FY2026.

This qua te , I would also like to highlight th ee st uctu al i itiatives.

Fi stly, to meet the g owi g dema d fo a t usted cloud, we eo ga ised the Co po ate sales fo ce. This u de lyi g comme cial mome tum is illust ated this qua te by ou selectio by the Eu opea Commissio to p ovide a sove eig cloud fo EU i stitutio s.

Seco dly, fo Sta te s, we mai tai ed ou offe sive comme cial app oach with seve al updates to ou offe i gs: VPS 2027, Domai Names 2027 a d Web Hosti g 2027 – which have all led to a steady i c ease i ew custome s.

Fi ally, buildi g o ou acquisitio of D ago LLM, we fu the expa ded ou AI Lab with the acquisitio of Gladia, aimi g to develop sove eig ge e ative, age tic a d multimodal AI. At VivaTech, the AI Lab also offe ed a p eview of OVHai Wo kspace, a collabo ative a d ope age tic AI platfo m.” 

Public Cloud d ives g owth i Q3 FY2026

OVHcloud’s eve ue fo the thi d qua te of FY2026 came i at €289.6 millio , up 6.9% like fo like, eflecti g seque tial accele atio . This g owth co ti ues to be d ive mai ly by Public Cloud, which etu ed to g owth above 20%.

Existi g custome s’ dema d co ti ued to i c ease, eflecti g the loyalty of the custome base, with the et eve ue ete tio ate eachi g 102% o a like-fo -like basis, despite optimisatio measu es i Hosted P ivate Cloud.

Reve ue by p oduct segme t

I the thi d qua te of FY2026, P ivate Cloud (60.1% of eve ue) accou ted fo €174.0 millio , up 4.0% o a like-fo -like basis.

• Ba e Metal Cloud co ti ued to be efit f om the epositio i g of its e t y- a ge offe i gs, a d accele ated acquisitio s i Sta te s;
• Withi the Hosted P ivate Cloud segme t, g owth i the Co po ate segme t offsets the chu of ce tai Sta te s a d Scale s custome s affected by B oadcom’s p ice i c eases

I the thi d qua te of FY2026, Public Cloud (22.7% of eve ue) accou ted fo €65.6 millio , up 20.2% o a like-fo -like basis.

• Public Cloud co ti ued its sustai ed g owth t ajecto y, buoyed by ve y st o g custome acquisitio i Sta te s, pa ticula ly fo VPS offe i gs followi g the lau ch of VPS 2027.
• The Scale s a d Co po ate segme ts a e cu e tly expa di g, d ive by a exte sive p oduct catalogue with deployme t i the 3-AZ egio s i Pa is a d Mila .

I the thi d qua te of FY2026, Web Cloud (17.3% of eve ue) accou ted fo €50.0 millio , up 2.0% o a like-fo -like basis.   

• Tha ks to the offe sive sales st ategy, custome acquisitio has i c eased, pa ticula ly i the domai ame segme t.           
• OVHcloud co ti ues to i ovate with the lau ch of ew p oducts: Webhosti g 2027, Ma aged Hosti g fo Wo dP ess, a d OVHcloud Video Ce te .

Reve ue by egio                                                                                                      

F a ce accou ted fo 48% of total G oup eve ue a d was up 5.8% o a like-fo -like basis, a slight seque tial imp oveme t compa ed to H1 FY2026. P ivate Cloud be efited f om the epositio i g of its e t y- a ge offe i gs; Public Cloud etu ed to g owth above 20%; a d Web Cloud co ti ued to be buoyed by suppo t se vices a d domai ames.

The othe cou t ies of Eu ope accou ted fo 29% of total G oup eve ue a d i c eased by 7.4% o a like-fo -like basis. Compa ed to H1 FY2026, g owth mo e tha doubled d ive by st o ge mome tum i the Public Cloud segme t.

Rest of the Wo ld accou ts fo 23% of the G oup’s total a d eco ded g owth of 8.6% o a like-fo -like basis. G owth co ti ues to be d ive by the expa sio of the Public Cloud segme t a d the P ivate Cloud segme t’s esilie ce.

FY2026 objectives – Positive leve ed f ee cash flow

I li e with the fi st half of FY2026, the G oup mai tai ed its st ict fi a cial discipli e, combi i g igo ous cost ma ageme t with a pa ticula focus o cash ge e atio .              

OVHcloud co fi ms all the followi g ta gets fo FY2026:

• O ga ic eve ue g owth of betwee 5% a d 7%;
• Adjusted EBITDA ma gi above FY2025;
• Adjusted Capex ep ese ti g betwee 33% a d 35% of eve ue, excludi g locked-i stock fo FY2027 cove ed by dedicated fi a ci g;
• positive Leve ed F ee Cash flow.

A qua te full of a ou ceme ts 

Exclusive egotiatio s to acqui e Gladia, expe t i voice AI

Th ough this acquisitio , OVH G oupe st e gthe s its teams with ew voice AI expe ts. By i te alizi g the Speech-to-Text (STT) tech ology buildi g blocks developed by Gladia, OVHcloud a d OVHai will offe thei custome s ew voice AI se vices.   

OVH Labs u veils OVHai Wo kspace “i p eview”, a ope , collabo ative age tic AI platfo m

P eviewed at VivaTech, OVHai Wo kspace b i gs togethe collabo ative tools (email, cloud sto age, video co fe e ci g) while emai i g ope to pa t e applicatio s. It uses age tic AI to automate complex actio s, with e d-to-e d e c yptio a d local p ocessi g of se sitive data.

St uctu i g the Co po ate sales o ga isatio to accele ate g owth

To meet the g owi g dema d fo a t usted cloud, data co t ol a d t usted AI, OVHcloud has eo ga ised the Co po ate sales fo ce, with a dedicated ma ageme t team i six cou t ies epo ti g to a ew CRO Co po ate, B u o Ro sse (Executive Committee membe ).

New P emie 2027 se ve s fo Ma aged VMwa e vSphe e

This P ivate Cloud solutio add esses the most c itical use cases (mig atio , disaste ecove y, e te p ise applicatio hosti g a d applicatio mode isatio ). The P emie 2027 a ge deploys VMwa e e vi o me ts a d upg ades them with e ha ced pe fo ma ce a d flexibility.

The DEEP, OVHcloud a d Cleve Cloud co so tium is selected fo the sove eig cloud fo Eu opea i stitutio s

The co so tium comp isi g DEEP by POST Luxembou g G oup, OVHcloud a d Cleve Cloud was selected by the Eu opea Commissio to p ovide a sove eig cloud fo EU i stitutio s, sig alli g u de lyi g mome tum. This co t act, capped at a maximum value of €180 millio ove six yea s, is a key step i the p actical impleme tatio of the Eu opea digital sove eig ty st ategy.

Co fe e ce callO Thu sday 25 Ju e 2026 at 10 a.m. (CEST – Pa is), OVHcloud’s ma ageme t will hold a co fe e ce call i E glish.

Co ectio li ks:

Afte the co fe e ce call, a eplay of the webcast will be available i the I vesto elatio s sectio of the OVHcloud website: https://co po ate.ovhcloud.com/e -gb/i vesto – elatio s/fi a cial- esults/                   

Cale da

20 Octobe 2026: FY2026 A ual Results

About OVHcloud

OVHcloud is a global cloud playe a d the Eu opea cloud leade . Fo mo e tha 25 yea s, the G oup has placed its tech ological expe tise at the se vice of busi esses, develope s a d public-secto o ga izatio s, developi g i ovative solutio s i cloud computi g, a tificial i tellige ce, qua tum computi g a d ext-ge e atio i f ast uctu e. With 46 datace t es wo ldwide, OVHcloud se ves 1.6 millio custome s i mo e tha 140 cou t ies ac oss fou co ti e ts. Its u ique i teg ated model e ables it to delive a sove eig , sustai able, high-pe fo ma ce a d t a spa e t cloud, desig ed to meet c itical equi eme ts fo availability, esilie ce, secu ity, complia ce a d cost co t ol. I a wo ld whe e tech ology i c easi gly shapes ou futu e, OVHcloud holds a st o g co victio : i ovatio must emai ope , co t olled a d accessible to as ma y people as possible. By e abli g o ga izatio s to etai co t ol ove thei data a d tech ology choices, OVHcloud helps them i ovate, build a d deploy tomo ow’s digital se vices f eely.OVHcloud, I ovatio fo F eedom.

Co tacts

Appe dices

Glossa y

The diffe e t go-to-ma ket segme ts a e dete mi ed acco di g to the followi g c ite ia:

• Sta te s: custome s with a digital cha el a d less tha €25,000 i ARR (a ual ecu i g eve ue);
• Scale s: custome s with a digital cha el a d mo e tha €25,000 i ARR (a ual ecu i g eve ue);
• Co po ate: custome s with eithe a di ect sales st ategy, via calls fo te de o the OVHcloud sales team, o a i di ect sales st ategy, via specialised pa t e s.

ROCE ( etu o capital employed) is calculated by dividi g adjusted EBITDA afte dep eciatio , amo tisatio a d impai me t a d tax fo the cu e t fi a cial yea by capital employed fo the p evious yea .

Capital employed co espo ds to Goodwill, ta gible a d i ta gible fixed assets less et wo ki g capital equi eme ts afte tax.

Like-fo -like is calculated at co sta t excha ge ates a d co sta t scope. Scope adjustme ts co espo d to M&A.

The et eve ue ete tio ate fo a y pe iod is equal to the pe ce tage calculated by dividi g (i) the eve ue ge e ated i such pe iod f om custome s that we e p ese t du i g the same pe iod of the p evious yea , by (ii) the eve ue ge e ated f om all custome s i that p evious yea pe iod. Whe the eve ue ete tio ate exceeds 100%, it mea s that eve ue f om the eleva t custome s i c eased f om the eleva t pe iod i the p evious yea to the same pe iod i the cu e t yea , i excess of the eve ue lost due to chu .

ARPAC (Ave age eve ue pe active custome ) ep ese ts the eve ue eco ded i a give pe iod f om a give custome g oup, divided by the ave age umbe of custome s f om that g oup i that pe iod (the ave age umbe of custome s is dete mi ed o the same basis as i dete mi i g et custome acquisitio s). ARPAC i c eases as custome s i a give g oup spe d mo e o OVHcloud se vices. It ca also i c ease due to a cha ge i mix, as a i c ease (o dec ease) i the p opo tio of high-spe di g custome s would i c ease (o dec ease) ARPAC, i espective of whethe total eve ue f om the eleva t custome g oup i c eases.

Recu i g EBITDA is equal to eve ue less the sum of pe so el costs a d othe ope ati g expe ses (a d excludi g dep eciatio a d amo tisatio cha ges, as well as items that a e classified as “Othe o ‑ ecu i g ope ati g i come a d expe ses”).

Adjusted EBITDA is equal to ecu i g EBITDA excludi g sha e-based compe satio a d expe ses esulti g f om the payme t of ea -outs.

Recu i g Capital Expe ditu e (Capex) eflects the capital expe ditu e eeded to mai tai the eve ue ge e ated du i g a give pe iod fo the followi g pe iod.

G owth capital expe ditu e (Capex) ep ese ts all capital expe ditu e othe tha ecu i g capital expe ditu e.

U leve ed f ee cash flow ep ese ts cash flows f om ope ati g activities mi us capital expe ditu e.

Leve ed f ee cash flow ep ese ts cash flows f om ope ati g activities mi us capex, mi us epayme t of lease liabilities, mi us fi a cial i te est paid, a d i cludes dedicated fi a ci g elated to specific ope atio s (excludi g M&A).

Reve ue by segme t a d geog aphy

Reco ciliatio of like-fo -like a d epo ted g owth

Attachme t

• 2026 06 25 – OVHcloud Q3 FY26 PR EN vDef