Nebius posted third-quarter revenue of $980.8 million, representing a 571% increase from the prior year and surpassing Wall Street projections. The company also narrowed its net loss to $37.5 million, down from $119.6 million in the prior-year period. To fuel its rapid operational growth, Nebius raised $5.75 billion in debt financing during the quarter. However, the sector faces headwinds from local ballot measures restricting data center development and reported board plans at Nvidia to remove CEO Jensen Huang.
Key points
Strong operational revenue growth of 571% was not enough to prevent Nebius shares from fa…: Strong operational revenue growth of 571% was not enough to prevent Nebius shares from falling following the earnings announcement.
Neocloud operators are managing heavy debt burdens as competitor CoreWeave saw bond yield…: Neocloud operators are managing heavy debt burdens as competitor CoreWeave saw bond yields exceed 16% and capped parent-level debt.
Sector stability is threatened by U.S. ballot initiatives restricting data center constru…: Sector stability is threatened by U.S. ballot initiatives restricting data center construction and reported turmoil surrounding Nvidia's executive leadership.
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Nebius, one of the biggest publicly traded neoclouds, reported third-quarter revenue that beat analysts' estimates on Thursday.
Here's how the company performed relative to LSEG consensus:
- Loss per share: Loss of 13 cents per share
- Revenue: $980.8 million vs. $907.5 million
It was not immediately clear if the loss per share was comparable to the 69 cents expected by analysts.
Revenue jumped 571% in the quarter, according to a statement. The company reported a net loss of $37.5 million, a loss of 13 cents per share, compared with $119.6 million, a loss of 50 cents per share, a year earlier.
Nebius' results come after fellow neoclouds CoreWeave and IREN reported better-than-expected financials in their earnings announcements over the past week. That's provided a boost to the companies' stocks, which had suffered steep selloffs in recent weeks on concern about the sustainability of the artificial intelligence buildout.
Last week, CoreWeave's bond yields spiked past the 16% mark. In its earnings report on Tuesday, CoreWeave told analysts it expects to keep parent-level debt financing under $5 billion through 2027.
Bengaluru-based apparel manufacturer Page Industries established November 18, 2026, as the record date to determine investor eligibility for its latest payout. Despite reporting quarterly earnings growth, the company faced mounting cost pressures as total expenses climbed 15%. This profitability strain prompted an immediate negative market reaction, driving the stock down more than 12% toward a six-month low.
Singapore authorities took action after discovering the Chinese businesswoman sought to obscure her involvement in Megaspeed, a data centre firm accused of breaching U.S. export controls by smuggling thousands of advanced processors into China. The development carries significant geopolitical and corporate weight given her admitted personal ties to Nvidia CEO Jensen Huang, which she and her husband used to pursue lucrative technology ventures.
Amsterdam-based infrastructure provider Nebius secured robust third-quarter results as customers committed to extended contracts with higher upfront payments, fully funding the firm's immediate data center and networking buildouts. However, a conservative 2026 revenue forecast capped enthusiasm as investors scrutinize debt and financing conditions across the specialized AI cloud sector. The print offers relief following severe market swings that erased more than a third of the company's valuation last month.