{
  "id": 19650604,
  "title": "Nebius shares fall despite beating Q3 estimates",
  "url": "https://urgent.news/2026/11/12/nebius-shares-fall-despite-beating-q3-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T12:39:43.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/nebius-shares-fall-despite-beating-q3-estimates-5021464"
  },
  "original_language": "en",
  "account": "Nebius Group N.V. (NASDAQ: NBIS) reported third-quarter results that surpassed analyst expectations, yet the company's shares dropped over 10% in premarket trading. For the quarter ending September 30, the company reported a loss of $0.13 per share, outperforming the consensus estimate of a $0.63 loss. However, revenue grew dramatically by 571% year-over-year to $980.8 million, exceeding the $907.2 million estimate from analysts. Looking ahead to fiscal year 2027, Nebius anticipates revenue between $12 and $13 billion, which is higher than the consensus estimate of $11.98 billion.\n\nThe company also announced that adjusted EBITDA turned profitable for the quarter, amounting to $465.8 million, up from a loss of $5.2 million in the previous year. Adjusted net income improved to $90.9 million, reversing a $100.4 million loss from the prior year. Arkady Volozh, Nebius' founder and CEO, stated in a letter to shareholders that the company is constructing a full-stack platform to empower developers and businesses to control their AI future, from data and model training to production deployment.\n\nOperating expenses rose to $930.4 million, representing 95% of revenue, a decrease from 189% in the same quarter a year ago. The cost of revenues surged by 412% to $219.7 million, but the percentage of revenue declined from 29% to 22%. Capital expenditures increased significantly by 664% to $7.3 billion in the quarter, as Nebius expands its AI cloud infrastructure. As of September 30, the company had $7.4 billion in cash and cash equivalents, up from $3.7 billion at the end of 2025.\n\nFor the nine months ending September 30, revenue climbed 549% to $1.96 billion, while adjusted EBITDA reached $831.5 million, compared to a loss of $79.9 million in the same period last year.",
  "summary": null,
  "key_points": [
    "Nebius shares fell 10% despite beating Q3 earnings estimates",
    "Revenue surged 571% year-over-year to $980.8 million",
    "Adjusted EBITDA turned profitable at $465.8 million for the quarter"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}