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2026-11-12T14:04:53.760Z

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Nebius drops 10% on beat

Nebius drops 10% on beat

Nebius shares fell about 10% despite third-quarter revenue soaring 571% to $980.8 million, above analysts’ expectations of $907.5 million, as the company posted a net loss of $37.5 million. The company attributed the share-price drop to a disappointing outlook, saying it expected 2026 revenue to come in at the low end of its $3 billion to $3.4 billion range, while forecasting revenue of $12 billion to $13 billion in 2027. It also raised its 2026 capital expenditure estimate to $27 billion, up from its previous forecast of $20 billion to $25 billion.

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