Nebius Beats Q3 Revenue and Adjusted EBITDA Estimates as Shares Rise Premarket

Nebius beat third-quarter estimates with $980.8 million in revenue and $465.8 million in adjusted EBITDA, while its Nasdaq-listed shares rose more than 3% in premarket trading by 7:15 a.m. ET (12:15 UTC) Thursday, Nov. 12.

Revenue exceeded the $918.5 million expectation, while adjusted EBITDA came in above the $357.4 million estimate. Revenue rose 68% from $582.3 million in the second quarter, while adjusted EBITDA nearly doubled from $236.2 million. Revenue in that quarter had increased 454% from a year earlier, as detailed in Nebius’ second-quarter results.

Nebius provides AI cloud infrastructure. The company had been scheduled to release its results before the U.S. market opened, a timing covered in an earlier Q3 preview. Its conference call is scheduled for 8 a.m. ET (13:00 UTC).