Nebius Group N.V. Reports Q3 Revenue Growth Amidst Guidance Cut and Capex Concerns
Nebius Group N.V. (NBIS) reported strong third-quarter results, featuring a 571% revenue surge to $980.8 million and its first GAAP operating profit of $50.4 million. The company's capital efficiency improved significantly, with prepayments now covering over 100% of capex on new deals and a shortened payback period of approximately 19 months. Despite the strong operational performance, the stock faced downward pressure following a reduction in 2026 revenue guidance and an outlook of $12-13 billion for 2027. While analysts suggest these adjustments are due to timing rather than lack of demand, a projected $6-11 billion funding gap for capital expenditures raises concerns regarding potential shareholder dilution.
Tickers: $NBIS
Topics: capex funding guidance cut operating profit revenue growth
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Part of the story Nebius Group Reports Strong Revenue Growth Amidst Capacity Delays and Increased Capital Expenditure (2 articles)