Nebius handily beats Q3 revenue expectations but shares fall

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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: 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.