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Nebius Group N.V. NBIS delivered impressive third-quarter 2026 results, with revenues surging 571% year over year to $980.8 million, up 68% sequentially. The growth was primarily driven by capacity additions over the past 12 months and strong demand for AI infrastructure. Nebius AI Cloud revenues jumped 643% to $973.8 million, accounting for approximately 99% of total revenues. However, sustaining this momentum will depend on the company's ability to expand capacity and execute its ambitious growth plans. The company's expanding customer base and favorable contract terms support its growth prospects. Since the beginning of the third quarter, customers have committed more than $12 billion in contract value, including multibillion-dollar agreements.
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