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Nebius Group N.V. NBIS reported adjusted earnings of 30 cents per share for the third quarter of 2026 against an adjusted loss of approximately 42 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of a loss of 61 cents per share. Revenues surged 571% year over year to $980.8 million, beating the Zacks Consensus Estimate of $917 million by 6.98%. Growth was driven by expanding AI cloud capacity and revenues from asset-light partnerships. Annualized run-rate revenues reached $6.4 billion, up 1,062% year over year.Zacks Investment Research Image Source: Zacks Investment Research NBIS' AI Cloud Revenues Surge on Capacity Expansion Nebius AI Cloud revenues totaled $973.8 million, increasing 643% year over year.
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