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CoreWeave, Inc. CRWV described the third quarter as a breakout quarter, with revenue increasing by more than $1 billion sequentially, improved adjusted operating margins, expanding infrastructure capacity and stronger customer commitments. It reported revenue of $3.66 billion, up 168% year over year, highlighting the company's ability to convert AI infrastructure demand into business growth rapidly. CoreWeave's adjusted operating income rose to $379 million, achieving a 10% margin versus 5% in the previous quarter. Adjusted EBITDA surged 169% year over year to $2.3 billion, with a 62% margin.
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