Nebius Group Posts Q3 Rev $980.8 Mln, Expects Reaching Pre-Tax Breakeven By 2027 End
Nov 12 (Reuters) - Nebius Group NV NBIS.O:
NEBIUS GROUP: GROUP REVENUE IN Q3 OF $980.8 MILLION VERSUS IBES ESTIMATE $907.5 MILLION
NEBIUS GROUP: NEBIUS AI CLOUD REVENUE WAS $973.8 MILLION IN Q3, UP 643%
NEBIUS GROUP: PREPAYMENTS ON Q3 AGREEMENTS COVERED MORE THAN 100% OF ASSOCIATED CAPEX, INCLUDING DATA CENTER CONSTRUCTION AND NETWORKING
NEBIUS GROUP: NOW EXPECT 2026 REVENUE AT THE LOW END OF OUR $3.0 BILLION-$3.4 BILLION RANGE VERSUS IBES ESTIMATE $3.37 BILLION
NEBIUS GROUP: EXPECT ARR WE GUIDED TO FOR DECEMBER TO ARRIVE IN FEBRUARY, EVEN BEFORE NEW JERSEY RAMPS UP TO FULL CAPACITY
NEBIUS GROUP: EXPECT 2026 CAPEX ABOUT $27 BILLION, AS WE INVEST IN CAPACITY FOR 2027, IN PARTICULAR AT OUR OWNED SITES
NEBIUS GROUP: EXPECT ARR TO EXCEED $7 BILLION FOR FEBRUARY
NEBIUS GROUP: ANTICIPATE 2027 CAPEX OF $40 BILLION - $45 BILLION
NEBIUS GROUP: EXPECT TO REACH PRE-TAX BREAKEVEN BY THE END OF 2027
NEBIUS GROUP: EXPECT PREPAYMENTS AND FINANCING AGAINST EXISTING CONTRACTS WITH INVESTMENT-GRADE CUSTOMERS TO COVER 75%-85% OF 2027 CAPEX
NEBIUS GROUP: ARR OF $6.4 BILLION AS OF SEPTEMBER END; WE NO LONGER SEE ARR AS THE RIGHT MEASURE OF OUR BUSINESS
NEBIUS GROUP: EXPECT 2027 REVENUE OF $12 BILLION -$13 BILLION VERSUS IBES ESTIMATE $11.98 BILLION
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