NBIS Stock Surges as Nebius Earnings Revenue Jumps 571% YoY
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Nebius (NASDAQ: NBIS) reported Q3 2026 revenue of $980.8 million, up 571% year over year and ahead of the $908 million analyst consensus, sending the stock sharply higher. Adjusted EBITDA came in at $465.8 million versus $353 million expected, while Nebius AI cloud revenue reached $973.8 million, a 643% year-over-year increase. The company said annual recurring revenue hit $6.4 billion. The results matter because they show AI cloud demand translating into rapid top-line growth and better-than-expected profitability for the Nasdaq-listed neocloud provider. Next, investors will watch whether Nebius can sustain its ARR trajectory and convert backlog into revenue as it scales data-center capacity.
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