TNW | Finance
Nebius shares fall 16% as data centre delays cut its 2026 outlook
Revenue rose to $980.8m and beat estimates, but delayed third-party sites push some sales into 2027. Nebius now plans to spend up to $45bn next year.
By TNW | Finance
Excerpt shared by Lazyfounder
·Excerpt
Nebius shares fell 16% on Thursday after the Amsterdam-based AI cloud company cut its outlook for this year. It also raised its spending plans, CNBC’s Jordan Novet reported. The fall came despite third-quarter revenue that rose 571% from a year earlier, to $980.8m.
Analysts surveyed by LSEG had expected $907.5m, according to CNBC. Nebius…
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