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Nebius Group Secures Major Contracts Amid Significant Growth
Nebius Group (NASDAQ: NBIS), an AI infrastructure company, recently announced a five-year contract with Meta Platforms valued at approximately $3 billion. This follows a prior partnership with Microsoft, worth between $17.4 billion and $19.4 billion, highlighting the company’s rapid growth trajectory. In Q3, Nebius reported a remarkable 355% year-over-year revenue increase, expecting an annualized revenue run rate of $7 billion to $9 billion by the end of 2026.
Despite strong growth, Nebius reported a net loss of $119.6 million in Q3, up from a loss of $43.6 million the previous year. The company is aggressively expanding its capacity, including projects in Finland, the UK, and Israel, while accumulating over $4 billion in debt. To support this expansion, Nebius plans to implement an equity program to sell up to 25 million Class A shares, which is likely to dilute existing shares.
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