Nebius Group Stock Dips Despite Record Earnings and Meta AI Deal
Nebius Group N.V. (NBIS) shares fell 5.35% to $104.07 following its Q3 2025 earnings report, despite announcing a $3 billion AI infrastructure deal with Meta. The company posted a 355% year-over-year revenue surge to $146.1 million, driven by strong demand for its AI services, but net losses widened to $119.6 million due to aggressive expansion costs.
The market's negative reaction contrasts with fundamental growth indicators. Nebius is doubling down on AI investments, including a 25 million share ATM equity offering to fund infrastructure expansion. While EBITDA losses improved by 89%, operating expenses continue to weigh on profitability during this high-growth phase.