Nebius Group revenue surges 571%, but data center delays hinder growth targets
NBIS Nebius Group NV
$128.64 -16.84%
View chart & analysis → - 1Nebius recorded $980.8 million in revenue for the third quarter, a 571% increase.
- 2Delays in securing third-party data center capacity are expected to push Nebius annual revenue toward the lower end of the $3 billion to $3.4 billion guidance range.
- 3Nebius forecasts capital expenditures of $40 billion to $45 billion for next year.
So what's the key point?
Nebius Group's revenue grew significantly by 571%. However, delays in securing data centers have made it difficult to reach this year's revenue targets.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.