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CoreWeave Q3 revenue surges 168%, but records $709 million net loss

The Motley Fool +1 · ·by G4L

CRWV
CRWV CoreWeave Inc
$48.73 -0.51%
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  1. 1CoreWeave's Q3 revenue reached $3.66 billion, marking a 168% year-over-year increase.
  2. 2CoreWeave recorded a net loss of $709 million in the third quarter.
  3. 3CoreWeave shares rose 6% in after-hours trading.

So what's the key point?

CoreWeave's revenue grew significantly by 168% compared to last year, but it also saw a loss of $709 million. However, the stock price rose 6% after the market closed.

Source The Motley Fool +1 · View original ↗

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