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Nebius falls 2.7% premarket after trimming revenue outlook and raising capex

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Image: Revista ADVFN

Nebius Group (NASDAQ:NBIS) shares fell 2.7% in Friday premarket trading after the company reported third-quarter results on November 12. It posted revenue of $980.8 million, up 571% year over year, but said full-year 2026 revenue would land near the low end of its $3.0 billion to $3.4 billion forecast due to delays in third-party data center capacity. It also raised its 2026 capital expenditure forecast to about $27 billion.

In 40 seconds

  • Nebius reported third-quarter revenue of $980.8 million, up 571% from the same period a year earlier.
  • The company expects 2026 revenue near the low end of its $3.0 billion to $3.4 billion range due to delays in third-party data center capacity.
  • It raised its 2026 capex forecast to about $27 billion and gave preliminary expectations of $40 billion to $45 billion for 2027.
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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