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The net loss narrowed to $37.5 million. An unclear earnings-per-share comparison limits how much investors can infer from the headline results.
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Nebius's quarterly results show rapid growth alongside continued losses: revenue came in $73.3 million above LSEG consensus, while the net loss narrowed year over year to $37.5 million. The $5.75 billion raised in debt during the quarter is a financing figure, not revenue or profit improvement. Shares fell after the November 12 release, leaving management's scheduled 8 a.m. Eastern call and guidance as the next evidence investors could use to assess the company's growth and financing plans.
Third-quarter revenue was $980.8 million, about 8.1% above LSEG's $907.5 million consensus estimate.
Nebius's net loss fell from $119.6 million a year earlier to $37.5 million, but the company remained loss-making.
The reported 13-cent loss per share versus analysts' expected 69-cent loss may not be comparable, CNBC cautioned.
Nebius delivered more quarterly revenue than Wall Street expected, but its shares fell after the earnings report on November 12. The company posted $980.8 million in third-quarter revenue, up 571% from a year earlier, while narrowing its net loss to $37.5 million. The stronger sales result did not translate into a positive stock-market response.
The LSEG analyst consensus called for $907.5 million in revenue. Nebius exceeded that estimate by $73.3 million, or about 8.1%. That comparison measures how the quarter performed against analysts’ expectations, distinct from the much larger year-over-year increase the company reported.
The bottom line also improved. Nebius reduced its net loss by $82.1 million from the year-earlier quarter, a decline of roughly 69%. It nevertheless remained loss-making: the revenue beat and rapid growth did not amount to a net profit.
Nebius reported a loss of 13 cents per share, versus a loss of 50 cents a year earlier. Analysts had expected a 69-cent loss, but CNBC said it was not immediately clear whether that forecast was comparable to the reported figure.
That distinction prevents treating the gap as a confirmed earnings-per-share beat. Revenue offers the clearer comparison with consensus; the net-loss figures show improvement against the previous year. Those are separate measures of the quarter, rather than interchangeable evidence of an earnings beat.
The quarterly update also included a substantial financing figure: Nebius said it raised $5.75 billion in debt during the period. That amount describes borrowing secured during the quarter, not revenue earned or a reduction in the company’s reported net loss.
Management was scheduled to discuss the results and issue guidance on a conference call beginning at 8 a.m. Eastern on November 12. That outlook was the next scheduled part of the earnings update, following the release of the quarterly figures.
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