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Home/Markets/Nebius reports $980.8 million in third-quarter revenue
VERIFIEDBy Xavier Rivera·Thursday, November 12, 2026 at 1:50 PM AST·1.5 min read

Nebius reports $980.8 million in third-quarter revenue

Nebius reported unaudited third-quarter revenue of $980.8 million, up 571 percent from a year earlier. The company still recorded a net loss from continuing operations of $37.5 million, while adjusted EBITDA was $465.8 million.

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Nebius reports $980.8 million in third-quarter revenue
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TL;DRAI · 60 sec read

Nebius reported unaudited revenue of $980.8 million for the quarter ended September 30, 2026, up 571 percent from $146.1 million a year earlier. Adjusted EBITDA was $465.8 million. The company still recorded a net loss from continuing operations of $37.5 million, smaller than the $119.6 million loss a year earlier. Nine-month revenue was $1,962.1 million. The figures include the AI cloud, Avride, and TripleTen.

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Nebius has reported unaudited third-quarter revenue of $980.8 million for the three months ended September 30, 2026. That is up 571 percent from $146.1 million in the year-earlier quarter.

Adjusted EBITDA was $465.8 million, against an adjusted EBITDA loss of $5.2 million in the year-earlier quarter. The company labels adjusted EBITDA a non-GAAP measure. The same quarter a year earlier was a small adjusted loss, so the release marks the change as not meaningful rather than a percentage.
Adjusted EBITDA was $465.8 million, against an adjusted EBITDA loss of $5.2 million in the year-earlier quarter.

The company still recorded a net loss from continuing operations of $37.5 million. A year earlier that loss was $119.6 million. The release puts the change at 69 percent. On an adjusted basis, which also leaves out items the company sets aside, net income was $90.9 million, against an adjusted net loss of $100.4 million a year earlier.
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Nine-month revenue was $1,962.1 million, up 549 percent from $302.1 million. Net income from continuing operations for those nine months was $393.3 million, up 41 percent from $278.6 million. Adjusted net loss for the nine months was $42.6 million, against an adjusted net loss of $273.7 million a year earlier.
Nine-month revenue was $1,962.1 million, up 549 percent from $302.1 million.
The totals cover more than the cloud unit. The release says the figures include Nebius AI cloud, Avride, and TripleTen. After a third-party investment in Toloka closed in the second quarter of 2025, Nebius no longer holds majority voting power there. Toloka is now an equity-method stake, and its earlier results were moved to discontinued operations.
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Management scheduled a webcast for 8:00 a.m. Eastern, which is 9:00 a.m. AST. Founder and chief executive Arkady Volozh also published a quarterly letter to shareholders. The results are unaudited. Nebius is listed on Nasdaq as NBIS and is based in Amsterdam.
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