Nebius reports third quarter 2026 financial results

What happened

Nebius Group announced unaudited financial results for the three and nine months ended September 30, 2026, and published its chief executive’s quarterly letter to shareholders. Third-quarter revenue increased 571% from a year earlier, while adjusted EBITDA was positive and the company reported a net loss from continuing operations.

Confirmed

Global impact / market context

The results show rapid revenue growth alongside positive adjusted EBITDA, a measure of operating performance before certain costs, but the company still reported a net loss from continuing operations. Investors may weigh whether revenue growth can support sustained profits and the spending needed to serve customers.

Analyst inference

The supplied results give year-over-year comparisons but no guidance, cash-flow figures, or explanation of what drove revenue growth. That limits conclusions about how much growth is repeatable, whether capital spending is rising, and how quickly the reported net loss could narrow.

Analyst inference

What to watch

1. Nebius said management would hold an earnings webcast at 8:00 a.m. Eastern Time; listen for explanations of revenue growth and the continuing-operations net loss. Confirmed
2. The release identifies adjusted EBITDA and adjusted net income as non-GAAP measures, meaning they are not standard accounting measures; review their definitions and reconciliations before comparing results. Confirmed
3. Future results could clarify whether revenue growth is accompanied by improving reported profit and enough cash to fund operations; the supplied figures do not establish either trend. Analyst inference

Evidence

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