NEBIUS (NASDAQ: NBIS) saw its shares drop sharply by 7% during intraday trading on Wednesday, following the company's disappointing third-quarter financial results.
The AI cloud provider reported Q3 revenue of $146.1 million, falling short of Wall Street's $153.7 million estimate. Additionally, NEBIUS issued a full-year revenue guidance range of $500 million to $550 million, below the analyst consensus of $578 million. This financial underperformance overshadowed positive developments, including the release of Nebius AI Cloud 3.1 and expanded partnerships with NVIDIA.
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