Nebius Group: Q3 Earnings Snapshot

SCHIPHOL, Netherlands (AP) — SCHIPHOL, Netherlands (AP) — Nebius Group N.V. (NBIS) on Thursday reported a loss of $37.5 million in its third quarter.

On a per-share basis, the Schiphol, Netherlands-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, were 30 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share.

The an AI-centric cloud platform posted revenue of $980.8 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $916.8 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBIS at https://www.zacks.com/ap/NBIS