Nebius Group reported third-quarter 2026 revenue of $980.8 million, a 571.3% increase from the prior-year period, according to a Seeking Alpha Market News report on the company's earnings release. The figure beat analyst consensus of $907.5 million by about $73.63 million, a beat confirmed separately by CNBC.
Revenue and Per-Share Results
Seeking Alpha reported that Nebius posted a GAAP loss of $0.13 per share, which it characterized as beating estimates by $1.11. CNBC, however, noted it was not immediately clear whether that loss-per-share figure was comparable to the 69-cent loss analysts had expected heading into the report, raising a question about how directly the two numbers can be compared.
Profitability Swing
Nebius Group's own investor filing shows adjusted EBITDA of $465.8 million for the third quarter of 2026, compared with an adjusted EBITDA loss of $5.2 million in the same quarter of 2025, according to the company's Q3 2026 investor presentation. Based on those two reported figures, the year-over-year swing is $471.0 million (calculated as -5.2 minus 465.8, equaling -471.0; our calculation). That is a straightforward arithmetic comparison of the two disclosed figures and should not be read as a forecast of future profitability.
Net income from continuing operations was a loss of $37.5 million for the quarter, versus a loss of $119.6 million in the prior-year quarter, per the same filing. That is a narrowing of the loss by $82.1 million (calculated as 119.6 minus 37.5, equaling 82.1; our calculation), which the filing lists as a 69% year-over-year change on that line.
Capital Raise
CNBC reported that Nebius raised $5.75 billion in debt financing during the quarter through the issuance of convertible notes. Nebius Group's own filing lists proceeds from convertible note issuance of $5,750.0 million for the three-month period, consistent with that figure.
Sector Backdrop
CNBC placed the results in the context of a broader run of neocloud earnings, reporting that Nebius' results followed better-than-expected financials from fellow neoclouds CoreWeave and IREN over the prior week, which boosted those companies' stocks after steep selloffs in recent weeks tied to concerns about the sustainability of the artificial intelligence buildout. CNBC also reported that CoreWeave's bond yields spiked past the 16% mark last week and that CoreWeave told analysts in its own earnings report that it expects to keep parent-level debt financing under $5 billion through 2027. Per CNBC and the company's filing, Nebius management held an earnings webcast and conference call at 8:00 a.m. Eastern Time on November 12, 2026 to discuss the quarter and issue guidance; the guidance itself was not detailed in the earnings release materials cited here.
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- Seeking Alpha Market News: Nebius Group GAAP EPS of -$0.13 beats by $1.11, revenue of $980.8M beats by $73.63M · accessed Nov 12, 2026
- CNBC Top News: Nebius Q3 earnings report 2026 · accessed Nov 12, 2026
- Nebius Group: Nebius-2026-Q3.pdf · accessed Nov 12, 2026
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