Nebius Sales Soar as Neocloud Provider Inks Deal With Meta
Nebius has emerged as one of the more prominent so-called neocloud providers.
Source: Nebius Group NVNebius Group NV third-quarter sales soared by more than 300% as the Dutch neocloud provider announced an artificial intelligence infrastructure deal with Meta Platforms Inc. and predicted rapid growth through 2026.
Revenue in the quarter rose 355% from a year earlier to $146 million, Nebius said in a statement Tuesday. That compares to an average analyst estimate of $157 million, according to data compiled by Bloomberg.