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Nebius Group Sees 355% Sales Surge Amid Major AI Deals

11/12/2025

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Story summary
  • Nebius Group NV reported third-quarter sales of $146 million, up 355%, driven by a $3 billion AI infrastructure deal with Meta Platforms Inc.
  • Nebius, a spin-off from Russian Yandex, forecasts revenue of $7 billion to $9 billion by 2026.
  • Nebius has secured a $17.4 billion contract with Microsoft.
  • Marc Boroditsky, Nebius Chief Revenue Officer, emphasized the need for substantial effort to reach growth targets.