Key highlights:
- Nebius secures a five-year, $3 billion contract with Meta to supply AI infrastructure, marking its second major hyperscaler deal
- Q3 revenue surges 355% year-over-year to $146.1 million, but losses widen amid aggressive capital spending
- Company announces ATM equity offering to fund further data center expansion
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Amsterdam-based Nebius Group (NBIS) has inked a five-year agreement with Meta Platforms (META) valued at approximately $3 billion. The deal, announced alongside its third-quarter earnings report, underscores the surging demand for high-performance AI infrastructure across the tech sector.
NBIS stock is currently up 4% in pre-market trading, although the stock is still down 18.8% in the past month. This price correction came on the heels of a stellar YTD performance, as NBIS is up 260% since January 1.
Meta deal signals growing AI infrastructure demand
The partnership with Meta marks Nebius’s second major hyperscaler contract this year, following a $19.4 billion deal with Microsoft revealed in September. Under the new agreement, Nebius will deploy computing infrastructure over the next three months to meet Meta’s AI needs. The company noted that demand was so high it had to cap the contract to match its available capacity.
Today, Nebius announced an agreement to deliver AI infrastructure to @Meta, valued at approximately $3 billion over 5 years. 🔥 pic.twitter.com/eT9EFtW1nb
— Nebius (@nebiusai) November 11, 2025
Nebius specializes in providing cloud services equipped with Nvidia GPUs, catering to enterprises seeking to scale their AI capabilities. The firm is part of a growing cohort of so-called “neo-cloud” providers, including CoreWeave and IREN Limited, that have risen to meet Big Tech’s insatiable appetite for AI compute power.
Revenue growth soars, but losses persist
In Q3 2025, Nebius reported a 355% year-over-year revenue increase to $146.1 million, although the figure missed Wall Street expectations of $155 million. The company posted a net loss of approximately $120 million, up from $43.6 million a year earlier, driven by a steep rise in capital expenditures to $955.5 million. These investments are focused on securing GPUs, land, and power to support its rapid expansion.
Despite ongoing losses, Nebius remains optimistic, targeting an annualized run-rate revenue of $7 billion to $9 billion by the end of 2026. As part of its growth strategy, the company announced an at-the-market (ATM) equity offering of up to 25 million Class A shares to fund new data center projects.
Nebius shares initially wavered in premarket trading following the earnings release but climbed over 4% during early Tuesday trading. The stock has surged more than 260% year-to-date, buoyed by the company’s aggressive expansion and high-profile client wins.
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Source:: NBIS Stock Up 4% in Premarket as Nebius Signs $3 Billion AI Infrastructure Deal With Meta