Nebius said in its Q3 results release that it signed a five-year AI infrastructure agreement with Meta valued at approximately $3 billion.
In the same release, Nebius reported third-quarter revenue of $146.1 million (up 355% year over year) and a $119.6 million net loss, and disclosed $955.5 million in Q3 purchases of property, plant and equipment as it builds capacity.
In a shareholder letter, Nebius added: “Over the next three months, we plan to deploy the capacity needed to service the agreement,” and said demand was strong enough that “the size of the contract was limited to the amount of capacity that we had available.”
For context, the letter also references Nebius’s $17.4–$19.4 billion Microsoft AI infrastructure contract announced in September and targets $7–$9 billion in annualized run-rate revenue by end-2026 as new power comes online across U.S. and European sites.
Next, Nebius said it plans to file a prospectus supplement on Nov. 12, 2025 to establish an ATM equity program for up to 25 million Class A shares.
