股价仍大跌逾7%！neocloud服务商Nebius季报亏损超预期，虽宣布与Meta合作

Core Viewpoints - Nebius announced a significant AI collaboration agreement with Meta valued at approximately $3 billion, despite reporting a net loss of about $120 million in Q3, exceeding market expectations of $97 million [1][3][6] - The company's stock price fell over 7% following the earnings report due to underperformance against analyst expectations [4][7] Financial Performance - In Q3, Nebius recorded a net loss of nearly $120 million, a substantial increase from a loss of $43.6 million in the same period last year, and higher than the predicted loss of $97 million [4][6] - Revenue, excluding the divested AI data company Toloka, grew by 355% year-over-year to $146.1 million, but fell short of the analyst expectation of $155 million due to an accounting change [4][6] Business Developments - Alongside the earnings report, Nebius announced plans to issue 25 million Class A shares to raise funds for data center expansion [7] - The company has also signed a partnership with Microsoft worth up to $19 billion, indicating strong demand for AI infrastructure [6][7] Market Context - Nebius operates in a rapidly growing sector, renting NVIDIA AI chip servers to AI model builders and application developers, but faces challenges such as customer concentration and high debt levels [7] - The stock price of Nebius had surged 264% in 2025 prior to the earnings report, leading to heightened market expectations that could result in significant volatility with any performance shortcomings [7]