Nebius Group NV (NAS:NBIS)

Q3 2025 Nebius Group NV Earnings Call Transcript

Nov 11, 2025 / 01:00 PM GMT

Release Date Price: $102.22 (-7.03%)

Transcript

Key Points

Positve

Nebius Group NV (NBIS) reported a significant year-over-year revenue growth of 355% in Q3 2025, reaching $146 million.
The company successfully signed a major $3 billion deal with Meta, following a substantial contract with Microsoft valued between $17.4 and $19.4 billion.
Nebius Group NV (NBIS) is expanding its capacity aggressively, with plans to increase contracted power to 2.5 gigawatts by the end of 2026.
The company launched new enterprise-ready cloud platform Ether and inference platform Nebius Talking Factory, enhancing its product offerings.
Nebius Group NV (NBIS) is experiencing strong demand across its AI cloud services, with a robust pipeline of new software and services in development.

Negative

Revenue growth is currently limited by capacity constraints, as the company has sold out all available capacity.
The company is facing challenges in securing power and managing supply chain constraints, which are critical for expanding capacity.
Nebius Group NV (NBIS) plans to raise significant capital through corporate debt, asset-backed financing, and equity, which may lead to shareholder dilution.
The company increased its 2025 CapEx guidance from $2 billion to approximately $5 billion, reflecting higher investment needs.
Despite strong demand, the company remains cautious about potential oversupply in the GPU market and the need to manage financial risks conservatively.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NBIS.OQ - Nebius Group NV
Q3 2025 Nebius Group NV Earnings Call
Nov 11, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you and welcome to Nevius Group's 3rd quarter 2025 earnings conference call. I'm Neil Doshi, Vice President of Investor relations. Joining me today are Arkady Voloj, founder and CEO of, and our broader management team. Our remarks today will include forward-looking statements which are based on assumptions as of today. Actual results may differ materially as a result of various factors, including those set forth in today's earnings press release and in our report on Form 20 filed with the SEC. We undertake no obligation to update any forward-looking statements.

During this call, we will present both GAAP and certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press

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