par Yandex N.V. (NASDAQ:YNDX)
Nebius reports third quarter 2025 financial results
Nebius Group Nebius reports third quarter 2025 financial resultsAmsterdam, November 11, 2025 — Nebius Group N.V. (NASDAQ: NBIS), a leading AI infrastructure company, today announced its unaudited financial results for the third quarter ended September 30, 2025. The Company today also published founder and CEO Arkady Volozh’s quarterly letter to shareholders, available on its investor relations website at https://nebius.com/investor-hub. Nebius today also announced a new agreement to deliver AI infrastructure to Meta valued at approximately $3 billion over 5 years. The Company will be putting in place an at-the-market (ATM) equity program for up to 25 million Class A shares, and plans to file a prospectus supplement for this program on November 12, 2025. Nebius will evaluate the program regularly based on its capital needs. The program enables the Company to access equity funding on an efficient ongoing basis; however, it will remain dilution-sensitive as the Company prepare to finance future growth opportunities. Management will hold an earnings webcast today at 8:00 AM (EDT) / 5:00 AM (PDT) / 2:00 PM (CET). To register, or to listen to the live audio webcast, please visit https://nebius.com/investor-hub. Q3 2025 Financial Highlights Consolidated results (1), (2)
(1) The following measures presented in this release are “non-GAAP financial measures”: Adjusted EBITDA / (loss) and Adjusted net loss. Please see the section “Use of Non-GAAP Financial Measures” below for a discussion of how we define these measures, as well as reconciliations at the end of this release of each of these measures to the most directly comparable U.S. GAAP measures. (2) Results include consolidated financial results of: Nebius, the core AI infrastructure business; Avride, an autonomous vehicle platform; and TripleTen, an edtech service. In Q2 2025, following the completion of the investment transaction in Toloka, an AI development platform, Nebius ceased to hold majority voting power in Toloka and no longer include Toloka’s results in Nebius’s consolidated financial statements and reports its stake as equity method investment. Toloka’s results for prior periods were reclassified to discontinued operations. Operating expenses
Selected consolidated cashflow data
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