Nebius Group reported third-quarter 2026 revenue of $980.8 million on November 12, 2026, up 571% year over year, and said customers had committed more than $12 billion in contract value since the start of Q3. Delays at third-party data centers also pushed some expected revenue into 2027. The accompanying shareholder letter said prepayments on agreements signed in Q3 covered more than 100% of their associated capital expenditure, including data center construction and networking, up from 50%–60%…
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Nebius Deal Prepayments Exceed Capex as Colocation Delays Shift Revenue