Neocloud Nebius inks USD3b deal with Meta, posts soaring Q3 sales
Make us a preferred source
Make us a preferred source on Google
The news: Nebius Group saw its third-quarter sales surge by over 300% as the Dutch cloud provider announced that it had inked an AI infrastructure deal with Meta alongside Q3 results.
The numbers: Nebius announced that it signed an approximately USD3 billion ($4.6 billion) agreement to deliver AI infrastructure to Meta over the next five years, after reporting strong Q3 revenue.
Nebius’ revenue rose 355% in the quarter from a year earlier to USD146 million and forecast that it will reach annualised run-rate revenue of USD7 billion to USD9 billion by the end of 2026.
The context: Shares in Nebius have risen over 300% this year as the company’s strength as a leading neocloud provider continues to garner attention. The firm inked a USD17.4 billion deal with Microsoft in September.
On the deal with Meta, a letter to shareholders from CEO and co-founder Arkady Volozh said: “Over the next three months, we plan to deploy the capacity needed to service the agreement. In fact, demand for this capacity was overwhelming, and the size of the contract was limited to the amount of capacity that we had available.”
Volozh added that to support Nebius’ “aggressive growth” plans for 2026 and to maintain the pace of growth in 2027, “we will utilize at least three sources of financing: corporate debt, asset-backed financing, and equity. We believe we will be able to secure asset-backed debt on attractive terms, supported by the creditworthiness of our largest customers. We will maintain a disciplined capital structure.”
The sources: Nebius Q3 results, Nebius letter to shareholders
