NASDAQ$NBIS
Nebius Group NV · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Nebius Group N.V. reported its unaudited financial results for the third quarter ended September 30, 2024, showing significant revenue growth driven by its AI infrastructure business.
Nebius Group N.V. announced strong Q3 2024 financial results, with total revenue increasing 1.7 times quarter-over-quarter to USD 43.3 million, primarily due to the rapid growth of its core AI infrastructure business. The company also reported a reduced net loss from continuing operations and a significant increase in cash and cash equivalents.
- Total revenue for Q3 2024 reached USD 43.3 million, a 1.7x increase compared to the previous quarter.
- The core AI infrastructure business grew 2.7 times quarter-over-quarter and 6.5 times year-over-year.
- Cash and cash equivalents stood at USD 2,288.2 million as of September 30, 2024.
- Net loss from continuing operations decreased by 46% year-over-year to USD 51.8 million.
Headline financials
Revenue & EPS history
Nebius Group NV · Revenue · Quarterly
$43.3M
Forward guidance
Nebius Group anticipates accelerating investments in GPU procurement and data center capacity expansion in Q4 2024 to support business growth, with capital expenditures expected to exceed the amount spent in the first nine months of 2024.
Tailwinds
- Accelerated investments in GPU procurement to support growth.
- Data center capacity expansion to meet increasing demand.
- Planned accommodation of up to 60,000 GPUs in Finland, with annual revenue potential of over USD 1 billion at full capacity.
- Introduction of Nebius AI Studio and specialized cloud platforms to capitalize on growth opportunities.
- Strategic partnership with Uber for autonomous delivery robots and vehicles.
Headwinds
- Capital expenditures in Q4 2024 are expected to exceed the amount spent in the first nine months of 2024.
- The company's ability to successfully operate and develop its early-stage group following divestment of historical operations.
- Challenges in successfully obtaining required supplies of hardware on acceptable terms.
- Potential difficulties in obtaining further debt or equity financing necessary to achieve objectives.
- Ongoing risks and uncertainties related to the company's operations and market conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports
+1.1%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+10.9%
Avg return
30 days after
48%
11 / 23 earnings
Positive
+18.6%
Q4 2021
Best reaction
-9.3%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -2.6% | -5.3% | +29.2% | |
| Q1 2026 | -1.7% | +9.0% | +44.6% | |
| Q3 2025 | -7.2% | -24.0% | -14.3% | |
| Q2 2025 | +18.6% | +36.7% | +18.8% | |
| Q1 2025 | +4.2% | +2.7% | +28.6% | |
| Q4 2024 | +1.3% | -5.9% | -30.4% | |
| Q3 2024 | -9.3% | -13.9% | -0.3% | |
| Q2 2024 | — | — | — | |
| Q1 2024 | — | — | — | |
| Q4 2023 | — | — | — | |
| Q3 2023 | — | — | — | |
| Q2 2023 | +0.0% | — | — | |
| Q4 2022 | +0.0% | — | — | |
| Q4 2021 | +18.6% | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q4 2020 | -5.0% | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q4 2019 | -6.6% | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q4 2018 | -4.6% | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q4 2017 | +8.3% | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q4 2016 | +6.6% | — | — | |
| Q2 2016 | — | — | — | |
| Q4 2015 | +5.3% | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q4 2013 | -8.0% | — | — | |
| Q4 2012 | -7.2% | — | — | |
| Q4 2010 | +7.4% | — | — | |
| Q4 2011 | +7.4% | — | — | |
| Q4 2009 | +7.4% | — | — | |
| Q2 2011 | -9.2% | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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