Nebius’s 355% Revenue Hike Misses Forecasts. This AI Deal Isn’t Enough to Lift the Stock.

Nebius has become the latest artificial-intelligence infrastructure player to land a deal with a Mag 7 technology giant. The Amsterdam-based company said Monday that it had signed a five-year agreement to deliver AI infrastructure to Meta Platforms, valued at roughly $3 billion. While the company reported revenue of $146.1 million, a 355% increase from the prior year, this missed the $155.1 million consensus estimate among analysts polled by FactSet.