AI infrastructure demand boosts Nebius performance; full capacity sales demonstrate market confidence

Jin10 Data, November 11 — Financial reports show that as the emerging Dutch cloud service provider Nebius announced an artificial intelligence infrastructure agreement with Meta and forecasted rapid growth by 2026, Nebius’s third-quarter sales soared over 300%, reaching $146 million. According to a letter to shareholders from CEO and co-founder Arkady Volozh, the company predicts that by the end of 2026, annualized recurring revenue will reach $7 billion to $9 billion. He announced on Tuesday that Nebius signed a five-year agreement with Meta to provide approximately $3 billion in capacity, marking its second major AI infrastructure deal. Chief Revenue Officer Marc Boroditsky stated in an interview that this outlook is “very strong but not easily achievable,” noting that the forecast is based on transaction flow and expected growth in AI cloud business. Boroditsky said the company sold out all available cloud capacity in the third quarter and is nearly sold out again this quarter.