Nebius Group (NASDAQ: NBIS) announced on Tuesday, November 11, 2025, that it has signed a $3 billion agreement with Meta Platforms to provide AI infrastructure through 2030. The deal marks Nebius’s second major hyperscaler partnership this year, following a $17.4 billion contract with Microsoft in September, which could expand to $19.4 billion by 2031 Blockonomi Yahoo Finance Invezz.
The Meta deal comes amid explosive growth for Nebius, which reported Q3 revenue of $146.1 million, a 355% increase from the same period last year. However, the company missed analyst expectations of $156.5 million and posted a $100.4 million net loss, driven by aggressive capital expenditures totaling $955.5 million, up from $172.1 million in Q3 2024 Blockonomi Yahoo Finance.
Nebius plans to deploy infrastructure for Meta within three months, citing surging demand for AI compute capacity. The company has raised its contracted power guidance to 2.5 gigawatts by end of 2026, up from 1 GW previously, and aims to reach $7–9 billion in annualized revenue by that time Blockonomi Invezz.
Despite the earnings miss, investors responded positively to the Meta deal, with Nebius shares surging on the news. Analysts say the partnership positions Nebius as a rising competitor in the AI cloud space, challenging established players like AWS, Google Cloud, and Microsoft Azure.
Sources:
Blockonomi
Yahoo Finance
Invezz
