Nebius Shares Drop More Than 20% in U.S. Premarket Trading

Shares of Nebius fell more than 20% in U.S. premarket trading on Nov. 12 after the company reported third-quarter revenue of $981 million, up 571% from a year earlier.

The revenue total covers the third quarter, while the 571% increase compares it with the same quarter a year earlier. Premarket trading takes place before the regular U.S. stock session. Shares were down more than one-fifth before that session, while the company's reported revenue was higher.

Revenue is a quarterly measure, while the share decline reflects premarket trading on Nov. 12. Those measures describe separate parts of the update: the company's business result and the market's move in Nebius shares. The $981 million total and 571% growth rate refer to the third quarter; the share loss exceeded 20% before the regular U.S. session. Year-over-year compares revenue with the same quarter of the prior year. The figures pair third-quarter revenue growth with a premarket share decline.