Today, Nebius Group announced it signed a $3 billion with Meta to supply the company with AI infrastructure over a five-year period.
The announcement was made as the company reported its Q3 earnings, which experienced a more than fourfold increase.
Arkady Volozh, Nebius Founder and CEO told investors, “Today we are pleased to announce our second large AI infrastructure deal, this time with Meta. Our agreement with Meta is valued at approximately $3 billion, with a five-year term.”
“Over the next three months, we plan to deploy the capacity needed to service the agreement. In fact, demand for this capacity was overwhelming, and the size of the contract was limited to the amount of capacity that we had available. Similar to our Microsoft deal, the economics of this agreement are attractive and will help accelerate the growth of our AI cloud business even further in 2026 and beyond.”
Looking ahead, Volozh said, “This year, we believe that we have successfully laid the foundations for an outstanding 2026 — a year that should firmly position us among the top AI cloud businesses globally. And at the same time, 2026 is still just the beginning.”
The CEO concluded, “We believe that we can achieve annualized run-rate revenue (ARR)1 of $7 billion to $9 billion by the end of 2026.”
Nebius reported its Q3 expenses reached $955.5 million, up from $172.1 million a year earlier, as the company invests heavily in securing GPUs, land, and power.
Following the announcement, the company’s shares dropped 1% in premarket trading.
By CEO NA Editorial Staff
