[Nebius Shares Plunge Over 9% in Pre-Market Trading After 2027 Capital Expenditure Guidance Reaches $45 Billion] BlockBeats reports that on November 12th, AI cloud computing company Nebius released its third-quarter earnings report, showing revenue growth of 571% year-over-year to $981 million, exceeding market expectations by approximately 8%; adjusted EBITDA reached $466 million, also higher than the expected $357 million. However, the company projects full-year 2026 revenue to fall at the lower end of its guidance range of $3 billion to $3.4 billion, lower than the market expectation of approximately $3.37 billion. More significantly, Nebius projects capital expenditures of $40 billion to $45 billion for 2027, while providing a revenue outlook of $12 billion to $13 billion, roughly four times the 2026 figure. The company stated that customer upfront payments and investment-grade contract asset-backed financing are expected to cover 75% to 85% of next year's capital expenditures, with upfront payments projected to increase from approximately $10 billion this year to $17 billion to $20 billion. The company's CEO stated that the total value of new contracts signed since the third quarter has exceeded $12 billion, with Databricks, Datadog, Palantir, and Snowflake all signing multi-year agreements with the company for the first time. Despite significantly exceeding expectations, the full-year revenue guidance fell short of expectations, and the planned $45 billion capital expenditure next year still raises concerns in the market about the expansion and financing pressures of AI infrastructure. [Original Link]