Dutch Cloud Provider, Nebius Inks a $3 Billion AI Infrastructure Agreement with Meta

In Focus

• Dutch cloud provider, Nebius has signed a $3 billion deal with Meta
• Nebius will provide computing power to Meta for 5 years
• The cloud computing firm signed a $17.4 billion with Microsoft in September 2025

Dutch cloud computing firm Nebius has signed a $3 billion deal with social media giant, Meta. According to Reuters, the Nebius AI infrastructure agreement will see the Armstadum-based firm provide Meta with high-performance computing power over a five year period.

Meeting the Growing Demand for Computing Power

Nebius’ USD 3 billion deal with Meta points to growing demand for computing power needed to develop and run AI models. It’s the second deal that the company has signed with a hyperscaler after the one it closed with Microsoft valued at $17.4 billion in September 2025. .

The Dutch cloud provider is a neocloud firm, which refers to companies that provide cloud capacity and hardware as services. The company specializes in supplying NVIDIA GPUs and AI cloud services to enable enterprises to build and grow their AI systems.

Nebius said it will deploy the computing capacity Meta needs in the coming three months. According to the cloud service provider, Meta’s investment in AI infrastructure via Nebius was limited to the capacity currently available. The social media giant recently struck a six-year cloud service deal with Google valued at over $10 billion.

Nebius Reported Strong Revenue Growth in Q3

The company announced the Nebius Meta AI cloud deal on November 11, 2025. The company reported that Nebius revenue rose 355 percent in Q3 to reach $146.1 million.

The cloud computing firm estimated that its annualized run-rate would be in the $7 billion to $9 billion range by the end of 2026, compared to about $551 million in ARR reached in September 2025. The company also reported over $100 million in quarterly loss, much higher compared to $39.7 million reported in the same period a year ago.

Nebius along with its larger competitor, CoreWeave have attracted strong demand this year as demand for AI stretches the capacity of leading cloud providers like Amazon and Microsoft. Last month, Microsoft predicted that its data center crunch could persist till June 2026.

Quick Summary of Nebius Q3 Performance:

• Nebius Q3 revenue rose 355%
• Company reporter more than $100 million in Q3 loss
• Capital spending stood at $955.5 million
• The firm estimates $7 to $9 billion annualized run-rate in 2026

Why Did Nebius Spend Nearly $1 Billion on Capital Expenditure?

Nebius stock prices fluctuated in premarket trading on November 11, 2025 after the company reported an increase in capital spending. Its capital spending rose to $955.5 million in the quarter under review, up from $172.1 million the same period last year.

The high spending was driven by heavy expenditure in the purchase of land, power, and GPUs. Nebius stock has been on a strong run throughout the year with market capitalization rising four times to reach a high of $27.61 billion.