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.