"The AI cloud provider reported revenue of $1.365 billion, beating estimates of $1.3 billion and marking a 134% year-over-year increase. Its net loss narrowed to $110 million, or $0.22 per share, better than the anticipated $0.51 loss per share. Adjusted EBITDA came in at $838 million, exceeding the $808 million forecast, while the revenue backlog doubled quarter-over-quarter to $55.6 billion."
"CoreWeave ( NASDAQ:CRWV ) released its third quarter earnings last week, delivering impressive results that topped analyst expectations on both revenue and earnings. Yet it wasn't what happened in the past that shook investors; rather it was what it said was happening in the future. This was not a beat-and-raise quarter , and in fact, management offered up an outlook lower than what it previously forecast."
CoreWeave reported Q3 revenue of $1.365 billion, a 134% year-over-year increase that exceeded estimates, and narrowed its net loss to $110 million ($0.22 per share). Adjusted EBITDA reached $838 million and the revenue backlog doubled quarter-over-quarter to $55.6 billion. The company deployed Nvidia GB300 NVL72 systems, secured a $14 billion multi-year deal with Meta, and expanded its OpenAI commitments to $22 billion. Management lowered full-year 2025 revenue guidance to $5.05–$5.15 billion due to construction delays at an unnamed major data-center partner, extending the contract but shifting revenue timing. Shares fell sharply after the outlook cut.
Read at 24/7 Wall St.
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