On November 11, CoreWeave, Inc. rose 7.74% Overnight, trading at $52.7/share, with Turnover of $69.2 thousand.
The move followed the company’s latest quarterly report, which showed third-quarter revenue of $3.661 billion, up 168% year over year and above market expectations, while net loss per share of $1.27 was narrower than expected. CoreWeave, Inc. also raised its full-year revenue outlook to $13.0 billion to $13.3 billion.
Additional disclosures reinforced the upbeat reaction: adjusted EBITDA margin reached 62%, adjusted operating margin improved to 10%, and backlog stood at $132.5 billion at September 30. Management said capacity is largely sold out through 2027, highlighted stronger pricing into the fourth quarter, and indicated customer prepayments and contracted cash flows support ongoing infrastructure expansion despite continued investor attention on debt and capital spending.
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