BUZZ-CoreWeave shares surge as third-quarter revenue exceeds expectations, aiming for profitability by 2028

November 11 - ** CoreWeave (CRWV.O) shares rose 16.5% in pre-market trading

** The company said it expects to achieve adjusted profitability in the first half of 2028 (link)

** Revenue for 2026 is expected to be between $13 billion and $13.3 billion, higher than the previous estimate of $12.4 billion to $13.2 billion

** According to data compiled by London Stock Exchange Group (LSEG), third-quarter revenue surged nearly 170% to $3.66 billion, exceeding the expected $3.55 billion; while the loss per share was $0.95, lower than the previously estimated $1.16

** As of the end of September, the company’s total debt was about $46.9 billion; it expects to raise under $5 billion in additional funds by 2027 through capital increases

** Shares are down about 32% so far this year

(To facilitate readers whose native language is not English, Reuters provides automated translations of its reporting into several other languages. Automated translation may contain errors or miss the intended context, so Reuters does not guarantee the accuracy of the automated translation and provides it solely for readers’ convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation.)