10 Stocks Record Biggest Double-Digit Drop on Friday

8. Nebius Group NV (NASDAQ:NBIS)

Nebius lost 13.87 percent of its value on Friday to end at $39.83 apiece following mixed earnings performance in the fourth quarter last year.

During the quarter, NBIS widened its net loss by 2.5 percent to $87.5 million from $85.3 million year-on-year, while net loss from continuing operations jumped by 55.5 percent to $136.6 million from $88.3 million. Meanwhile, revenues for the period surged by 466 percent to $37.9 million from $6.7 million.

For the full year, adjusted net loss narrowed by 11.8 percent to $282.9 million from $320.9 million in 2023, while net loss from continuing operations grew by 17.9 percent to $396.9 million from $336.6 million. Revenues spiked by 462 percent to $117.5 million from $20.9 million in 2023.