gds holdings' adjusted EBITDA grew by 15.0% in the third quarter to 1.296 billion yuan.
Grain 11 On the 19th of the month, gds holdings - SW (09698.HK) announced that in the third quarter of 2024, the company's net revenue increased by 17.7% year-on-year to RMB 2965.7 million (422.6 million US dollars). The net loss for the third quarter of 2024 was RMB 231.1 million (32.9 million US dollars) (third quarter of 2023: net loss of RMB 420.8 million). In the third quarter of 2024, adjusted EBITDA (non-GAAP) increased by 15.0% year-on-year to RMB 1295.7 million (184.6
GDS Holdings Shares Are Trading Lower. The Company Reported Q3 Financial Results.
Data Center Operator GDS Holdings Surpasses Q3 Revenue Estimates, But Shares Drop Amid CapEx Revision
In the third quarter, gds holdings (09698.HK) narrowed its net loss to 0.231 billion RMB.
GDS Holdings (09698.HK) announced the business performance for the third quarter ending in September, with total net revenue reaching 2.966 billion RMB, an increase of 17.7% year-on-year. The attributable net loss to shareholders increased from 0.421 billion yuan in the same period last year to 0.231 billion yuan, with a loss per share of 14 cents. The company maintains its total revenue guidance for 2024 between 11.34 billion and 11.76 billion yuan; adjusted EBITDA is expected to be between 4.95 billion and 5.15 billion yuan. The capital expenditure guidance has been revised from the original 6.5 billion yuan to 11 billion yuan, reflecting an acceleration in business expansion.
GDS Holdings Limited (GDS) Q3 2024 Earnings Call Transcript Summary
GDS Narrows Q3 Loss, Revenue Rises