Overview
GDS Holdings Q3 revenue rises 10.2% yr/yr to RMB2,887.1 mln
Net income for Q3 reaches RMB728.6 mln, reversing last year's loss
Adjusted EBITDA grows 11.4% yr/yr to RMB1,342.2 mln
Outlook
Company maintains 2025 revenue guidance of RMB11,290 – RMB11,590 mln
GDS Holdings keeps 2025 adjusted EBITDA guidance at RMB5,190 – RMB5,390 mln
Company revises capex guidance to approximately RMB2,700 mln for 2025
Result Drivers
DATA CENTER RAMP-UP - Revenue growth attributed to continued ramp-up of data centers
C-REIT TRANSACTION - Net income increase driven by gain on deconsolidation of subsidiaries from C-REIT transaction
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | RMB 2.89 bln | ||
Q3 Net Income | RMB 728.60 mln | ||
Q3 Adjusted EBITDA | RMB 1.34 bln | ||
Q3 Gross Margin | 22.10% | ||
Q3 Adjusted EBITDA Margin | 46.50% | ||
Q3 Gross Profit | RMB 639.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for GDS Holdings Ltd is $48.00, about 39.5% above its November 18 closing price of $29.02
Press Release: ID:nGNX3KmybL
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)