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Stock impact report

GDS Holdings Limited Reports Third Quarter 2024 Results [Yahoo! Finance]

GDS Holdings Limited - American Depositary Shares (GDS) 
Last gds holdings limited - american depositary shares earnings: 3/19 08:28 am Check Earnings Report
US:NASDAQ Investor Relations: expworldholdings.com
Company Research Source: Yahoo! Finance
developer and operator of high-performance data centers in China and South East Asia, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenue increased by 17.7% year-over-year (“Y-o-Y”) to RMB2,965.7 million (US$422.6 million) in the third quarter of 2024 (3Q2023: RMB2,519.0 million). Net loss was RMB231.1 million (US$32.9 million) in the third quarter of 2024 (3Q2023: net loss of RMB420.8 million). Adjusted EBITDA (non-GAAP) increased by 15.0% Y-o-Y to RMB1,295.7 million (US$184.6 million) in the third quarter of 2024 (3Q2023: RMB1,126.3 million). See “Non-GAAP Disclosure” and “Reconciliations of GAAP and non-GAAP results” elsewhere in this earnings release. Adjusted EBITDA margin (non-GAAP) was 43.7% in the third quarter of 2024 (3Q2023: 44.7%). Third Quarter 2024 Operating Highlights Total area committed and pre-committed increased by 20.2% Y-o-Y to 785,692 sqm as of September Show less Read more
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