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Stock impact report

GDS Reports Third Quarter 2019 Results

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: GlobeNewswire
SHANGHAI, China, Nov. 14, 2019 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the third quarter ended September 30, 2019. Third Quarter 2019 Financial Highlights Net revenue increased by 39.8% year-over-year (“Y-o-Y”) to RMB1,066.2 million (US$149.2 million) in the third quarter of 2019 (3Q2018: RMB762.8 million).Service revenue increased by 40.7% Y-o-Y to RMB1,058.9 million (US$148.1 million) in the third quarter of 2019 (3Q2018: RMB752.6 million).Net loss was RMB108.6 million (US$15.2 million) in the third quarter of 2019, compared with a net loss of RMB119.4 million in the third quarter of 2018.Adjusted EBITDA (non-GAAP) increased by 60.6% Y-o-Y to RMB483.7 million (US$67.7 million) in the third quarter of 2019 (3Q2018: RMB301.2 million). See “Non-GAAP Disclosure” and “Reconciliations of GAAP and non-GA Show less Read more
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