GDS Holdings Limited ('GDS' or 'the Company') announces unaudited financial results for the three and six months ended June 30, 2024. The Company is listed on the Nasdaq Global Market in the United States under the stock code GDS and on the Stock Exchange of Hong Kong under the stock code 9698. In the second quarter of 2024, GDS's net revenue increased by 14.3% year-on-year to RMB 2,826.4 million (USD 388.9 million), and net loss was RMB 231.8 million (USD 31.9 million). Adjusted EBITDA increased by 6.2% year-on-year to RMB 1,312.2 million (USD 180.6 million). The total contracted and pre-leased area increased by 18.7% year-on-year, and the operational area increased by 18.8% year-on-year. Mr. William Huang, Chairman and CEO of GDS, stated that the...Show More

GDS Holdings Limited ('GDS' or 'the Company') announces unaudited financial results for the three and six months ended June 30, 2024. The Company is listed on the Nasdaq Global Market in the United States under the stock code GDS and on the Stock Exchange of Hong Kong under the stock code 9698. In the second quarter of 2024, GDS's net revenue increased by 14.3% year-on-year to RMB 2,826.4 million (USD 388.9 million), and net loss was RMB 231.8 million (USD 31.9 million). Adjusted EBITDA increased by 6.2% year-on-year to RMB 1,312.2 million (USD 180.6 million). The total contracted and pre-leased area increased by 18.7% year-on-year, and the operational area increased by 18.8% year-on-year. Mr. William Huang, Chairman and CEO of GDS, stated that the Company's total occupancy in China has shown improvement and it has gained new customer orders internationally, strengthening its position in top-tier datacenter hubs globally. Mr. Dan Newman, CFO, pointed out that the Company's revenue and adjusted EBITDA achieved year-on-year growth, remaining consistent with the growth plan and providing long-term value for stakeholders. The Company confirms its unchanged total revenue and adjusted EBITDA guidance for 2024.