GDS Holdings Limited, a company registered in the Cayman Islands and operating in Hong Kong, announced its unaudited financial results for the third quarter ending September 30, 2024, on November 19, 2024. The company is listed on the nasdaq global market in the usa and the Hong Kong Stock Exchange, with stock codes GDS and 9698, respectively. Net revenue in the third quarter increased by 17.7% year-on-year to RMB 2,965.7 million, with a reduced net loss of RMB 231.1 million. Adjusted EBITDA grew by 15.0% year-on-year to RMB 1,295.7 million. The company's total contracted and pre-contracted area increased by 20.2% year-on-year, while the operational area increased by 16.8%, achieving a contract rate of 92.7% for the operational area. The company confirmed its total revenue guidance...Show More

GDS Holdings Limited, a company registered in the Cayman Islands and operating in Hong Kong, announced its unaudited financial results for the third quarter ending September 30, 2024, on November 19, 2024. The company is listed on the nasdaq global market in the usa and the Hong Kong Stock Exchange, with stock codes GDS and 9698, respectively. Net revenue in the third quarter increased by 17.7% year-on-year to RMB 2,965.7 million, with a reduced net loss of RMB 231.1 million. Adjusted EBITDA grew by 15.0% year-on-year to RMB 1,295.7 million. The company's total contracted and pre-contracted area increased by 20.2% year-on-year, while the operational area increased by 16.8%, achieving a contract rate of 92.7% for the operational area. The company confirmed its total revenue guidance for 2024 to be between RMB 11,340 million and RMB 11,760 million, with adjusted EBITDA remaining unchanged at RMB 4,950 million to RMB 5,150 million. Furthermore, on October 29, 2024, the company announced that its international affiliate GDS International entered into a definitive agreement with institutions for private equity investors to subscribe for the newly issued $1 billion Series B convertible preferred shares of GDSI.