GDS Holdings (09698.HK) announced its business performance for the third quarter ending in September, with total net revenue reaching 2.966 billion Chinese yuan (same below), an increase of 17.7% year-on-year. The attributable net loss to shareholders increased from 0.421 billion yuan in the same period last year to 0.231 billion yuan, with a loss of 14 cents per share.

The company maintains its total revenue guidance for 2024 at 11.34 billion to 11.76 billion yuan; adjusted EBITDA is expected to range between 4.95 billion and 5.15 billion yuan. The capital expenditure guidance has been revised from the original 6.5 billion yuan to 11 billion yuan, reflecting the accelerated pace of business expansion.