China's GDS Holdings Q3 revenue rises on data center ramp-up

Reuters11-19

China's GDS Holdings Q3 revenue rises on data center ramp-up

Overview

GDS Holdings Q3 revenue rises 10.2% yr/yr to RMB2,887.1 mln
Net income for Q3 reaches RMB728.6 mln, reversing last year's loss
Adjusted EBITDA grows 11.4% yr/yr to RMB1,342.2 mln

Outlook

Company maintains 2025 revenue guidance of RMB11,290 – RMB11,590 mln
GDS Holdings keeps 2025 adjusted EBITDA guidance at RMB5,190 – RMB5,390 mln
Company revises capex guidance to approximately RMB2,700 mln for 2025

Result Drivers

DATA CENTER RAMP-UP - Revenue growth attributed to continued ramp-up of data centers
C-REIT TRANSACTION - Net income increase driven by gain on deconsolidation of subsidiaries from C-REIT transaction

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		RMB 2.89 bln
Q3 Net Income		RMB 728.60 mln
Q3 Adjusted EBITDA		RMB 1.34 bln
Q3 Gross Margin		22.10%
Q3 Adjusted EBITDA Margin		46.50%
Q3 Gross Profit		RMB 639.20 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for GDS Holdings Ltd is $48.00, about 39.5% above its November 18 closing price of $29.02

Press Release: ID:nGNX3KmybL

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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consulting peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for GDS Holdings Ltd is $48.00, about 39.5% above its November 18 closing price of $29.02</p></li></ul><p>Press Release: <span>ID:nGNX3KmybL</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1585","symbol_name":"昨日强势股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251119:nL1N3WV0E2:1","article_id":"2584439619","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584439619","pubTimestamp":1763552582,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China's GDS Holdings Q3 revenue rises on data center ramp-upOverviewGDS Holdings Q3 revenue rises 10.2% yr/yr to RMB2,887.1 mlnNet income for Q3 reaches RMB728.6 mln, reversing last year's lossAdjuste","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1585":"昨日强势股","BK1575":"同股不同权","BK1613":"DeepSeek概念股","BK1607":"新IT概念","BK1588":"回港中概股","BK1134":"互联网服务与基础架构","09698":"万国数据-SW"},"translate_title":"中国万国数据控股第三季度收入因数据中心建设而增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09698":0.9},"content_text":"China's GDS Holdings Q3 revenue rises on data center ramp-upOverviewGDS Holdings Q3 revenue rises 10.2% yr/yr to RMB2,887.1 mlnNet income for Q3 reaches RMB728.6 mln, reversing last year's lossAdjusted EBITDA grows 11.4% yr/yr to RMB1,342.2 mlnOutlookCompany maintains 2025 revenue guidance of RMB11,290 – RMB11,590 mlnGDS Holdings keeps 2025 adjusted EBITDA guidance at RMB5,190 – RMB5,390 mlnCompany revises capex guidance to approximately RMB2,700 mln for 2025Result DriversDATA CENTER RAMP-UP - Revenue growth attributed to continued ramp-up of data centersC-REIT TRANSACTION - Net income increase driven by gain on deconsolidation of subsidiaries from C-REIT transactionKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueRMB 2.89 blnQ3 Net IncomeRMB 728.60 mlnQ3 Adjusted EBITDARMB 1.34 blnQ3 Gross Margin22.10%Q3 Adjusted EBITDA Margin46.50%Q3 Gross ProfitRMB 639.20 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 19 \"strong buy\" or \"buy\", no \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the it services & consulting peer group is \"buy\"Wall Street's median 12-month price target for GDS Holdings Ltd is $48.00, about 39.5% above its November 18 closing price of $29.02Press Release: ID:nGNX3KmybLFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2584439619","isCrawlerRequest":true}