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Dec 31, 2024
Equinix Q4 2024 Earnings Report
Key Takeaways
Equinix reported strong revenue growth in Q4 2024, reaching $2.26 billion, a 7% increase YoY. However, the company posted a net loss of $14 million due to $233 million in asset impairment charges and $69 million in restructuring and transaction costs. Adjusted EPS remained strong at $7.92, reflecting solid operational performance.
Equinix
Equinix
Equinix Revenue by Segment
Equinix Revenue by Geographic Location
Revenue by Segment
Colocation Revenue
CapyFin.comInterconnection Revenue
CapyFin.comManaged Infrastructure Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia-Pacific Revenue
CapyFin.com Forward Guidance
Equinix expects revenue growth of 3-4% in 2025 on an as-reported basis, or 7-8% on a normalized basis. Adjusted EBITDA margin is projected to increase to 49%, driven by operating leverage and power pass-through adjustments.
Positive Outlook
- Projected revenue growth of 7-8% on a normalized basis.
- Adjusted EBITDA margin expected to increase by 190 basis points to 49%.
- Strong demand for AI and cloud infrastructure services.
- Expansion of xScale portfolio and new data centers worldwide.
- Consistent dividend growth, with a 10% increase in quarterly payouts.
Challenges Ahead
- Foreign currency fluctuations expected to have a $252M negative impact.
- Expected revenue decline of 1-3% QoQ in Q1 2025 due to seasonality.
- Higher seasonal operating costs projected for Q1 2025.
- Non-recurring revenues expected to decline after strong Q4 activity.
- Significant capital expenditures required for expansion projects.
Revenue & Expenses
Visualization of income flow from segment revenue to net income