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GDS posted solid Q4 2024 results with increased revenue and a major net income boost, driven by asset monetization and growth in data center utilization.
Revenue reached $368,620,000, up from $337,672,000 last year.
Net income of $563,292,000, reversing last year's significant net loss.
Adjusted EPS stood at -$0.13 per ADS.
Strong performance supported by a gain of $613,146,000 from subsidiary deconsolidation.
GDS expects 2025 revenues between RMB11.29 billion and RMB11.59 billion, with adjusted EBITDA between RMB5.19 billion and RMB5.39 billion.
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