Welcome to our dedicated page for GDS Holdings ADS news (Ticker: GDS), a resource for investors and traders seeking the latest updates and insights on GDS Holdings ADS stock.
GDS Holdings Limited (NASDAQ: GDS) is a premier provider of cutting-edge data center infrastructure and services, strategically positioned in major markets across China. With more than 16 years of impeccable operational history, GDS serves the most demanding customer segments, including top-tier internet companies, a broad ecosystem of financial institutions, large enterprises, and multinational corporations.
GDS started its journey in 2001 as an IT service provider and transitioned into the data center business by launching its first self-developed data center in 2010. Today, the company is recognized for developing and operating data centers that cater to hyperscale cloud service customers, who often reserve large portions or entire data centers under long-term contracts. The company has pursued aggressive capital raising over the past four years to fuel its expansion plans.
GDS's current portfolio includes over 77,000 sqm of critical facilities area in service, with an additional 37,000 sqm under construction. These facilities are known for their high availability, power density, and efficiency. Through its innovative CloudMix™ platform, GDS enhances its customers' ability to access and manage multi-cloud services, providing a seamless, integrated experience.
The company’s data centers are primarily located in and around Tier 1 cities in China, and GDS has also initiated expansion into Southeast Asia. GDS made its debut on the Nasdaq in 2016 and subsequently completed a secondary listing in Hong Kong in 2020, further cementing its status as a global player in the data center market.
Recent Achievements and Projects:
- Second Quarter 2023 Financial Highlights
- Second Quarter 2023 Operating Highlights
- Recent Development
- Conference Call Information
- Third Quarter 2023 Financial Highlights
- Third Quarter 2023 Operating Highlights
- Fourth Quarter 2023 Financial Highlights
- Full Year 2023 Financial Highlights
- First Quarter 2024 Financial Highlights
- First Quarter 2024 Operating Highlights
GDS continues to push the boundaries of technology and service in the data center industry, ensuring high performance, reliability, and innovation in its offerings.
GDS Holdings reported Q3 2024 financial results with net revenue increasing 17.7% Y-o-Y to RMB2,965.7 million. The company reduced its net loss to RMB231.1 million from RMB420.8 million in Q3 2023. Adjusted EBITDA grew 15.0% Y-o-Y to RMB1,295.7 million, with a margin of 43.7%. Operating highlights include a 20.2% Y-o-Y increase in total area committed to 785,692 sqm and area utilized growing 20.9% Y-o-Y to 481,819 sqm. The company secured a US$1 billion equity raise for its international expansion through GDSI.
GDS Holdings, a leading developer and operator of high-performance data centers in China and South East Asia, has announced it will release its third quarter 2024 unaudited financial results on November 19, 2024. The results will be published after the Hong Kong market closes and before the U.S. market opens. The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (9:00 PM Hong Kong Time) on the same day. Participants must register online at least 15 minutes before the call to receive access information.
GDS Holdings announced that its international affiliate, DigitalLand Holdings (GDSI), has secured a US$1.0 billion Series B convertible preferred shares investment, led by Coatue Management with significant participation from The Baupost Group. GDSI's portfolio includes 480 MW of data center capacity in service and under construction, plus 590 MW for future development across Hong Kong, Singapore, Malaysia, Indonesia, and Japan. Post-closing, GDS Holdings will own approximately 37.6% of GDSI's equity interest, valued at about US$1.3 billion. GDS Holdings will no longer consolidate GDSI for accounting purposes or maintain majority board appointment rights.
GDS Holdings, a leading data center operator in China and South East Asia, has released its 2023 ESG report. Key highlights include:
• Achieved 38% renewable energy usage in 2023
• 41 data centers now certified as green
• Reduced carbon intensity to 1,221 tCO2e/mil. USD
• Joined the Science Based Targets initiative (SBTi) to align with global climate goals
GDS aims for carbon neutrality by 2030. CEO William Huang emphasized the company's commitment to becoming a green intelligent infrastructure platform, integrating sustainability into core operations and corporate governance. This strategy is expected to drive long-term growth and industry leadership.
GDS Holdings (NASDAQ: GDS; HKEX: 9698), a leading data center developer in China and South East Asia, reported its Q2 2024 financial results. Net revenue rose by 14.3% Y-o-Y to RMB2,826.4 million (US$388.9 million), driven by ongoing business growth.
Adjusted EBITDA increased by 6.2% Y-o-Y to RMB1,312.2 million (US$180.6 million) with a margin of 46.4%. However, the company reported a net loss of RMB231.8 million (US$31.9 million).
Operationally, the total committed and pre-committed area increased by 18.7% Y-o-Y to 756,992 sqm. International business saw significant growth with a 690.2% increase in net revenue to RMB255.5 million (US$35.2 million).
The commitment rate for the area in service was stable at 92.5%, while the area under construction grew to 226,272 sqm. The company maintains its revenue guidance for 2024 at RMB11,340 – RMB11,760 million.
GDS Holdings (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, has announced it will release its second quarter 2024 unaudited financial results on August 21, 2024. The results will be published after the Hong Kong market closes and before the U.S. market opens. Following the release, the company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Hong Kong Time) on the same day.
Participants are required to register online at least 15 minutes before the call starts to receive access information. A live and archived webcast of the conference call will also be available on the company's investor relations website.
GDS Holdings announced the results of its Annual General Meeting held on June 27, 2024. All resolutions proposed were approved by shareholders.
The resolutions included the re-election of three directors: Mr. Lim Ah Doo, Mr. Chang Sun, and Ms. Judy Qing Ye. Additionally, KPMG Huazhen LLP was confirmed as the independent auditor for the fiscal year ending December 31, 2024.
Shareholders also authorized the Board of Directors to issue equity or equity-linked securities up to 30% of the existing share capital within 12 months from the AGM date. Lastly, directors and officers were authorized to execute necessary actions to implement these resolutions.
GDS Holdings will hold its 2024 Annual General Meeting (AGM) on June 27, 2024, at 4:00 p.m. China Standard Time in Singapore. Shareholders of record as of June 5, 2024, are entitled to vote. Holders of American Depositary Shares (ADSs) must instruct JPMorgan Chase Bank to vote on their behalf. The AGM will address various resolutions requiring shareholder approval, detailed in the notice available on the company’s website and major financial regulatory websites. GDS has also filed its annual report for the fiscal year ending December 31, 2023, accessible on their website and the SEC’s website.
GDS Holdings , a major data center developer in China and SE Asia, reported its Q1 2024 results. Net revenue rose 9.1% YoY to RMB2,627.4 million (US$363.9 million). Net loss was RMB344.9 million (US$47.8 million), down from RMB474.6 million YoY. Adjusted EBITDA grew 4.7% YoY to RMB1,183.4 million (US$163.9 million), with a margin of 45.0%. Operating highlights showed a 5.4% increase in total area committed to 668,012 sqm and a 12.5% increase in area in service to 583,229 sqm. Key developments include an upsized private equity raise to US$672 million for GDSI. The company reaffirmed its 2024 financial guidance.
GDS Holdings will report its first quarter 2024 financial results on May 22, 2024, after the close of the Hong Kong market and before the U.S. market opens. The earnings conference call will be held at 8:00 AM U.S. Eastern Time. Online registration is required to participate in the call.
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