GDS Holdings Reports Growth Amidst Expansion

GDS Holdings (GDS) has released an update.

GDS Holdings Limited, a prominent high-performance data center developer in China and Southeast Asia, reports a 14.3% year-over-year revenue increase to RMB 2.83 billion in Q2 2024, despite a net loss of RMB 231.8 million. The company’s adjusted EBITDA saw a 6.2% increase from the previous year, while international business expansion led to additional revenue and operational growth. GDS’s continued expansion is marked by an 18.8% increase in serviceable area and a strong commitment rate, illustrating its strategic execution and growth in a thriving data center market.

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