GDS Holdings Limited (GDS), a developer and operator of high-performance data centers in China, on Wednesday reported a sharp turnaround to profit for the third quarter, primarily helped by a gain related to the deconsolidation of subsidiaries under its C-REIT transaction.
Net income from continuing operations came in at RMB725.98 million or $101.98 million, compared with a loss of RMB153.90 million a year earlier. The company recorded a gain of RMB1.369 billion or $192.35 million from the deconsolidation of subsidiaries during the quarter.
Earnings per share improved to RMB0.40 or $0.06 from a loss of RMB0.14 per share a year ago.
Adjusted EBITDA rose 11.4% to RMB1.342 billion or $188.5 million from RMB1.205 billion.
Revenue increased 10.2% to RMB2.887 billion or $405.6 million, compared with RMB2.619 billion in the year-ago period.
The company reaffirmed its 2025 outlook, including total revenue guidance of RMB11.29 billion - RMB11.59 billion and Adjusted EBITDA guidance of RMB5.19 billion - RMB5.39 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.