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.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.