Gds Holdings Limited Stock Price, News & Analysis

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698), a top developer of high-performance data centers in China and Southeast Asia, filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the SEC on April 4, 2023. The report is accessible on the company’s investor relations site and the SEC's website. GDS provides free hard copies of the report upon request. The company operates data centers strategically located in economic hubs, catering to hyperscale cloud service providers, large internet firms, and other corporate clients, while offering co-location and managed cloud services.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698), a top data center operator in China, reported its 2022 financial results, highlighting a 19.3% year-over-year increase in net revenue to RMB9,325.6 million (US$1,352.1 million). The fourth quarter saw a 9.9% revenue growth to RMB2,404.0 million (US$348.6 million) with a net loss of RMB177.9 million (US$25.8 million), improved from RMB312.9 million in 4Q2021. Adjusted EBITDA rose by 14.8% for the year, totaling RMB4,251.4 million (US$616.4 million). Total area in service reached 515,787 sqm, while the commitment rate improved to 95.5%. GDS anticipates 2023 revenues between RMB9,940 million and RMB10,320 million.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) announced that it will release its fourth quarter and full year 2022 unaudited financial results on March 15, 2023. The announcement comes after the Hong Kong market closes and before the U.S. market opens. A conference call for investors will be held on the same day at 8:00 AM U.S. Eastern Time. This call will discuss the earnings with access information provided upon registration. GDS is a prominent developer and operator of high-performance data centers in China, catering to major cloud service providers and large corporations.

GDS Holdings Limited has announced an agreement to sell $580 million in 4.50% convertible senior notes due 2030 to various institutional investors, including a sovereign wealth fund. The notes have an initial conversion price of $24.50 per American Depositary Share (ADS), representing a 16.7% premium. Proceeds will be used for data center development, acquisitions, and working capital. The transaction is expected to close around January 20, 2023. The notes and underlying securities have not been registered under the Securities Act of 1933.

GDS Holdings Limited (NASDAQ: GDS) will report its Q3 2022 unaudited financial results after U.S. market close on November 21, 2022, and before Hong Kong market opens on November 22, 2022. Management will host a conference call at 7:00 PM ET on November 21, 2022. Participants are encouraged to register online 15 minutes prior to the start. GDS is a leading developer and operator of high-performance data centers in China, strategically positioned in key economic hubs to meet growing demand.

GDS Holdings (NASDAQ: GDS) reported its Q2 2022 results, with net revenue up 24.0% YoY to RMB2,310.4 million ($344.9 million) and service revenue rising 23.6% YoY to RMB2,302.7 million ($343.8 million). Despite a net loss of RMB375.3 million ($56.0 million), adjusted EBITDA increased by 18.6% YoY to RMB1,062.2 million ($158.6 million). The company announced plans for a China Data Center Fund with RMB6.7 billion in capital. Total area committed reached 588,054 sqm, a 16.1% YoY increase, while the commitment rate for area in service was 95.9%.

GDS Holdings Limited (NASDAQ: GDS), a top provider of high-performance data centers in China, will release its second quarter 2022 unaudited financial results on August 23, 2022, after Hong Kong market close and before U.S. market open. An earnings call will occur at 8:00 AM ET on the same day, with registration required for participants. GDS operates state-of-the-art facilities catering to major cloud and telecommunications companies, ensuring broad access to telecommunications networks and public clouds, thus addressing growing demand in China’s key economic areas.