GDS Holdings Limited (GDS) Tops Q1 EPS by 11c, Beats on Revenues

GDS Holdings Limited (NASDAQ: GDS) reported Q1 EPS of ($0.01), $0.11 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $89.6 million versus the consensus estimate of $83.68 million.

First Quarter 2018 Financial Highlights

• Net revenue increased by 83.7% year-over-year (“Y-o-Y”) to RMB562.2 million (US$89.6 million) in the first quarter of 2018 (1Q2017: RMB306.0 million, excluding the one-time termination fee of RMB44.1 million).
• Service revenue increased by 84.1% Y-o-Y to RMB551.5 million (US$87.9 million) in the first quarter of 2018 (1Q2017: RMB299.6 million, excluding the one-time termination fee of RMB44.1 million).
• Net loss was RMB85.9 million (US$13.7 million) in the first quarter of 2018, compared with a net loss of RMB44.3 million in the first quarter of 2017.
• Adjusted EBITDA (non-GAAP) increased by 127.0% Y-o-Y to RMB181.3 million (US$28.9 million) in the first quarter of 2018 (1Q2017: RMB79.9 million, excluding the one-time termination fee of RMB44.1 million). See “Non-GAAP Disclosure” and “Reconciliations of GAAP and non-GAAP results” elsewhere in this earnings release.
• Adjusted EBITDA margin (non-GAAP) increased to 32.2% in the first quarter of 2018 (1Q2017: 26.1%, excluding the one-time termination fee of RMB44.1 million).

For earnings history and earnings-related data on GDS Holdings Limited (GDS) click here.

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