GDS Reports Fourth Quarter and Full Year 2019 Results
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GDS Holdings Limited (GDS) Reports Q4 Loss of $0.10
March 19, 2020 8:34 AM EDTGDS Holdings Limited (NASDAQ: GDS) reported Q4 EPS of ($0.10). Revenue for the quarter came in at $169.4 million.
Fourth Quarter 2019 Financial Highlights
Net revenue increased by 42.2% year-over-year (Y-o-Y) to RMB1,179.2 million (US$169.4 million) in the fourth quarter of 2019 (4Q2018: RMB829.5 million).Service revenue increased by 39.9% Y-o-Y to RMB1,159.6 million (US$166.6 million) in the fourth quarter of 2019 (4Q2018: RMB829.1 million).Net loss was RMB103.7 million (US$14.9 million) in the fourth quarter of 2019, compared with a net loss of RMB122.9 million in the fourth quarter of 2018.Adjusted EBITDA (non-GAAP) increased by 59.3% Y-o-Y to... More