GDS Holdings Limited (GDS) Misses Q4 EPS by 10c

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GDS Holdings Limited Reports Fourth Quarter and Full Year 2020 Results

March 10, 2021 4:45 PM EST

SHANGHAI, China, March 10, 2021 (GLOBE NEWSWIRE) -- GDS Holdings Limited (GDS Holdings, GDS or the Company) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter 2020 Financial Highlights

Net revenue increased by 38.4% year-over-year (Y-o-Y) to RMB1,631.6 million (US$250.1 million) in the fourth quarter of 2020 (4Q2019: RMB1,179.2 million).Service revenue increased by 40.3% Y-o-Y to RMB1,627.5 million (US$249.4... More