GDS Holdings Limited (NASDAQ:GDS) shares fell after the company reported third-quarter 2025 results.

Details

Net revenue increased 10.2% year over year (Y/Y) to 2.89 billion Chinese yuan.

In USD terms, net revenues of $405.6 million beat the consensus of $404.0 million.

The revenue increase was mainly due to the ongoing ramp-up of the data centers.

Adjusted gross profit was 1.47 billion yuan ($206.8 million), an increase of 11.3% Y/Y, and the margin was 51.0%, compared with 50.5% a year ago.

Adjusted EBITDA rose 11.4% Y/Y to 1.34 billion yuan, with margin expanding to 46.5% from 46.0% a year ago.

EPS per ADS ...