GDS net income more than doubled to RMB 2.65 billion in 1Q FY26; revenue rises 23.6% to RMB 3.37 billion
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GDS Holdings reported a net income of RMB 2.65 billion for 1Q FY26, more than doubling year-over-year, with revenue rising 23.6% to RMB 3.37 billion. Adjusted EBITDA increased 47.2% to RMB 1.95 billion, raising the margin to 57.9%. The company completed a USD 385 million partial sale of shares and maintained its 2026 revenue outlook of RMB 12.4 billion to RMB 12.9 billion.
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