.August 23, 2024 02:38:25 AM

GDS Holdings Limited (NASDAQ:GDS) is experiencing significant financial growth, with EBITDA expected to increase from 4.7% in the first quarter to 9.2% for the full year. The international segment saw a remarkable revenue surge of over 690% year-over-year in the second quarter of 2024. GDS is actively working on reducing its net debt-to-EBITDA ratio, from 7.7 times to 7.2 times, showcasing a strategic effort to enhance financial stability. These developments highlight GDS’s strong position in the data center industry, with promising growth prospects and a focus on sustainable financial health.