Equinix Reports Higher Earnings, Revenues and Capacity
Equinix, a data center-focused real estate investment trust, has reported significant growth in its earnings, revenues, and capacity.
The company's operating income was $474 million, a 12% increase compared to last year. Additionally, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) exceeded $1.1 billion, a 10% increase year-over-year.
Equinix also reported $2.3 billion in third-quarter revenue, representing a 5% year-over-year increase. Its funds from operations were $965 million, an 11% increase compared to the third quarter of 2024.
The company's developable capacity has grown almost 50% from last quarter, providing a strong foundation for achieving its goal of doubling its capacity by 2029.
Equinix is on track to achieve its capacity goals.
Author's summary: Equinix reports higher earnings and revenues.
- Operating income: $474 million, 12% higher than last year
- Adjusted EBITDA: $1.1 billion, 10% higher than last year
- Revenue: $2.3 billion, 5% higher than last year
- Funds from operations: $965 million, 11% higher than last year