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, Equinix reported $2.3 billion in third-quarter revenue, which is up 5% year-over-year.
Equinix also delivered over $1.1 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), a 10% increase from the same time last year. The company's funds from operations were $965 million, an 11% increase from the third quarter of 2024.
Equinix's developable capacity has grown almost 50% from last quarter, providing a strong foundation for the company to achieve its goal of doubling its capacity by 2029.
Data center developers and landlords are booked and busy.
Author's summary: Equinix reports significant growth in earnings and capacity.
- Operating income: $474 million (12% increase)
- Revenue: $2.3 billion (5% increase)
- Adjusted EBITDA: over $1.1 billion (10% increase)
- Funds from operations: $965 million (11% increase)
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