08:15 AM EDT, 05/20/2025 (MT Newswires) -- GDS Holdings ( GDS ) reported Q1 income Tuesday of 0.43 Chinese renminbi ($0.06) per diluted share, swinging from a loss of 0.24 renminbi a year earlier.

Four analysts polled by FactSet expected a loss of 0.07 renminbi.

Net revenue for the quarter ended March 31 was 2.72 billion renminbi, up from 2.43 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 2.70 billion renminbi.

The company said it continues to expect 2025 revenue of 11.29 billion renminbi to 11.59 billion renminbi. Analysts polled by FactSet expect 11.5 billion renminbi.

GDS shares were up 6% in recent premarket activity.