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GDS (GDS) Revenue & Revenue Breakdown

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GDS Revenue Highlights

Latest Revenue (Y)

$9.96B

Latest Revenue (Q)

$2.63B

Main Segment (Y)

Service revenue

GDS Revenue by Period

GDS Revenue by Year

DateRevenueChange
2023-12-31$9.96B6.76%
2022-12-31$9.33B19.27%
2021-12-31$7.82B36.24%
2020-12-31$5.74B39.21%
2019-12-31$4.12B47.65%
2018-12-31$2.79B72.76%
2017-12-31$1.62B53.05%
2016-12-31$1.06B50.07%
2015-12-31$703.64M50.24%
2014-12-31$468.34M-

GDS generated $9.96B in revenue during NA 2023, up 6.76% compared to the previous quarter, and up 356.60% compared to the same period a year ago.

GDS Revenue by Quarter

DateRevenueChange
2024-03-31$2.63B2.77%
2023-12-31$2.56B1.49%
2023-09-30$2.52B1.90%
2023-06-30$2.47B2.62%
2023-03-31$2.41B0.20%
2022-12-31$2.40B1.54%
2022-09-30$2.37B2.48%
2022-06-30$2.31B2.98%
2022-03-31$2.24B2.57%
2021-12-31$2.19B6.11%
2021-09-30$2.06B10.60%
2021-06-30$1.86B9.26%
2021-03-31$1.71B4.56%
2020-12-31$1.63B7.01%
2020-09-30$1.52B13.60%
2020-06-30$1.34B8.21%
2020-03-31$1.24B5.19%
2019-12-31$1.18B10.60%
2019-09-30$1.07B8.22%
2019-06-30$985.19M10.47%
2019-03-31$891.84M7.51%
2018-12-31$829.52M8.74%
2018-09-30$762.82M19.66%
2018-06-30$637.51M13.39%
2018-03-31$562.23M11.23%
2017-12-31$505.48M19.09%
2017-09-30$424.43M26.24%
2017-06-30$336.21M-3.95%
2017-03-31$350.04M12.31%
2016-12-31$311.67M4.88%
2016-09-30$297.16M25.89%
2016-06-30$236.04M11.81%
2016-03-31$211.10M0.96%
2015-12-31$209.09M10.19%
2015-09-30$189.75M-

GDS generated $2.63B in revenue during Q1 2024, up 2.77% compared to the previous quarter, and up 109.29% compared to the same period a year ago.

GDS Revenue Breakdown

GDS Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Managed service and others$1.29B$1.37B$1.30B--
Colocation services$8.67B$7.94B$6.51B--
Service revenue$9.96B$9.32B$7.81B--
Equipment sales$564.00K$7.74M$4.28M--
Equipment Sales---$22.10M$27.83M
Service---$5.72B$4.09B
Colocation Services---$4.71B$3.26B
Managed Service And Others---$1.01B$832.83M

GDS's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service revenue (50.00%), Colocation services (43.54%), Managed service and others (6.46%), and Equipment sales (0.00%).

Quarterly Revenue by Product

Product/ServiceJun 20Dec 19
Colocation Services$2.07B$895.51M
Service$2.57B$1.16B
Managed Service And Others$497.68M$264.10M
It Equipment Sales$15.56M-
Equipment Sales-$19.58M

GDS's latest quarterly revenue breakdown by segment (product or service), as of Jun 20: Service (49.85%), Colocation Services (40.18%), Managed Service And Others (9.66%), and It Equipment Sales (0.30%).

GDS Revenue Breakdown by Country

Quarterly Revenue by Country

CountryJun 20Dec 19
It Equipment Sales$15.56M-
Colocation Services$2.07B$895.51M
Service$2.57B$1.16B
Managed Service And Others$497.68M$264.10M
Equipment Sales-$19.58M

GDS's latest quarterly revenue breakdown by geography, as of Jun 20: Service (49.85%), Colocation Services (40.18%), Managed Service And Others (9.66%), and It Equipment Sales (0.30%).

GDS Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
GDSGDS$9.96B$2.63B
CACICACI$7.66B$2.06B
VNETVNET Group$7.41B$1.90B
ITGartner$5.91B$1.48B
GGenpact$4.48B$1.21B
ASGNASGN$4.45B$1.03B
CLVTClarivate$2.63B$622.20M
TTECTTEC$2.46B$529.43M
EXLSExlService$1.63B$472.07M
WNSWNS$1.32B$322.60M
TWKSThoughtworks$1.13B$251.67M
TASKTaskUs$924.37M-

GDS Revenue FAQ

What is GDS’s yearly revenue?

GDS's yearly revenue for 2023 was $9.96B, representing an increase of 6.76% compared to 2022. The company's yearly revenue for 2022 was $9.33B, representing an increase of 19.27% compared to 2021. GDS's yearly revenue for 2021 was $7.82B, representing an increase of 36.24% compared to 2020.

What is GDS’s quarterly revenue?

GDS's quarterly revenue for Q1 2024 was $2.63B, a 2.77% increase from the previous quarter (Q4 2023), and a 9.07% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $2.56B, a 1.49% increase from the previous quarter (Q3 2023), and a 6.34% increase year-over-year (Q4 2022). GDS's quarterly revenue for Q3 2023 was $2.52B, a 1.90% increase from the previous quarter (Q2 2023), and a 6.40% increase year-over-year (Q3 2022).

What is GDS’s revenue growth rate?

GDS's revenue growth rate for the last 3 years (2021-2023) was 27.34%, and for the last 5 years (2019-2023) was 141.52%.

What are GDS’s revenue streams?

GDS's revenue streams in c 23 are Managed service and others, Colocation services, Service revenue, and Equipment sales. Managed service and others generated $1.29B in revenue, accounting 6.46% of the company's total revenue, down -6.43% year-over-year. Colocation services generated $8.67B in revenue, accounting 43.54% of the company's total revenue, up 9.14% year-over-year. Service revenue generated $9.96B in revenue, accounting 50.00% of the company's total revenue, up 6.85% year-over-year. Equipment sales generated $564K in revenue, accounting 0.00% of the company's total revenue, down -92.71% year-over-year.

What is GDS’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of GDS was Service revenue. This segment made a revenue of $9.96B, representing 50.00% of the company's total revenue.