Yucen Liu's questions to GDS Holdings Ltd (GDS) leadership • Q1 2025
Question
Yucen Liu from Goldman Sachs inquired about the pricing outlook for GDS's China business and asked for the key drivers behind the improvement in DayOne's EBITDA margin.
Answer
CEO William Huang stated that pricing for new business in China is currently very stable across key Tier 1 markets. CFO Dan Newman explained that DayOne's 31% EBITDA margin is remarkable for a new business and is expected to improve significantly as it achieves greater operating leverage on corporate and business development costs while delivering its large backlog.