- Equinix press release ( NASDAQ: EQIX ): Q3 FFO of $7.73 beats by $2.70 .
- Revenue of $1.8B (+7.1% Y/Y) misses by $40M .
- Delivered sixth consecutive quarter of record channel bookings, accounting for more than 35% of total bookings and approximately 60% of new logos
- Interconnection revenues continued to outpace colocation revenues in Q3 with total interconnections increasing to more than 443,000.
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2022 Annual Guidance Summary
- Revenues
- $7.240 - $7.260 billion, an increase of 9% over the previous year, or a normalized and constant currency increase of 10 - 11%
- An increase of $15 million compared to prior guidance, offset by a $44 million foreign currency impact compared to prior guidance rates
- Adjusted EBITDA
- $3.352 - $3.372 billion, a 46% adjusted EBITDA margin
- An increase of $46 million compared to prior guidance including integration costs, offset by a $22 million foreign currency impact compared to prior guidance rates
- Assumes $20 million of integration costs
- AFFO and AFFO per Share
- $2.676 - $2.696 billion, an increase of 9 - 10% over the previous year, or a normalized and constant currency increase of 10 - 11%
- Revenues
For further details see:
Equinix FFO of $7.73 beats by $2.70, revenue of $1.8B misses by $40M