Equinix FFO of $9.83 beats by $2.84, revenue of $2.32B misses by $10M

* Equinix press release [https://seekingalpha.com/pr/20285169-equinix-reports-strong-third-quarter-2025-results] (EQIX [https://seekingalpha.com/symbol/EQIX]): Q3 FFO of $9.83 beats by $2.84.
* Revenue of $2.32B (+5.5% Y/Y) misses by $10M.
* Shares -0.04%.
*
Business Outlook

Click to enlarge

2025 Guidance

(in millions, except per share data)

Prior

Revised

Revenues

$9,233 - 9,333

+$0

-$15

$9,208 - 9,328

$2,411 - 2,531

Adjusted EBITDA

$4,517 - 4,597

+$21

-$7

$4,531 - 4,611

$1,187 - 1,267

Adjusted EBITDA Margin %

~49%

~49%

49 - 50%

AFFO

$3,703 - 3,783

+$31

-$3

$3,731 - 3,811

AFFO per Share (Diluted)

$37.67 - 38.48

+$0.32

-$0.03

$37.95 - 38.77

Non-recurring Capital Expenditures

(Includes xScale)

$3,520 - 4,000

+$3

-$9

$3,514 - 3,994

Recurring Capital Expenditures

$272 - 292

+$7

-$1

$278 - 298

$134 - 154

% of Revenues

~3%

~3%

6 %

Expected Cash Dividends

~$1,836

-

-

~$1,836

Click to enlarge
* FY FFO consensus is $28.01
* FY Revenue consensus is $9.26B

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