Strong Revenue and Growth
Equinix delivered MRR growth of 8% year-over-year on a normalized and constant currency basis. Record annualized gross bookings reached $394 million, a 25% increase year-over-year and up 14% over Q2.
Profitability and Guidance Raise
Adjusted EBITDA margins remained strong, and AFFO was up 12% year-over-year. As a result, Equinix raised its adjusted EBITDA, AFFO, and AFFO per share guidance for the full year.
Strategic Expansion and Land Acquisitions
Significant land acquisitions in Greater Amsterdam, Chicago, Johannesburg, London, and Toronto to support over 900 megawatts of retail and xScale capacity, with plans to double capacity by 2029.
Customer Momentum and Deals
Closed over 4,400 deals with more than 3,400 customers, including notable names like Hyundai Motor Group, Zetaris, ING, and Nitori.
Interconnection Growth
Added 7,100 net physical and virtual connections in Q3. Interconnection revenue grew 8% year-over-year, fueled by a 57% increase in fabric bookings.