Equinix Inc · Q1 2022 earnings

Briefing

Delivered best net bookings performance in company history.

Equinix reported strong Q1 2022 results, with revenues increasing 9% year-over-year to $1.7 billion and achieving its 77th consecutive quarter of revenue growth. The company executed more than 4,200 deals across more than 3,100 customers and continued its global platform expansion with 43 projects underway across 29 metros in 20 countries.

• Quarterly revenues increased 9% over the same quarter last year to $1.7 billion, or 10% on a normalized and constant currency basis, representing the company's 77th consecutive quarter of revenue growth
• More than 4,200 deals executed in the quarter across more than 3,100 customers
• Strong quarter for Equinix Metal® and Network Edge digital services offerings
• Global platform expansion continued with 43 projects underway across 29 metros in 20 countries, including new projects in the Atlanta, Mumbai, Sydney, Tokyo and Washington, D.C. metros

Headline financials

Revenue & EPS history

For the second quarter of 2022, the Company expects revenues to range between $1.809 and $1.829 billion, a 4 - 5% increase over the prior quarter, or 3 - 4% on a normalized and constant currency basis. Adjusted EBITDA is expected to range between $828 and $848 million.