May 20, 10:23 AM

UBS Favors GDS on AI-Driven Recovery as Bilibili, Qifu Technology Report Strong Q1 Earnings with GDS $145M ABS Gain

Chinese technology and data center stocks showed positive momentum in the first quarter of 2025, driven by strong earnings and sector-specific developments. UBS highlighted an AI-driven recovery in China data center stocks, favoring GDS Holdings. GDS Holdings reported first-quarter adjusted earnings per share (EPS) of $0.48 per American Depositary Share (ADS) and revenue of $375.3 million, marking a 12% year-over-year increase. The company’s profitability was supported by a $145 million one-time gain from an asset-backed securities (ABS) deal and a 49% adjusted EBITDA margin. Meanwhile, Bilibili Inc., a Chinese video-sharing platform, posted better-than-expected results with revenue rising 24% year-over-year to $965.1 million and an adjusted EPS of $0.12, exceeding analyst estimates of $0.07. Bilibili’s adjusted net profit reached 361.5 million yuan (approximately $49.8 million), a turnaround from a net loss of 455.9 million yuan in the same period last year. The company’s advertising revenue increased by 20% to $275.3 million, and mobile games revenue surged 76% to $238.6 million. User engagement also improved, with average daily active users growing 4.2% to 106.7 million. Additionally, Qifu Technology reported a strong start to 2025 with adjusted EPS of $1.86 and revenue of $646.4 million, supported by resilient user activity, record ABS issuance, and increased API channel contribution despite macroeconomic challenges.

#UBS #China #GDS Holdings #American Depositary Share #Chinese #Bilibili #Qifu Technology

Written with ChatGPT (GPT-4).

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UBS Favors GDS on AI-Driven Recovery as Bilibili, Qifu Technology Report Strong Q1 Earnings with GDS $145M ABS Gain

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