Equinix, Inc. ($EQIX) reported its fourth-quarter fiscal 2024 results, revealing an adjusted earnings per share (EPS) of $7.92 and revenue of $2.26 billion, despite a net loss of $14 million attributed to $233 million in asset impairment charges. The company noted record bookings and revenue growth, with CEO Adaire Fox-Martin highlighting that 87% of its under-construction projects are leased or preleased. However, Equinix has guided for a modest revenue growth of 3-4% for 2025. The earnings call indicated a projected $28 million increase in recurring revenues, driven by the integration of artificial intelligence (AI) in business applications, with 50% of top deals in Q4 linked to AI workloads. The company’s EBITDA of $3.4 billion matched its capital expenditures, raising concerns about its economic profitability as it continues to finance interest and dividend payments externally.