Equinix reports FY2024 revenue $8.75B (+7% YoY), raises dividend 10% to $4.69

EQUINIX INC

2024-FY EPS reported $8.50 revenue$8,748,000,000

Full-year revenue $8.748B, up 7% as-reported (8% normalized & constant-currency); record gross bookings in Q4 & FY.
Adjusted EBITDA margin 47%, up 160 bps YoY to $4.097B; AFFO per share $35.02, up 9% as-reported.
Net income attributable to common stockholders $815M ($8.50 per share), down 18% YoY due to $314M non-recurring charges.
Quarterly dividend raised 10% to $4.69 per share; 10th consecutive annual increase.
FY2025 guidance: revenue $9.03-9.13B (+3-4% as-reported); adjusted EBITDA margin 49% (up 190 bps).

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