Here's What Key Metrics Tell Us About Equinix (EQIX) Q4 Earnings

Core Insights - Equinix reported revenue of $2.26 billion for the quarter ended December 2024, reflecting a year-over-year increase of 7.1% [1] - The earnings per share (EPS) for the quarter was$ 7.92, significantly higher than the $2.40 reported in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate by 0.79%, while the EPS also missed the consensus estimate by 2.10% [1] Financial Performance Metrics - Equinix's shares have returned +5.1% over the past month, outperforming the Zacks S&P 500 composite's +4.3% change [3] - The company holds a Zacks Rank 4 (Sell), indicating potential underperformance compared to the broader market in the near term [3] Geographic Revenue Breakdown - EMEA revenue was reported at$ 776 million, slightly below the average estimate of $781.54 million, with a year-over-year change of +3.3% [4] - Americas revenue was$ 999 million, compared to the estimated $1 billion, representing a +7.2% year-over-year change [4] - Asia-Pacific revenue was$ 486 million, below the average estimate of $497.64 million, with a year-over-year increase of +13.7% [4] Capacity and Utilization Metrics - Worldwide Cabinet Equivalent Capacity was reported at 371,400, slightly below the average estimate of 372,450 [4] - The Americas utilization rate was 81%, exceeding the average estimate of 79.9% [4] Revenue Composition - Non-recurring revenues totaled$ 170 million, surpassing the average estimate of $154.68 million, with a year-over-year increase of +26.4% [4] - Recurring revenues were reported at$ 2.09 billion, slightly below the estimated $2.12 billion, with a +5.8% year-over-year change [4] - Managed infrastructure recurring revenues were$ 115 million, below the average estimate of $122.16 million, showing a -0.2% change year-over-year [4] - Colocation recurring revenues were$ 1.55 billion, slightly below the estimated $1.56 billion, with a +5.4% year-over-year change [4]