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NextDC has reduced its EBITDA forecast for the fiscal year ending June 2027 to between A$245 million and A$265 million, down from a previous target of A$385 million to A$410 million. The Australian data center operator is exploring force majeure legal options due to delays at its major Melbourne facility caused by community opposition, and has paused all new construction projects. The company's shares fell by as much as 45% following the profit warning, amid a broader industry downturn affecting eight data center firms in the past month.
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Key sources
- SOURCE@phithetasigma“revised its earnings before interest, taxes, depreciation, and amortization for the current fiscal year through June 2027 to between A$245 million ($172 million) and A$265 million”x.com
- SOURCE@business“will pause all new development projects and slashes its revenue outlook after public backlash in Melbourne”x.com
- SUPPORT@zerohedge“now 8 in the past month after 2 more today”x.com
- SUPPORT@edzitron“Another force majeure has hit the AI industry”x.com
- SOURCEhuggingnewshuggingnews.com