Equinix sees Q1 revenue $1.965B-$1.995B, consensus $1.91B

Q1 revenue view represents an increase of 5%-7% over the previous quarter, or a normalized and constant currency increase of 5%-6%. This guidance includes power price increases in EMEA, and a negative foreign currency impact of $24M when compared to the average FX rates in Q4 2022. Adjusted EBITDA is expected to range between $891M-$921M, which includes a negative foreign currency impact of $9M when compared to the average FX rates in Q4 2022, a step-down in repairs & maintenance costs incurred in the quarter, although offset in part by increased seasonal salary and benefit costs of $17M attributed to the FICA reset. Adjusted EBITDA includes $6M of integration costs related to acquisitions. Recurring capital expenditures are expected to range between $18M-$28M.