How stable is EQIX's earnings growth trend?

Equinix's (EQIX) earnings growth trend appears to be unstable as evidenced by the significant decline in net income and the negative year-over-year growth rate reported for Q4 2024. The company reported a net loss of $14 million in Q4 2024, which is a stark contrast to the $227 million profit reported in the same period last year. This decline is largely due to $233 million in impairment charges that drove operating expenses up 9% to $962 million. Additionally, the net income growth rate for Q4 2024 is -106.17%, indicating a substantial deterioration in earnings performance. While the revenue growth rate of 7.16% suggests a stable increase in top-line performance, the negative earnings growth rate raises concerns about the company's profitability and the sustainability of its revenue growth. |code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|market_code| |---|---|---|---|---|---|---| |EQIX|EQIX.O|Equinix|2024 Q1|-10.81081081081081|6.456456456456457|185| |EQIX|EQIX.O|Equinix|2024 Q2|45.410628019323674|6.934125804853888|185| |EQIX|EQIX.O|Equinix|2024 Q3|7.246376811594203|6.792819019893255|185| |EQIX|EQIX.O|Equinix|2024 Q4|-106.16740088105728|7.156398104265403|185|