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VNET Group, Inc. Sponsored ADR ( (VNET) ) has provided an update.
On March 16, 2026, VNET reported unaudited results for the fourth quarter and full year ended December 31, 2025, showing strong top-line growth powered by wholesale internet data center demand. Total net revenues rose 19.6% year-on-year in the quarter to RMB2.69 billion, while adjusted EBITDA climbed 11.6% to RMB805.1 million, with wholesale IDC revenues up 47.1% as the group delivered a record 404MW of capacity in 2025.
For 2025 as a whole, VNET’s net revenues increased 20.5% to RMB9.95 billion and adjusted EBITDA advanced 22.6% to RMB2.98 billion, both above its full-year guidance. The group sharply expanded wholesale capacity in service to 889MW and built a committed order book of 848MW, underscoring its strengthening position in China’s AI-driven data center market and its emphasis on disciplined capital allocation and capital recycling to support sustainable growth.
The most recent analyst rating on (VNET) stock is a Buy with a $12.50 price target. To see the full list of analyst forecasts on VNET Group, Inc. Sponsored ADR stock, see the VNET Stock Forecast page.
Spark’s Take on VNET Stock
According to Spark, TipRanks’ AI Analyst, VNET is a Neutral.
The score is primarily held back by weaker financial durability (losses, high leverage, and negative free cash flow). This is partly offset by a constructive earnings call with raised guidance and strong wholesale IDC-driven growth, while technicals are neutral and valuation remains challenged due to ongoing losses and no dividend support.
To see Spark’s full report on VNET stock, click here.
More about VNET Group, Inc. Sponsored ADR
VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China, operating wholesale and retail IDC facilities alongside cloud and VPN services. The company focuses on scalable, high-performance data centers and is increasingly targeting AI-driven demand with its Hyperscale 2.0 framework and large-scale capacity expansion across key markets.
Average Trading Volume: 6,319,142
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.83B
For detailed information about VNET stock, go to TipRanks’ Stock Analysis page.