VNET Group, Inc. Sponsored ADR ( (VNET) ) has released its Q3 earnings. Here is a breakdown of the information VNET Group, Inc. Sponsored ADR presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
VNET Group, Inc. is a prominent carrier- and cloud-neutral internet data center services provider in China, offering hosting, cloud, and VPN services to enhance internet infrastructure reliability and speed for a diverse clientele across various industries. In its latest earnings report, VNET announced a strong third quarter for 2025, with significant growth in revenues and profitability, driven by its wholesale internet data center (IDC) business. The company reported a 21.7% increase in total net revenues year-over-year, reaching RMB2.58 billion, with wholesale revenues surging by 82.7%. Adjusted EBITDA also saw a notable rise of 27.5% to RMB758.3 million, reflecting improved operational efficiency and strategic execution. Key financial highlights include a substantial increase in wholesale IDC capacity and utilization, with a commitment rate of 94.7% for capacity in service. Retail IDC business also showed steady growth, with utilization rates improving. Despite a net loss attributable to fair value changes in financial instruments, VNET’s operational performance remains robust. Looking ahead, VNET has raised its full-year revenue and adjusted EBITDA guidance, anticipating continued growth driven by AI-driven demand and its dual-core strategy. The company remains focused on consolidating its strengths and capturing growth opportunities to deliver long-term value.