Prior view was RMB9.1B-RMB9.3B. It represents year-over-year growth of 11%-13%. Raises FY25 adjusted EBITDA view to RMB2.76B-RMB2.82B from RMB2.7B-RMB2.76B, representing growth of 14%-16%. “We were very pleased to deliver an impressive first quarter results, demonstrating sustained operating and financial momentum underpinned by strong strategic execution,” said Qiyu Wang, Chief Financial Officer of VNET. “Given this robust trajectory fueled by faster-than-anticipated move-ins among wholesale IDC clients and ongoing operational efficiency gains, we are raising our full-year total net revenues and adjusted EBITDA guidance, reflecting our optimism for the remainder of 2025.”
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