VNET Group (NASDAQ: VNET) shares surged 8.29% in pre-market trading on Thursday following the release of its third-quarter 2025 financial results and an upward revision of its full-year guidance. The company's strong performance and optimistic outlook have boosted investor confidence in the Chinese internet data center services provider.
VNET reported impressive financial results for Q3 2025, with total net revenues increasing by 21.7% year-over-year to RMB2.58 billion (US$362.7 million). This growth was primarily driven by the company's wholesale IDC business, which saw an outstanding 82.7% year-over-year revenue increase. Despite posting a net loss of RMB307.0 million (US$43.1 million), VNET's adjusted EBITDA rose 27.5% to RMB758.3 million (US$106.5 million), with an improved adjusted EBITDA margin of 29.4%.
Investors were particularly encouraged by VNET's raised full-year 2025 guidance. The company now expects total net revenues between RMB9,550 million to RMB9,867 million, representing a year-over-year growth of 16% to 19%. Additionally, VNET anticipates adjusted EBITDA to be in the range of RMB2,910 million to RMB2,945 million, projecting a year-over-year growth of 20% to 21%. The revised guidance and robust order momentum, including new wholesale orders totaling 63MW and a 32MW order from an internet sector customer, suggest continued growth potential, particularly in the AI-driven demand for data center services.
Comments