Nov. 20 at 12:57 PM
$VNET
The third quarter of 2025 saw VNET Group report total net revenues of
$362.7 million, an increase of 21.7% year-over-year.
Adjusted EBITDA also increased by 27.5% year-over-year. The growth in revenue was primarily driven by the wholesale internet data center business.
VNET has updated its full-year 2025 guidance, anticipating total net revenues between RMB9.55 billion and RMB9.87 billion, and adjusted EBITDA between RMB2.91 billion and RMB2.95 billion.