Vnet Group revenue matches forecasts as quarterly EBITDA beats expectations (VNET)

Fiona Craig

Tue, May 26, 2026 astatine 5:38 AM CDT 1 min read

Vnet Group (NASDAQ:VNET) reported first-quarter nett gross of 2.69 cardinal yuan connected Tuesday, representing a 20% summation from a twelvemonth earlier and broadly matching expert expectations of 2.66 cardinal yuan.

EBITDA and gross nett station beardown yearly maturation

Adjusted EBITDA for the 4th roseate 31% year-over-year to 891.5 cardinal yuan, surpassing the expert statement estimation of 881 cardinal yuan.

Adjusted gross nett climbed 25% from the prior-year play to 1.21 cardinal yuan, reflecting continued operational growth.

The institution reported a quarterly nonaccomplishment of 8.16 yuan per American depositary receipt.

Full-year guidance maintained successful enactment with marketplace expectations

Vnet Group reiterated its full-year 2026 gross guidance, forecasting nett gross betwixt 11.5 cardinal yuan and 11.8 cardinal yuan.

The projected scope implies yearly maturation of betwixt 15.6% and 18.6%, with the midpoint broadly accordant with expert estimates of 11.71 cardinal yuan.

The institution besides reaffirmed its 2026 adjusted EBITDA outlook of betwixt 3.55 cardinal yuan and 3.75 cardinal yuan, representing expected maturation of 19.2% to 25.9% compared with 2025.

The midpoint of the EBITDA forecast is aligned with expert expectations of 3.65 cardinal yuan.

Capital spending expected to stay elevated

Vnet Group said it expects full-year superior expenditure to scope betwixt 10 cardinal yuan and 12 cardinal yuan arsenic the institution continues investing successful infrastructure and enlargement initiatives.

VNET Group banal price