#None #Beijing #VNET Group #EBITDA #Revenue Forecast

VNET Group Increases 2025 Revenue Guidance

In a notable announcement made by VNET Group, Inc., a key player in the internet data center services sector in China, the company has updated its financial guidance for the full year of 2025. VNET, which operates as a carrier- and cloud-neutral provider, announced that it has raised its projections for both total net revenues and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). This adjustment reflects the company's strong operational performance and market expansion in recent months.

Positive Operating Momentum

According to Qiyu Wang, Chief Financial Officer of VNET, the company is experiencing sustained growth driven by robust execution of its strategic initiatives. The first quarter results indicated a trend of accelerated growth, particularly in their wholesale Internet Data Center (IDC) client segment. This has prompted VNET to boost its forecasts for the entire year.

The company's guidance for full-year total net revenues is now expected to range between RMB 9,150 million and RMB 9,350 million for 2025, indicating a year-on-year growth rate of approximately 11% to 13%. Similarly, adjusted EBITDA is also projected to rise significantly, with estimates between RMB 2,760 million and RMB 2,820 million, showcasing a year-over-year growth rate of 14% to 16%.

If the prior year’s disposal gain from the E-JS02 data center is excluded, the growth in adjusted EBITDA could reach as high as 20% on a comparative basis.

Detailed Guidance Breakdown

To provide a clearer picture, here’s the revised financial outlook for VNET:

• - 2024 Actual Results:

- Total Net Revenues: RMB 8,259 million
- Adjusted EBITDA: RMB 2,430 million

• - Updated Guidance for FY 2025:

- Total Net Revenues: RMB 9,150 to 9,350 million
- Year-over-year Growth: 11% - 13%
- Adjusted EBITDA: RMB 2,760 to 2,820 million
- Year-over-year Growth: 14% - 16%

This update from VNET displays not only confidence in the company's operational strategies but also in the broader market demand for data center services amidst growing digitalization trends across various sectors.

About VNET Group Inc.

VNET Group, Inc. specializes in providing a wide range of hosting services, cloud solutions, and business VPN options aimed at increasing the reliability, security, and speed of internet infrastructures for its customers. The company has established a presence in over 30 cities across China, supporting more than 7,000 clients which include government bodies, internet companies, and businesses of all sizes.

This latest financial adjustment reinforces VNET’s strategic commitment to maintaining strong operational efficiency while adapting to dynamic market conditions. As VNET continues to enhance its service offerings and infrastructure, stakeholders and potential investors can look forward to further growth opportunities in the coming quarters.

It is important to note that these projections are forward-looking statements subject to change as the company evaluates ongoing market conditions and operational dynamics. Investors are encouraged to keep abreast of any updates from VNET Group as they continue to navigate through the evolving landscape of internet data center services.