VNET Group

VNET

Market cap $2.42B

VNET Group remains a buy as wholesale revenue growth and capacity delivery validate the China-AI infrastructure thesis. VNET's wholesale revenue surged 47.1% y/y in Q4, with mature wholesale utilization at 93.1% and significant pre-committed capacity signaling robust demand. Funding concerns are alleviated by successful ABS and REIT initiatives, enabling capex without shareholder dilution and supporting future growth.

I am sticking to a "Buy" rating for VNET Group, following my assessment of its quarterly disclosures and medium-to-long-term outlook. The negatives pertaining to the 4Q25 earnings release include the non-disclosure of new 2026 orders, a sequential decrease in wholesale utilization, and elevated financial leverage. But VNET's strategic positioning in Ulanqab and exposure to OpenClaw-driven AI demand put it in a good position to grow for the long run.

VNET Group, Inc. (VNET) Q4 2025 Earnings Call Transcript

VNET Group (VNET) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.04. This compares to a loss of $0.01 per share a year ago.

BEIJING, March 16, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. "We closed 2025 with strong full-year results, successfully achieving our 2025 delivery plan with a record 404MW delivered and exceeding guidance on both revenues and adjusted EBITDA," said Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET.

VNET Group (VNET) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

VNET Group (VNET) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

BEIJING, March 4, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited fourth quarter and full year 2025 financial results on Monday, March 16, 2026, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, March 16, 2026, or 8:00 PM Beijing Time on Monday, March 16, 2026.

BEIJING, Feb. 27, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced a private placement of 81.0 million newly issued Class A ordinary shares of the Company ("Placement Shares") to certain institutional investors at an offering price of US$1.7 per Placement Share (or US$10.2 per ADS, each representing six Class A ordinary shares) (the "Private Placement"). The Company expects to close the Private Placement on or about March 3, 2026, subject to customary closing conditions.

BEIJING, Feb. 13, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the appointment of Mr. Peter Zhihua Zhang as Senior Vice President, Operational Finance, effective immediately.