Vnet Group, Inc. (VNET), a Chinese internet service provider, on Tuesday reported a wider net loss in the first quarter of 2026, despite higher revenue mainly from IDC and Wholesale businesses. Further, the firm confirmed fiscal 2026 outlook, expecting higher Adjusted EBITDA and revenues. In the early...
VNET Group, Inc. (VNET) posted a net loss attributable to VNET of RMB 11.9 million, compared with net income of RMB 63.7 million, a year ago, mainly due to the increase in interest expenses and income tax expenses. Loss per share was RMB 0.01 compared to profit of RMB 0.04. Adjusted EBITDA was RMB 732.5...
VNET Group, Inc. (VNET), a carrier- and cloud-neutral internet data center services provider, on Friday announced that its Board has approved a share repurchase program of up to $50 million worth of its American depositary shares, each representing six Class A ordinary shares. The move reflects the...
VNET Group, Inc. (VNET) shares dropped 8.45 percent to $5.39 on Wednesday, down $0.51, after the company reported mixed financial results for the first quarter of 2025. While total net revenues rose 18.3 percent year-over-year to RMB2.25 billion, the company's net loss widened to RMB237.6 million from RMB187.0 million a year ago, largely due to changes in the fair value of financial instruments.
VNET Group Inc. (VNET), a carrier- and cloud-neutral internet data center services provider in China, reported Wednesday wider net loss in its first quarter, despite growth in revenues. The company also maintained its fiscal 2025 outlook, expecting growth in revenues and adjusted EBITDA. In the first...
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.