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VNET Group, Inc. announced unaudited fourth quarter and full year 2025 financial results, with Q4 total net revenues of RMB2.69 billion (US$384.2 million, +19.6% YoY) and FY2025 revenues of RMB9.95 billion (US$1.42 billion, +20.5% YoY), exceeding full-year guidance on revenues and adjusted EBITDA amid strong wholesale growth.
Event Type
Disclosure
Voluntary
Variant
6-K
Current Report on Form 6-K
| Metric | Value | Basis |
|---|---|---|
| Total net revenues (Q4) | $384.20 | GAAP |
| Total net revenues (FY) | $1.4K | GAAP |
| Wholesale revenues (Q4) | $139.90 | GAAP |
| Wholesale revenues (FY) | $494.90 | GAAP |
| Adjusted EBITDA (Q4) | $115.10 | Non-GAAP |
| Adjusted EBITDA (FY) | $425.90 | Non-GAAP |
| Gross profit (Q4) | $77.30 | GAAP |
| Net income attributable to VNET Group, Inc. (Q4) | $43.60 | GAAP |
| Basic earnings per share (Q4) | $0.02 | GAAP |