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VNET Group, Inc. Sponsored ADR (VNET)
NASDAQ:VNET
Earnings Data
Report Date
May 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.1Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -28.80%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in the wholesale business and strong financial performance, with promising market prospects for 2025. However, there are challenges in cost management and potential supply shortages that need to be addressed.Company Guidance
During the VNET Group Incorporated's fourth quarter and full year 2024 earnings call, the company reported several key metrics and achievements. The wholesale business showed remarkable growth, delivering a significant increase in net revenue and adjusted EBITDA which surpassed previous guidance. Specifically, net revenue rose by 18.3% year-over-year to RMB2.25 billion for the fourth quarter, with wholesale business revenue reaching a record RMB665 million, marking a 125.4% year-over-year growth. Adjusted EBITDA for the quarter increased by 63.8% to RMB721.3 million, with a margin rise to 32.1%. For the full year, net revenue stood at RMB8.26 billion, up 11.4%, and adjusted EBITDA reached RMB2.43 billion, up 19.1%, alongside a net profit of RMB248 million, reversing a net loss in 2023. The company secured substantial orders totaling 252.5 megawatts from various industries and expects 2025 net revenues to be between RMB9.1 billion and RMB9.3 billion, with adjusted EBITDA between RMB2.7 billion and RMB2.76 billion. Capital expenditures for 2025 are projected to reach RMB10 billion to RMB12 billion, a significant increase, with plans to deliver 400 to 450 megawatts of capacity, indicating robust growth expectations driven by continued strong demand in the IDC market, especially from AI developments.Wholesale Business Growth
Wholesale capacity in service increased significantly, rising by 127 megawatts quarter-over-quarter to 486 megawatts. Wholesale capacity utilized reached 353 megawatts, increasing by 73 megawatts quarter-over-quarter. Revenue from the wholesale business reached RMB665 million for the quarter, representing a year-over-year growth rate of 125.4%.
Record Financial Performance
Net revenue increased by 18.3% year-over-year to RMB2.25 billion for the fourth quarter. Adjusted EBITDA for the fourth quarter increased by 63.8% year-over-year to RMB721.3 million. The full year net profit was RMB248 million, marking a turnaround from a net loss in 2023.
Strong Order Wins
Secured a total of 252.5 megawatts in orders from customers across various industries. Notably, a 32 megawatts order from an existing Internet customer, and a 64 megawatts wholesale order from an Internet customer in Hebei Province.
Positive Market Outlook for 2025
Expected total net revenues for 2025 to be between RMB9.1 billion to RMB9.3 billion, representing year-over-year growth of 10% to 13%. Adjusted EBITDA is expected to grow by 15% to 18%.
ESG Recognition
Received a spot in the S&P Global Sustainability Yearbook 2025 with a record score of 70, and received an A rating from MSCI for the third consecutive year.
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VNET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VNET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $11.91 | $11.00 | -7.64% |
| Nov 20, 2024 | $3.76 | $4.33 | +15.16% |
| Aug 27, 2024 | $2.00 | $2.36 | +18.00% |
| May 29, 2024 | $1.82 | $2.09 | +14.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does VNET Group, Inc. Sponsored ADR (VNET) report earnings?
VNET Group, Inc. Sponsored ADR (VNET) is schdueled to report earning on May 27, 2025, TBA Not Confirmed.
What is VNET Group, Inc. Sponsored ADR (VNET) earnings time?
VNET Group, Inc. Sponsored ADR (VNET) earnings time is at May 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VNET EPS forecast?
VNET EPS forecast for the fiscal quarter 2025 (Q1) is -0.03.
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