VNET Group's stock surged 5.33% during the pre-market session on Monday, following the release of its fourth quarter and full year 2025 financial results.

The company reported strong quarterly performance, with total net revenues increasing 19.6% year-over-year to RMB2.69 billion, driven by a 47.1% surge in its wholesale IDC business. Adjusted EBITDA for the quarter grew 11.6% to RMB805.1 million. For the full year 2025, VNET exceeded its own guidance, with revenues reaching RMB9.95 billion, up 20.5%, and adjusted EBITDA climbing 22.6% to RMB2.98 billion.

Management provided an optimistic outlook for 2026, forecasting total net revenues between RMB11.5 billion and RMB11.8 billion, representing growth of 15.6% to 18.6%. Adjusted EBITDA is expected to range from RMB3,550 million to RMB3,750 million, indicating year-over-year growth of 19.2% to 25.9%. The company cited strong AI-driven demand and robust order momentum as key drivers for future growth.