Vnet Group (VNET) reported a Q1 loss Wednesday of 0.90 Chinese renminbi ($0.12) per diluted American depositary share, widening from a loss of 0.72 renminbi a year earlier.

Revenue for the quarter ended March 31 was 2.25 billion renminbi, up from 1.90 billion renminbi a year earlier.

Two analysts surveyed by FactSet expected 2.22 billion renminbi.

For 2025, the company said it continues to expect revenue of 9.10 billion renminbi to 9.30 billion renminbi. Analysts polled by FactSet expect 9.33 billion renminbi.

Shares of the company were down nearly 1% in premarket activity.