By Kelly Cloonan

American depository receipts of VNET Group declined after the company's fiscal-year guidance came in below Wall Street's expectations.

ADRs slid 8.7% to $9.60 on Monday and are down 18% in the past 12 months.

For the full year, the Chinese data center services provider guided for revenue of 11.5 billion Chinese Yuan ($1.65 billion) to CNY11.8 billion and adjusted earnings before interest, taxes, depreciation and amortization of CNY3.55 billion to CNY3.75 billion.

The midpoints of both guidance ranges came in below analysts' forecasts for revenue of CNY11.72 billion and adjusted EBITDA of CNY3.71 billion, according to FactSet.

For the fourth quarter, VNET posted a profit of CNY304.7 million, compared with a loss of CNY11.1 million a year earlier. Loss per share was CNY0.01, compared with estimates of earnings per share of CNY0.04, according to FactSet.

Revenue rose 20% to CNY2.69 billion, compared with analyst estimates of CNY2.62 billion.

The increase was driven by the growth of the company's wholesale managed hosting services business.

"We remain focused on reinforcing our core strengths and developing our scalable and high-performance data centers to capture the accelerating AI-driven demand," interim Chief Executive Josh Sheng Chen said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

March 16, 2026 12:23 ET (16:23 GMT)

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