VNET Group Inc. Reports Q2 2025 Net Loss of RMB11.9 Million, Adjusted EBITDA Margin Increases to 30.1%
Reuters
Aug 21
VNET Group Inc. Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Net Loss of RMB11.9 Million, Adjusted EBITDA Margin Increases to 30.1%
VNET Group Inc. has announced its unaudited financial results for the second quarter of 2025, reporting a revenue of RMB732.5 million (US$102.2 million), marking an increase of 27.7% from RMB573.8 million in the same period of 2024. The company experienced a net loss attributable to VNET Group, Inc. of RMB11.9 million (US$1.7 million) in the second quarter of 2025, compared to a net income of RMB63.7 million in the same period of 2024. This shift was primarily due to increased interest and income tax expenses. VNET's adjusted EBITDA margin (non-GAAP) for the second quarter of 2025 was 30.1%, up from 28.8% in the same quarter of the previous year. The company reported a basic and diluted loss per share of RMB0.01 (US$0.1 cent) for the quarter. The company's wholesale Internet Data Center (IDC) business showed significant growth, with wholesale capacity in service increasing by 101MW quarter over quarter to 674MW and utilized wholesale capacity rising by 74MW to 511MW.
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