VNET Group Q2 Revenue Jumps 22 Percent

VNET Group (NASDAQ:VNET) reported second quarter 2025 results on August 21, 2025, with total net revenues (GAAP) rising 22.1% year-over-year to RMB 2.43 billion and adjusted EBITDA increased 27.7% year-over-year to RMB 732.5 million, driven by a rapid expansion in wholesale data center capacity and strong AI-driven customer demand. Management raised full-year 2025 revenue and adjusted EBITDA guidance, announced a $50 million share repurchase program in late June 2025, and detailed execution progress on its long-term AIDC (Artificial Intelligence Data Center) hyperscale strategy. Key takeaways focus on VNET’s accelerated wholesale growth, deployment of technology-driven modular construction, and evolving capital management approach.Wholesale in-service capacity grew 17.5% quarter-over-quarter to 674 megawatts, while utilized wholesale capacity increased 17% quarter-over-quarter to 511 megawatts, with utilization rates stable at 75.9%. Wholesale revenue soared 112.5% year-over-year to RMB 854.1 million, outpacing retail and non-IDC segment growth.This outsized wholesale expansion demonstrates successful execution on hyperscale client onboarding while intensifying capital needs and operational complexity.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool