Ticker: VNET

Vnet Group reported first quarter revenue of 2.69 billion yuan, in line with expectations, alongside a 31% rise in adjusted EBITDA, reaffirming its 2026 growth forecasts.

VNET Group Inc. (NASDAQ: VNET) projects strong Q2 2024 growth with a 9.4% revenue increase and bullish plans for AI expansion. The company expects net revenues of RMB 7.8-8 billion and aims to maintain a low debt-to-EBITDA ratio. A promising investment for traders.