VNET reports mixed Q1 results; reaffirms FY25 outlook

1 day ago 1

VNET Group press release (NASDAQ:VNET): Q1 GAAP EPADS of -$0.12 misses by $0.10.
Revenue of $309.54M (+18.3% Y/Y) beats by $1.02M.
Adjusted EBITDA increased by 26.4% to $94.0 million from the same period of 2024. Adjusted EBITDA margin (non-GAAP) was 30.4%, compared with 28.4% in the same

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