21Vianet Group (VNET) Reports Q1 Loss of $0.02/sh

21Vianet Group (NASDAQ: VNET) reported Q1 EPS of ($0.02). Revenue for the quarter came in at $211.7 million.

Financial Outlook:

For the second quarter of 2021, the Company expects net revenues to be in the range of RMB1,470 million to RMB1,490 million. Adjusted EBITDA is expected to be in the range of RMB405 million to RMB425 million.

For the full year of 2021, the Company expects net revenues to be in the range of RMB6,100 million to RMB6,300 million. Adjusted EBITDA is expected to be in the range of RMB1,680 million to RMB1,780 million. The midpoints of the Company’s updated estimates imply an increase of 28.4% and 30.7% year over year in net revenues and adjusted EBITDA, respectively.

The forecast reflects the Company’s current and preliminary views on the market and its operational conditions, which do not factor in any of the potential future impacts caused by the ongoing COVID-19 pandemic, and are subject to change.

For earnings history and earnings-related data on 21Vianet Group (VNET) click here.

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