21Vianet Group (VNET) Reports Q2 EPS of $0.06, Offers Outlook

21Vianet Group (NASDAQ: VNET) reported Q2 EPS of $0.06. Revenue for the quarter came in at $231.9 million.

Financial Outlook:

For the third quarter of 2021, the Company expects net revenues to be in the range of RMB1.53 billion to RMB1.55 billion. Adjusted EBITDA is expected to be in the range of RMB420 million to RMB440 million.

For the full year of 2021, the Company expects net revenues to be in the range of RMB6.10 billion to RMB6.30 billion. Adjusted EBITDA is expected to be in the range of RMB1.68 billion to RMB1.78 billion. 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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