VNET Group (VNET) Tops Q4 EPS by 18c, provides guidance

VNET Group (NASDAQ: VNET) reported Q4 EPS of (RMB0.42), RMB0.18 better than the analyst estimate of (RMB0.60). Revenue for the quarter came in at RMB1.9 billion versus the consensus estimate of RMB2.05 billion.

Business Outlook

For the full year of 2024, the Company currently expects total net revenues to be between RMB7,800 million to RMB8,000 million, versus the consensus of RMB8,337 million, representing a year-over-year growth of 5.2% to 7.9%, and adjusted EBITDA (non-GAAP) to be in the range of RMB 2,220 million to RMB2,280 million, representing a year-over-year growth of 8.9% to 11.8%.

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

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