VNET Group (NASDAQ: VNET), a leading technology-driven digital infrastructure company in China, saw its stock soar 5.02% in pre-market trading on Friday. The surge comes on the heels of the company's release of its unaudited financial results for the second quarter of 2025, which exceeded market expectations.
The company reported impressive financial performance for Q2 2025, with total revenue reaching RMB 2.43 billion, representing a 22.1% year-over-year increase. Adjusted EBITDA grew by 27.7% year-over-year to RMB 732 million, with the adjusted EBITDA margin improving to 30.1% from 28.8% in the prior year period. Notably, the hyperscale business showed exceptional growth, with revenue surging 112.5% year-over-year to RMB 854 million.
Mr. Chen Sheng, Founder and Chairman of VNET Group, commented on the results: "Through continued efficient strategic execution, we delivered strong second-quarter performance. Driven by accelerated customer deployments, our hyperscale IDC business maintained robust growth momentum." The company also unveiled its future development blueprint, planning to scale its managed data center assets to 10 gigawatts by 2036. With the recent launch of the Hyperscale 2.0 framework for future AIDC (AI-driven Data Center) development, VNET Group is positioning itself to capitalize on the growing demand for AI infrastructure and create long-term value for stakeholders.
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