Vnet Q1 Loss Widens, Revenue Rises; Full-Year Sales Outlook Maintained
MT Newswires Live
Yesterday
Vnet Group (VNET) reported a Q1 net loss Tuesday of 8.16 renminbi ($1.20) per diluted American depositary share, widening from a loss of 0.90 renminbi a year earlier.
Net revenue for the quarter ended March 31 was 2.69 billion renminbi, up from 2.25 billion renminbi a year earlier.
A single analyst polled by FactSet expected 2.68 billion renminbi.
For 2026, the company continues to expect net revenue of 11.5 billion renminbi to 11.8 billion renminbi. Analysts surveyed by FactSet expect 11.71 billion renminbi.
Vnet shares were down 1.5% in premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.