VNET Group Inc. Announces Share Repurchase Program and Raises Revenue Guidance

BEIJING, June 27, 2025 — VNET Group, Inc. (“VNET”), a leading carrier- and cloud-neutral internet data center services provider in China, has announced significant corporate developments that underscore its confidence in future growth prospects. The company, listed on Nasdaq under the ticker VNET, has authorized a share repurchase program and raised its full-year 2025 revenue and adjusted EBITDA guidance.

Share Repurchase Program

VNET’s Board of Directors has authorized a share repurchase program under which the company may repurchase up to US$50 million of its American depositary shares (“ADSs”), each representing six Class A ordinary shares of the Company. This move is subject to the relevant rules under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy. The repurchase program reflects VNET’s confidence in its future development and growth prospects.

Increased Revenue and EBITDA Guidance

In addition to the share repurchase program, VNET has increased its total net revenues and adjusted EBITDA (non-GAAP) guidance for the full year 2025. Qiyu Wang, Chief Financial Officer of VNET, expressed satisfaction with the company’s impressive first-quarter results, which demonstrated sustained operating and financial momentum. This robust trajectory is fueled by a faster-than-anticipated move-in among wholesale IDC clients and ongoing operational efficiencies.

Market and Analyst Sentiment

Amid these positive developments, BofA Securities has maintained a buy rating on VNET Group stock, citing growth in the artificial intelligence sector as a contributing factor. This sentiment is echoed across multiple platforms, including investing.com, which highlights the continued confidence in VNET’s strategic direction and market position.

Company Overview

VNET Group Inc. is a technology company based in Beijing, China, specializing in providing carrier-neutral Internet data center services. The company hosts its customers’ servers and networking equipment while offering interconnectivity to enable data delivery across the internet. As of June 25, 2025, VNET’s close price was USD 5.91, with a market capitalization of USD 10.62 billion. The company’s 52-week high was USD 16.13 on February 19, 2025, and its 52-week low was USD 1.71 on August 4, 2024. The price-to-earnings ratio stands at 96.09.

These developments reflect VNET’s strategic initiatives and market confidence, positioning the company for continued growth in the competitive IT services sector.