VNET Group (NASDAQ:VNET) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥8.26b (up 11% from FY 2023).
• Net income: CN¥183.2m (up from CN¥2.64b loss in FY 2023).
• Profit margin: 2.2% (up from net loss in FY 2023).
• EPS: CN¥0.69 (up from CN¥17.60 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

VNET Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 83%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in the US.

The company's shares are up 7.2% from a week ago.

Risk Analysis

You should always think about risks.

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