India, May 26 -- Vnet Group, Inc. (VNET), a Chinese internet service provider, on Tuesday reported a wider net loss in the first quarter of 2026, despite higher revenue mainly from IDC and Wholesale businesses. Further, the firm confirmed fiscal 2026 outlook, expecting higher Adjusted EBITDA and revenues.
In the early morning trading on the Nasdaq, the shares are trading 5.4 percent higher at $10.05.
Net loss for the first quarter attributable to shareholders was RMB 2.23 billion or $323.20 million, compared to loss of RMB 237.56 million in 2025.
Loss per share was RMB1.36 or $0.20, compared to loss of RMB0.15 a year ago. Loss per ADS was RMB8.16 or $1.20, compared to loss of RMB0.90 a year ago.
Net loss attributable to the company was ...