VNET Group (VNET) Revenue & Revenue Breakdown
VNET Group Revenue Highlights
Latest Revenue (Y)
$7.41B
Latest Revenue (Q)
$1.90B
Main Segment (Y)
Hosting And Related Services
Main Geography (Y)
Hosting And Related Services
VNET Group Revenue by Period
VNET Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $7.41B | 4.92% |
| 2022-12-31 | $7.07B | 14.14% |
| 2021-12-31 | $6.19B | 28.18% |
| 2020-12-31 | $4.83B | 27.45% |
| 2019-12-31 | $3.79B | 11.41% |
| 2018-12-31 | $3.40B | 0.25% |
| 2017-12-31 | $3.39B | -6.84% |
| 2016-12-31 | $3.64B | 0.20% |
| 2015-12-31 | $3.63B | 26.35% |
| 2014-12-31 | $2.88B | 46.26% |
| 2013-12-31 | $1.97B | 29.04% |
| 2012-12-31 | $1.52B | 49.29% |
| 2011-12-31 | $1.02B | 94.39% |
| 2010-12-31 | $525.20M | 67.46% |
| 2009-12-31 | $313.63M | - |
VNET Group generated $7.41B in revenue during NA 2023, up 4.92% compared to the previous quarter, and up 217.96% compared to the same period a year ago.
VNET Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $1.90B | -0.02% |
| 2023-12-31 | $1.90B | 0.61% |
| 2023-09-30 | $1.89B | 3.58% |
| 2023-06-30 | $1.82B | 0.88% |
| 2023-03-31 | $1.81B | -3.98% |
| 2022-12-31 | $1.88B | 3.66% |
| 2022-09-30 | $1.81B | 5.18% |
| 2022-06-30 | $1.72B | 4.82% |
| 2022-03-31 | $1.65B | -5.73% |
| 2021-12-31 | $1.75B | 11.85% |
| 2021-09-30 | $1.56B | 4.24% |
| 2021-06-30 | $1.50B | 7.94% |
| 2021-03-31 | $1.39B | 2.86% |
| 2020-12-31 | $1.35B | 8.23% |
| 2020-09-30 | $1.25B | 8.89% |
| 2020-06-30 | $1.14B | 4.88% |
| 2020-03-31 | $1.09B | 4.07% |
| 2019-12-31 | $1.05B | 6.85% |
| 2019-09-30 | $980.97M | 10.47% |
| 2019-06-30 | $888.02M | 1.85% |
| 2019-03-31 | $871.86M | -3.33% |
| 2018-12-31 | $901.89M | 3.66% |
| 2018-09-30 | $870.07M | 5.04% |
| 2018-06-30 | $828.32M | 3.44% |
| 2018-03-31 | $800.76M | 4.56% |
| 2017-12-31 | $765.81M | -13.57% |
| 2017-09-30 | $886.03M | 0.84% |
| 2017-06-30 | $878.68M | 1.91% |
| 2017-03-31 | $862.18M | -4.27% |
| 2016-12-31 | $900.65M | -6.96% |
| 2016-09-30 | $968.01M | 6.28% |
| 2016-06-30 | $910.85M | 5.63% |
| 2016-03-31 | $862.27M | -12.32% |
| 2015-12-31 | $983.38M | 6.42% |
| 2015-09-30 | $924.10M | 6.61% |
| 2015-06-30 | $866.79M | 0.78% |
| 2015-03-31 | $860.11M | 0.73% |
| 2014-12-31 | $853.91M | 9.68% |
| 2014-09-30 | $778.52M | 18.31% |
| 2014-06-30 | $658.02M | 12.29% |
| 2014-03-31 | $586.00M | 7.35% |
| 2013-12-31 | $545.88M | 6.20% |
| 2013-09-30 | $514.02M | 9.11% |
| 2013-06-30 | $471.10M | 8.12% |
| 2013-03-31 | $435.72M | 4.28% |
| 2012-12-31 | $417.82M | 5.49% |
| 2012-09-30 | $396.06M | 8.67% |
| 2012-06-30 | $364.46M | 5.39% |
| 2012-03-31 | $345.82M | 8.65% |
| 2011-12-31 | $318.28M | 21.64% |
| 2011-09-30 | $261.64M | 13.56% |
| 2011-06-30 | $230.41M | 9.41% |
| 2011-03-31 | $210.60M | 6.73% |
| 2010-12-31 | $197.31M | 62.00% |
| 2010-09-30 | $121.80M | 8.16% |
| 2010-06-30 | $112.61M | 20.48% |
| 2010-03-31 | $93.47M | - |
VNET Group generated $1.90B in revenue during Q1 2024, up -0.02% compared to the previous quarter, and up 100.93% compared to the same period a year ago.
VNET Group Revenue Breakdown
VNET Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 19 | Dec 18 |
|---|---|---|
| Hosting And Related Services | $3.79B | - |
| Grant | - | $500.00K |
VNET Group's latest annual revenue breakdown by segment (product or service), as of Dec 19: Hosting And Related Services (100.00%).
Quarterly Revenue by Product
| Product/Service | Dec 19 |
|---|---|
| Hosting And Related Services | $3.79B |
VNET Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 19: Hosting And Related Services (100.00%).
VNET Group Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 19 | Dec 18 |
|---|---|---|
| Hosting And Related Services | $3.79B | - |
| Grant | - | $500.00K |
VNET Group's latest annual revenue breakdown by geography, as of Dec 19: Hosting And Related Services (100.00%).
VNET Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CDW | CDW | $21.38B | $5.52B |
| GDS | GDS | $9.96B | $2.63B |
| CACI | CACI | $7.66B | $2.06B |
| VNET | VNET Group | $7.41B | $1.90B |
| BR | Broadridge Financial Solutions | $6.51B | $1.73B |
| G | Genpact | $4.48B | $1.18B |
| ASGN | ASGN | $4.45B | $1.03B |
| CLVT | Clarivate | $2.63B | $650.30M |
| TTEC | TTEC | $2.46B | $534.09M |
| JKHY | Jack Henry & Associates | $2.20B | $537.72M |
| EXLS | ExlService | $1.63B | $472.07M |
| WNS | WNS | $1.32B | $322.60M |
| TWKS | Thoughtworks | $1.13B | $251.67M |
| TASK | TaskUs | $924.37M | - |
| PRFT | Perficient | $906.54M | $215.30M |
VNET Revenue FAQ
What is VNET Group’s yearly revenue?
VNET Group's yearly revenue for 2023 was $7.41B, representing an increase of 4.92% compared to 2022. The company's yearly revenue for 2022 was $7.07B, representing an increase of 14.14% compared to 2021. VNET's yearly revenue for 2021 was $6.19B, representing an increase of 28.18% compared to 2020.
What is VNET Group’s quarterly revenue?
VNET Group's quarterly revenue for Q1 2024 was $1.9B, a -0.02% decrease from the previous quarter (Q4 2023), and a 5.11% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $1.9B, a 0.61% increase from the previous quarter (Q3 2023), and a 0.95% increase year-over-year (Q4 2022). VNET's quarterly revenue for Q3 2023 was $1.89B, a 3.58% increase from the previous quarter (Q2 2023), and a 4.01% increase year-over-year (Q3 2022).
What is VNET Group’s revenue growth rate?
VNET Group's revenue growth rate for the last 3 years (2021-2023) was 19.76%, and for the last 5 years (2019-2023) was 95.65%.
What are VNET Group’s revenue streams?
VNET Group's revenue streams in c 19 are Hosting And Related Services
What is VNET Group’s main source of revenue?
For the fiscal year ending Dec 19, the largest source of revenue of VNET Group was Hosting And Related Services. This segment made a revenue of $3.79B, representing 100.00% of the company's total revenue.