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VNET Group (VNET) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

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

DateRevenueChange
2023-12-31-4.92%
2022-12-31-14.14%
2021-12-31-28.18%
2020-12-31-27.45%
2019-12-31-11.41%
2018-12-31-0.25%
2017-12-31--6.84%
2016-12-31-0.20%
2015-12-31-26.35%
2014-12-31-46.26%
2013-12-31-29.04%
2012-12-31-49.29%
2011-12-31-94.39%
2010-12-31-67.46%
2009-12-31--

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

DateRevenueChange
2024-03-31--0.02%
2023-12-31-0.61%
2023-09-30-3.58%
2023-06-30-0.88%
2023-03-31--3.98%
2022-12-31-3.66%
2022-09-30-5.18%
2022-06-30-4.82%
2022-03-31--5.73%
2021-12-31-11.85%
2021-09-30-4.24%
2021-06-30-7.94%
2021-03-31-2.86%
2020-12-31-8.23%
2020-09-30-8.89%
2020-06-30-4.88%
2020-03-31-4.07%
2019-12-31-6.85%
2019-09-30-10.47%
2019-06-30-1.85%
2019-03-31--3.33%
2018-12-31-3.66%
2018-09-30-5.04%
2018-06-30-3.44%
2018-03-31-4.56%
2017-12-31--13.57%
2017-09-30-0.84%
2017-06-30-1.91%
2017-03-31--4.27%
2016-12-31--6.96%
2016-09-30-6.28%
2016-06-30-5.63%
2016-03-31--12.32%
2015-12-31-6.42%
2015-09-30-6.61%
2015-06-30-0.78%
2015-03-31-0.73%
2014-12-31-9.68%
2014-09-30-18.31%
2014-06-30-12.29%
2014-03-31-7.35%
2013-12-31-6.20%
2013-09-30-9.11%
2013-06-30-8.12%
2013-03-31-4.28%
2012-12-31-5.49%
2012-09-30-8.67%
2012-06-30-5.39%
2012-03-31-8.65%
2011-12-31-21.64%
2011-09-30-13.56%
2011-06-30-9.41%
2011-03-31-6.73%
2010-12-31-62.00%
2010-09-30-8.16%
2010-06-30-20.48%
2010-03-31--

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/ServiceDec 19Dec 18
Hosting And Related Services--
Grant--

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/ServiceDec 19
Hosting And Related Services-

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

CountryDec 19Dec 18
Hosting And Related Services--
Grant--

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

TickerCompanyLast Year RevenueLast Quarter Revenue
CDWCDW--
GDSGDS--
CACICACI--
VNETVNET Group--
BRBroadridge Financial Solutions--
GGenpact--
ASGNASGN--
CLVTClarivate--
TTECTTEC--
JKHYJack Henry & Associates--
EXLSExlService--
WNSWNS--
TWKSThoughtworks--
TASKTaskUs--
PRFTPerficient--

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.