US Stock Market Move | VNET Group, Inc. Sponsored ADR (VNET.US) rose more than 8% with a year-over-year increase of 19.8% in total revenue for the first quarter.

On Wednesday, VNET Group, Inc. Sponsored ADR (VNET.US) rose more than 8% to $10.73. In terms of news, VNET Group, Inc. Sponsored ADR released its unaudited financial performance for the first quarter of 2026: total revenue increased by 19.8% year-on-year to 2.69 billion yuan; adjusted EBITDA increased by 30.6% year-on-year to 890 million yuan; adjusted gross cash margin increased by 25.1% year-on-year to 1.21 billion yuan. In the first quarter, VNET Group, Inc. Sponsored ADR embarked on a new journey with Health Technology Group, where revenue from base-type business exceeded urban-type business revenue for the first time. As of March 31, 2026, the operating total capacity of base-type IDC business reached 907MW, an increase of 18MW compared to the previous period; the on-shelf capacity of base-type IDC business reached 687MW, an increase of 64MW, with an increase in on-shelf rate of 5.6 percentage points to 75.7%. Urban-type IDC business continued to grow steadily, with the MRR of a single cabinet in the first quarter increasing to 9448 yuan, and the on-shelf rate remaining stable at 64.1%.