🔴 VNET Group is trading 8.3% down today after reporting a net loss and margin pressure

VNET Group is trading 8.3% down now at $7.26 after its August 18, 2026 earnings release raised concerns over a net loss and lower gross margin.

• Revenue reached RMB2.78 billion and adjusted EBITDA rose 25.4%, supported by strong wholesale growth.
• The company reported a RMB135.6 million net loss, while depreciation increased from rapid expansion.
• Full-year guidance was maintained, though broader technology weakness added pressure.