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3Q13 Net Revenues Up 29.8% YOY to RMB514.0 Million
3Q13 Adjusted EBITDA Up 25.5% YOY to RMB95.4 Million
Live Conference Call to be Held at 8:00 PM U.S. Eastern Time, November 25, 2013
BEIJING, Nov. 25, 2013 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), the largest carrier-neutral internet data center services provider in China, today announced its unaudited financial results for the third quarter of 2013. The Company will hold a conference call at 8:00 p.m. Eastern Time on November 25, 2013. Dial-in details are provided at the end of the release.
Third quarter 2013 Financial Highlights
Net revenues increased by 29.8% to RMB514.0 million (US$84.0 million) from RMB396.1 million in the comparative period in 2012.
Adjusted EBITDA1 increased by 25.5% to RMB95.4 million (US$15.6 million) from RMB76.0 million in the comparative period in 2012.
Mr. Josh Chen, Founder, Chairman and Chief Executive Officer of the Company, stated, "During this quarter, we continued to focus on growing our core internet data center business as well as expanding our diversified client offerings, further strengthening our position as China's leading internet infrastructure provider. We are pleased to add 1,172 cabinets to our self-built data centers this quarter, bringing the total number of cabinets in our self-built data center to 8,576, or 64% of the total 13,307 cabinets under our management. In addition, new initiatives, such as our strategic joint venture with the Dongguan Municipal People's Government in Guangdong province to build a new internet data center in southern China, will further help us to develop our cloud computing services as well as China's own interconnection market. These initiatives are expected to further strengthen our position as a leading internet infrastructure and carrier-neutral data center services provider in China. As China's internet traffic and cloud services continue to grow, we are confident that our business model and on-going initiatives position us well to capitalize on future growth opportunities."
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