Century Internet (VNET, Financial) saw its shares rise over 8% in pre-market trading, reaching $4.08. The surge followed the release of its third-quarter financial results, which showed significant growth and a return to profitability.
The company reported net revenue of 2.12 billion yuan, marking a 12.4% increase compared to the same period last year. The data center business, a key segment for Century Internet, contributed 1.5 billion yuan in net revenue, representing an 18.4% year-over-year growth.
Century Internet also achieved a net profit of 332.2 million yuan for the quarter, reversing a loss from the previous year. The adjusted EBITDA was 594.8 million yuan, up 17.1% from the prior year, indicating strong operational performance.
