Welcome to our dedicated page for Xunlei news (Ticker: XNET), a resource for investors and traders seeking the latest updates and insights on Xunlei stock.
Xunlei Limited (symbol: XNET) is a leading acceleration product provider in China, renowned for its market share dominance as of December 2014. Leveraging advanced cloud computing technology, Xunlei operates a powerful internet platform that ensures users have quick and easy access to digital media content. The core products and services include the Xunlei Accelerator and cloud acceleration subscription services, which have significantly enhanced the user experience by providing swift and reliable network performance.
Xunlei is not just confined to traditional PCs; the company is making significant inroads into mobile devices, partly through pre-installed acceleration products on mobile phones. This expansion is further enhanced by extending services into living rooms via TV coverage. With a vast user base drawn by Xunlei Accelerator, the company has diversified its offerings to include value-added services such as Xunlei Kankan, online gaming, and pay-per-view options. This comprehensive suite of services caters to a wide range of digital media access and consumption needs.
Founded in 2003, Xunlei has grown into a digital content distribution network powerhouse in China, continuously enriching the internet applications available to Chinese netizens. The company's ongoing efforts in user acquisition and product improvement are evident from its recent financial performance. As of September 30, 2023, Xunlei recorded 5.02 million subscribers, up from 4.37 million the previous year. Subscription revenues also saw a significant increase, driven by a higher average revenue per subscriber and an increased number of subscribers opting for premium memberships.
Looking ahead, Xunlei estimates its total revenues for the fourth quarter of 2023 to be between US$70 million and US$75 million, reflecting a quarter-over-quarter decrease due to the downsizing of its domestic live streaming businesses. However, the company's subscription and cloud computing operations remain robust. For the first quarter of 2024, Xunlei projects total revenues between US$79 million and US$84 million, indicating a potential growth trajectory.
For the latest updates and more information on financial performance and upcoming events, visit Xunlei’s Investor Relations page.
Xunlei Limited (NASDAQ: XNET) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the SEC on April 26, 2023. The report highlights the company's commitment to innovation in shared cloud computing and blockchain technology, providing a range of services for enhanced internet experiences. Investors can access the full report through Xunlei's investor relations website or the SEC's official site. Founded in 2003, Xunlei aims to deliver efficient and secure digital solutions across various sectors, including cloud acceleration and digital entertainment.
Xunlei Limited (NASDAQ: XNET) announced its unaudited financial results for Q4 and fiscal year ended December 31, 2022. Total revenues reached US$97.0 million, up 9.8% from Q3. Cloud computing revenues increased by 9.7% to US$31.9 million. Subscription revenues dipped by 0.2% to US$24.9 million. Net income was US$1.6 million, down from US$8.3 million in Q3, while diluted earnings per ADS was approximately US$0.02. For the full year, total revenues amounted to US$342.6 million, a 43.0% increase from 2021, with net income surging to US$21.3 million from US$1.1 million in 2021.
Xunlei Limited (NASDAQ: XNET) will release its unaudited financial results for Q4 and the fiscal year ending December 31, 2022, on March 16, 2023, before market open. The earnings report will be accessible on the company’s investor relations webpage.
Management will hold a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results and business developments. Participants must register online to join the call. Founded in 2003, Xunlei is known for its innovations in shared cloud computing and blockchain technology, offering products that enhance internet efficiency and security.
Xunlei Limited (NASDAQ: XNET), a leader in cloud computing and blockchain technology, has officially relocated its headquarters to a new facility in Shenzhen, China. The modern building, situated in the Nanshan District, will house all functional departments, enhancing collaboration and productivity.
CEO Jinbo Li emphasized the company's commitment to providing a dynamic workspace for its employees, aiming to boost satisfaction and innovation. This move marks a significant milestone as Xunlei transitions from leasing offices to owning a dedicated facility.
Xunlei Limited (NASDAQ: XNET) reported its third-quarter 2022 financial results, showing total revenues of US$88.3 million, a 12.8% increase from the previous quarter. Cloud computing revenue rose to US$29.1 million (up 2.7%), while subscription revenue fell to US$25.0 million (down 1.7%). Live streaming and other IVAS surged 39.4% to US$34.2 million. Net income reached US$8.3 million, with diluted EPS at approximately US$0.12. The company expects Q4 2022 revenues between US$90 million and US$95 million.
Xunlei Limited (NASDAQ: XNET) announced plans to release its unaudited financial results for Q3 2022 on November 10, 2022, before market opening. The earnings will be accessible on the company's investor relations page. A conference call is scheduled for the same day at 8:00 a.m. U.S. Eastern Time, where management will discuss the quarterly results and business developments. Participants must preregister for the call due to COVID-19 measures.
Xunlei Limited (NASDAQ: XNET) reported its second quarter 2022 financial results, revealing total revenues of US$78.3 million, a 1.0% decline from Q1. Cloud computing revenues fell 6.2% to US$28.3 million, while subscription revenues slightly increased by 0.2% to US$25.4 million. Gross profit was US$33.7 million with a margin of 43.1%, down from 44.1%. Net income rose to US$6.0 million, up 10.1% from the prior quarter. Looking forward, Xunlei anticipates Q3 revenues between US$82 million and US$87 million, indicating potential growth.
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