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) reported its first-quarter 2021 financial results, showcasing total revenues of US$53.3 million, up 5.9% from the prior quarter. Cloud computing and IVAS revenues rose to US$27.3 million, a 5.7% increase, while subscription revenues climbed to US$22.1 million, up 6.9%. The company achieved a net income of US$6.8 million, a 45.4% rise, with diluted earnings per ADS reaching US$0.10. For Q2 2021, Xunlei forecasts revenues between US$54 million and US$58 million, indicating continued growth.
Xunlei Limited (Nasdaq: XNET) announced plans to release its unaudited financial results for Q1 2021 on May 20, 2021, before U.S. market opens. The earnings report will be accessible via the investor relations page. A conference call is scheduled for the same day at 8:00 a.m. U.S. Eastern Time, providing insights into quarterly results and business updates. Due to COVID-19, preregistration for the call is necessary, and the webcast will also be available for live streaming.
Xunlei Limited (Nasdaq: XNET) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 26, 2021. The report can be accessed on the company’s investor relations website and the SEC’s website. Founded in 2003, Xunlei is recognized for its innovations in shared cloud computing and blockchain technology in China, providing products and services that enhance internet experience through cloud acceleration and digital entertainment.
Xunlei Limited (Nasdaq: XNET) reported strong fourth quarter and fiscal year 2020 financial results. For Q4, total revenues reached US$50.3 million, up 15% quarter-over-quarter, driven by a 22% increase in cloud computing revenues. Gross profit rose to US$26.8 million with a gross margin of 53.3%. The company achieved a net income of US$4.6 million, reversing a prior loss, and showed improved operational efficiency. For FY 2020, total revenues grew 3% to US$186.7 million, though online advertising fell 15.6%. Cash and equivalents stand at US$255.1 million, supporting future growth investments.
Xunlei Limited (NASDAQ: XNET) will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020, on March 16, 2021, before U.S. market opens. A conference call will follow at 8:00 a.m. U.S. Eastern Time to discuss the results and business developments. Due to COVID-19, participants must preregister online for access. Xunlei, founded in 2003, is a leader in shared cloud computing and blockchain technology, providing services that enhance the internet experience.
Xunlei Limited (Nasdaq: XNET) announced a partnership with Shijilong Information Network on November 6, 2020, to develop joint cloud storage services. This collaboration will integrate Xunlei's 'Xunlei Space' with Shijilong's e-Surfing Cloud Storage, enabling coverage of both public and private cloud services. The companies plan to introduce a joint membership program, allowing simultaneous user access to both services. This initiative marks the beginning of broader collaboration aimed at resource sharing and mutual benefits.
Xunlei Limited (Nasdaq: XNET) will announce its unaudited financial results for Q3 2020 on November 12, 2020, prior to U.S. market opening. The results will be accessible on the investor relations page. A conference call is scheduled for the same day at 8:00 a.m. ET, to discuss financial performance and business developments. Participants must preregister due to COVID-19 restrictions. Xunlei, established in 2003, is a key player in shared cloud computing and blockchain technologies in China, offering diverse products aimed at enhancing internet efficiency and security.
Xunlei Limited (Nasdaq: XNET) reported its second-quarter 2020 financial results, revealing total revenues of US$44.3 million, a decline of 8.3% from the previous quarter. Cloud computing and IVAS revenues were US$21.0 million, a 0.9% decrease, while subscription revenues fell to US$20.7 million, down 11.4%. The net loss widened to US$11.8 million from US$5.5 million in Q1. Gross profit decreased 14.5% to US$20.4 million, with a gross margin of 46.0%. The company anticipates third-quarter revenues between US$42 million and US$46 million.
Xunlei Limited (NASDAQ: XNET) has announced it will release its unaudited financial results for Q2 2020 on August 25, 2020, before the U.S. market opens. The earnings will be accessible on its investor relations page. Management will host a conference call at 8:00 a.m. ET the same day to discuss results and recent developments. Due to COVID-19, participants must preregister online. Access to the live audio webcast will also be available on their website.
Xunlei Limited (Nasdaq: XNET) announced a $20 million Share Buyback Program approved by its board of directors, aimed at enhancing shareholder value over the next 12 months. The buybacks may occur on the open market and will be funded from the company's cash reserves, which totaled approximately $255.7 million as of March 31, 2020. Chairman Jinbo Li expressed confidence in the company's financial outlook, indicating that this initiative reflects a strong commitment to shareholder returns.
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