Xunlei Ltd Stock Price, News & Analysis

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.

Xunlei Limited (NASDAQ: XNET), a leader in shared cloud computing and blockchain technology, will release its unaudited financial results for Q2 2022 on August 16, 2022, before market open. The earnings will be accessible on the Company’s investor relations page. Following the earnings release, management will host a conference call to discuss the results and recent developments at 8:00 a.m. U.S. Eastern Time on the same day, with preregistration required due to COVID-19 protocols. Xunlei, founded in 2003, offers various products in cloud acceleration and digital entertainment.

Xunlei Limited (NASDAQ: XNET) reported strong first-quarter financial results for 2022, with total revenues of $79.0 million, a 11.1% increase from the prior quarter. Major revenue streams showed growth: cloud computing at $30.2 million (+7%), subscription services at $25.3 million (+7%), and live streaming at $23.5 million (+22.1%). The company achieved a net income of $5.4 million compared to a loss last quarter. Gross profit was $34.9 million with a margin of 44.1%. For Q2 2022, Xunlei estimates revenues between $77 million and $82 million, reflecting a slight expected increase.

Xunlei Limited (NASDAQ: XNET), a leader in shared cloud computing and blockchain technology, will release its unaudited financial results for Q1 2022 on May 17, 2022, before market open. The earnings release will be accessible on the company's investor relations page. Following the release, management will host a conference call at 8:00 a.m. ET to discuss the quarterly results and business developments. Due to COVID-19, preregistration for the call is required, and participants will receive dial-in information upon registration.

Xunlei Limited (NASDAQ: XNET), a leader in shared cloud computing and blockchain technology in China, announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 28, 2022. The report is accessible via Xunlei's investor relations website or the SEC's site. Founded in 2003, Xunlei offers a variety of products and services aimed at enhancing internet efficiency, safety, and user experience.

Xunlei Limited (Nasdaq: XNET) announced a share repurchase plan of up to US$20 million to be executed within the next 12 months. The Board of Directors believes this reflects the company's financial strength and confidence in its operational outlook. Repurchases may occur through the open market or privately negotiated transactions, utilizing the company's cash reserves, which stood at approximately US$239 million as of December 31, 2021. Chairman Jinbo Li emphasized the company's intention to balance shareholder returns with future business growth.