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 (NASDAQ: XNET) is a technology company founded in 2003 that focuses on distributed cloud services in China, with activities spanning cloud acceleration, shared cloud computing and digital entertainment. Its news flow is driven by regular financial disclosures, operational updates and corporate developments that reflect how these businesses are performing.
On this page, readers can review Xunlei news items such as unaudited quarterly financial results, annual report filings and management commentary. The company’s earnings releases detail trends in subscription revenues, cloud computing revenues, and live-streaming and other services revenues, along with metrics like subscriber counts, average revenue per subscriber, bandwidth costs and revenue-sharing expenses. Management also discusses factors affecting cloud computing demand, competition, pricing pressure and regulatory developments.
Xunlei’s news also covers strategic moves, including the acquisition of Shanghai Kuanghui Network Technology Co., Ltd., operator of Hupu, which the company describes as a sports media and data platform in China. In addition, the company reports on its long-term investment in Arashi Vision Inc. (Insta360) and the impact of fair value changes in this investment on other income and net income.
Investors following XNET news can use this feed to track updates on share repurchase programs, cash and investment balances, non-GAAP performance measures, and safe harbor statements outlining key business risks. Returning to this page provides a consolidated view of Xunlei’s latest earnings announcements, transaction updates and regulatory communications as the company pursues its distributed cloud services and digital entertainment strategy in China.
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.
Xunlei Limited (NASDAQ: XNET) reported its financial results for Q4 and FY 2021, showcasing total revenues of US$71.1 million for Q4, an 18.6% quarter-over-quarter increase, and US$239.6 million for the year, marking a 28.3% year-over-year growth. Cloud computing and IVAS revenues surged 52.7% year-over-year to US$136.2 million. Net loss reduced to US$0.5 million in Q4 from US$5.1 million in Q3, with a net income of US$1.1 million for the year. The company expects Q1 2022 revenues between US$77 million and US$80 million.
Xunlei Limited (NASDAQ: XNET) announced plans to release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021, on March 17, 2022, before market open. The press release will be available on the Company's investor relations page. Subsequently, Xunlei's management will host a conference call at 8:00 a.m. ET on the same day to discuss the results and recent business developments. Participants must preregister for the call due to COVID-19 precautions. Details for the online registration and call access are provided.
Xunlei Limited (NASDAQ: XNET) has launched a new blockchain-based NFT service platform aimed at assisting enterprises in managing digital assets. The platform offers comprehensive NFT services, including design, minting, and showcasing, using Xunlei’s ThunderChain technology for unique identification and preservation of digital content. This initiative is expected to unlock new business opportunities for enterprises and enhance their marketing capabilities. Chairman and CEO Jinbo Li emphasized the company's commitment to adding value in the emerging NFT market.
Xunlei Limited (Nasdaq: XNET) reported third-quarter 2021 revenues of US$60 million, up 8.8% from the previous quarter. Cloud computing and other internet value-added services generated US$35.2 million, a 21.8% increase. However, subscription revenue fell 0.2% to US$22.7 million, and online advertising revenues plummeted 40.5% to US$2.1 million. The company posted a net loss of US$5.1 million, contrasting with net income of US$5.8 thousand in Q2 2021. Xunlei anticipates Q4 revenues between US$67 million and US$71 million, reflecting potential 15% growth.
Xunlei Limited (Nasdaq: XNET), a leader in shared cloud computing and blockchain technology, will announce its third quarter financial results for the period ending September 30, 2021, on November 11, 2021, before market opening. A management conference call will follow at 8:00 a.m. EST to discuss the results and business developments. Participants must preregister for the call due to COVID-19 restrictions. The earnings report and related information will be available on the company’s investor relations page.
Xunlei Limited (Nasdaq: XNET) reported its financial results for Q2 2021, with total revenues of US$55.2 million, up 3.6% from Q1. Cloud computing and internet services generated US$28.9 million (+5.8%), while subscription revenues reached US$22.7 million (+3.0%). However, online advertising revenues fell 8.7% to US$3.5 million. Gross profit stood at US$29.0 million with a gross margin of 52.5%. Net income decreased significantly to US$5.8 thousand from US$6.8 million in Q1. The company estimates Q3 revenues between US$54 million and US$58 million.
Xunlei Limited (NASDAQ: XNET), a leader in shared cloud computing and blockchain technology in China, will release its unaudited financial results for Q2 2021 on August 12, 2021, before market open. The results will be available on the investor relations page. Management will host a conference call at 8:00 a.m. ET to discuss the results and recent business developments. Participants must preregister online due to COVID-19 restrictions. The Company also plans to provide a live audio webcast of the call, with an archived version available shortly after its conclusion.