Xunlei Announces Unaudited Financial Results for the Third Quarter Ended September 30, 2024
Xunlei Limited - American Depositary Shares (XNET)
US:NASDAQ Investor Relations:
ir.xunlei.com
Company Research
Source: GlobeNewswire
SHENZHEN, China, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third quarter 2024 Financial Highlights: Total revenues were US$80.1 million, representing a decrease of 4.9% year-over-year. Cloud computing revenues were US$25.3 million, representing a decrease of 14.4% year-over-year. Subscription revenues were US$33.2 million, representing an increase of 15.6% year-over-year. Live streaming and other internet value-added services (“Live streaming and other IVAS”) revenues were US$21.6 million, representing a decrease of 16.7% year-over-year. Gross profit was US$40.5 million, representing an increase of 7.8% year-over-year, and gross profit margin was 50.8% in the third
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News
- Xunlei Limited (NASDAQ: XNET) was upgraded by analysts at StockNews.com from a "hold" rating to a "strong-buy" rating.MarketBeat
- Xunlei Ltd (XNET) Q3 2024 Earnings Call Highlights: Navigating Revenue Challenges with ... [Yahoo! Finance]Yahoo! Finance
- Xunlei Announces Changes of Board of DirectorsGlobeNewswire
- Xunlei Limited (NASDAQ: XNET) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Xunlei Limited Schedules 2024 Unaudited Third Quarter Earnings Release on Nov 14, 2024GlobeNewswire
XNET
Sec Filings
- 11/14/24 - Form 6-K
- 9/23/24 - Form 6-K
- XNET's page on the SEC website