Xunlei Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]
Xunlei Limited - American Depositary Shares (XNET)
US:NASDAQ Investor Relations:
ir.xunlei.com
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Source: Yahoo! Finance
distributed cloud services in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights: Total revenues were US$77.1 million, a decrease of 20.4% year-over-year. Cloud computing revenues were US$30.5 million, a decrease of 4.4% year-over-year. Subscription revenues were US$31.6 million, representing an increase of 26.8% year-over-year. Live streaming and other internet value-added services (“Live streaming and other IVAS”) revenues were US$15.0 million, a decrease of 62.5% year-over-year. Gross profit was US$40.1 million, representing an increase of 6.5% year-over-year, and gross profit margin was 51.9% in the fourth quarter, compared with 38.8% in the same period of 2022. Net income was US$3.7 million in the fourth quarter, compared with US$1.6 million in the same period of 2022. Non-GAAP net income was US$4.5 million in the fourth quarter, compared with US$3.5 million
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News
- Xunlei Limited (NASDAQ: XNET) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Xunlei Filed Its Annual Report on Form 20-F for Fiscal Year 2023GlobeNewswire
- Xunlei Limited (NASDAQ: XNET) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Xunlei Limited (NASDAQ: XNET) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Xunlei Limited (NASDAQ: XNET) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
XNET
Sec Filings
- 4/23/24 - Form 20-F
- 3/14/24 - Form 6-K
- XNET's page on the SEC website