Xunlei

Xunlei Ltd. is a holding company, which provides shared cloud computing and blockchain technology services. It provides a wide range of products and services across cloud acceleration, blockchain, shared cloud computing and digital entertainment to deliver an efficient internet experience. The company was founded by Sheng Long Zou and Hao Cheng in December 2002 and is headquartered in Shenzhen, China.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Xunlei reports Q1 revenue growth driven by subscriptions amid challenges

Xunlei's Q1 2024 performance showed revenue growth in subscriptions but declines in other segments, with a focus on AI technologies for future growth.
While facing challenges in certain revenue streams, the company's strong gross profit margin and operating income reflect operational resilience.
Opportunities lie in leveraging subscription growth, AI technologies, and user base expansion for revenue diversification and market positioning.

Xunlei reports Q2 revenue decline but maintains profitability and cash reserves

Xunlei's Q2 2024 performance reflects mixed results with revenue declines in certain segments but growth in subscriptions.
The company's financial position remains stable with positive net income and significant cash reserves.
Addressing challenges in cloud computing and live streaming businesses while capitalizing on growth opportunities will be key for Xunlei.
Strategic focus on revenue diversification and cost management will be crucial for sustained growth and profitability.

Xunlei reports revenue decline but sees growth in subscription business

Xunlei faced revenue challenges in Q3 2024 but showed strength in subscription and live streaming businesses.
Operational improvements led to increased gross profit, while the company remains focused on innovation and overseas investments.
Despite challenges, Xunlei's strategic initiatives offer opportunities for future growth and market resilience.

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Xunlei Ltd. is a technology company providing distributed cloud services. It provides a wide range of products and services across cloud acceleration, blockchain, shared cloud computing and digital entertainment to deliver an efficient internet experience. The company was founded by Sheng Long Zou and Hao Cheng in December 2002 and is headquartered in Shenzhen, China.

Xunlei Limited (NASDAQ:XNET ) Q3 2024 Earnings Conference Call November 14, 2024 7:00 AM ET Company Participants Luhan Tang – Manager-Investor Relations Jinbo Li – Chairman and Chief Executive Officer Eric Zhou – Chief Financial Officer Conference Call Participants Operator Welcome ladies and gentlemen, and thank you for your patience. You've joined Xunlei's Third Quarter 2024 Earnings Conference Call.

Xunlei Limited (XNET) Q3 2024 Earnings Call Transcript

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.

Xunlei Announces Unaudited Financial Results for the Third Quarter Ended September 30, 2024

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 that Mr. Ya Li has resigned from his role as the Company's independent director for personal reasons, effective as of November 14, 2024. Followed by his resignation, the Board has appointed Mr. He Huang as an independent director of the Company effective as of November 14, 2024. Mr. Huang will also serve as a member of the compensation committee, the audit committee and the corporate governance and nominating committee.

Xunlei Announces Changes of Board of Directors

SHENZHEN, China, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2024 before market opens on Thursday, Nov 14, 2024.

Xunlei Limited Schedules 2024 Unaudited Third Quarter Earnings Release on Nov 14, 2024

SHENZHEN, China, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that the board of directors of the Company has appointed Mr. Hui Duan and Mr. Xiaosong Li as members of the board of directors of the Company, effective today.

Xunlei Announces Appointment of Two New Directors

JX Luxventure Ltd

HAIKOU, China , Aug. 29, 2024  /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions, today announced that, on August 29, 2024, the Company has hired Mr. Zhang Chun Sheng as Director of Marketing.

JX Luxventure Appoints Mr. Zhang Chun Sheng as Director of Marketing

Xunlei Limited (NASDAQ:XNET ) Q2 2024 Earnings Conference Call August 13, 2024 8:00 AM ET Company Participants Luhan Tang - IR Manager Jinbo Li - Chairman and CEO Naijiang Zhou - CFO Conference Call Participants Unidentified Analyst - Operator Welcome, ladies and gentlemen and thank you for your patience. You joined Xunlei Second Quarter 2024 Earnings Conference Call.

Xunlei Limited (XNET) Q2 2024 Earnings Call Transcript

SHENZHEN, China, Aug. 13, 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 second quarter ended June 30, 2024.

Xunlei Announces Unaudited Financial Results for the Second Quarter Ended June 30, 2024

Call End: Xunlei Limited (NASDAQ:XNET ) Q1 2024 Earnings Call Transcript May 16, 2024 08:00 AM ET Company Participants Luhan Tang - Investor Relations Manager Jinbo Li - Chairman and Chief Executive Officer Eric Zhou - Chief Financial Officer Conference Call Participants Operator Welcome, ladies and gentlemen, and thank you for your patience. You've joined Xunlei's First Quarter 2024 Earnings Conference Call.

Xunlei Limited (XNET) Q1 2024 Earnings Call Transcript

SHENZHEN, China, May 16, 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 first quarter ended March 31, 2024.

Xunlei Announces Unaudited Financial Results for the First Quarter Ended March 31, 2024

SHENZHEN, China, April 24, 2024 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the “SEC”) on April 23, 2024. The annual report can be accessed on the Company's investor relations website at http://ir.xunlei.com or the SEC's website at www.sec.gov.

Xunlei Filed Its Annual Report on Form 20-F for Fiscal Year 2023

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Xunlei Limited (NASDAQ:XNET) Q4 2023 Results Conference Call March 14, 2024 8:00 AM ET

Xunlei Limited (XNET) Q4 2023 Earnings Call Transcript

SHENZHEN, China, March 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 fourth quarter and full year ended December 31, 2023.

Xunlei Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

Xunlei Limited (NASDAQ:XNET ) Q3 2023 Results Conference Call November 14, 2023 8:00 AM ET Company Participants Luhan Tang - IR Jinbo Li - Chairman and CEO Eric Zhou - Chief Financial Officer Operator Welcome, ladies and gentlemen, and thank you for your patience. You joined Xunlei's 2023 Third Quarter Earnings Conference Call.

Xunlei Limited (XNET) Q3 2023 Earnings Call Transcript

SHENZHEN, China, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (NASDAQ: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Xunlei Announces Unaudited Financial Results for the Third Quarter Ended September 30, 2023

SHENZHEN, China, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2023 on November 14, 2023 before market open.

Xunlei Limited Schedules 2023 Unaudited Third Quarter Earnings Release on November 14, 2023

Xunlei Limited (NASDAQ:XNET ) Q2 2023 Earnings Conference Call August 15, 2023 8:00 AM ET Company Participants Luhan Tang - IR Manager Jinbo Li - Chairman & CEO Eric Zhou - CFO Conference Call Participants Operator Welcome, ladies and gentlemen, and thank you for your patience. You've joined Xunlei's 2023 Second Quarter Earnings Conference Call.

Xunlei Limited (XNET) Q2 2023 Earnings Call Transcript

SHENZHEN, China, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (NASDAQ: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Xunlei Announces Unaudited Financial Results for the Second Quarter Ended June 30, 2023

Xunlei is a Chinese internet company that presents an opportunity for US investors to capture outsized returns as Chinese equities rebound. It is a durable business with the ability to reinvest capital at high rates of return while providing a wide margin of safety. The company has announced a share repurchase program and allocated up to $20 million in share buybacks.

Xunlei Is A Wildly Discounted Compounder For U.S. Investors

Xunlei, a Chinese digital services company, has reported a 25% YoY increase in revenue and a marginal profit of $1.1m in its latest quarterly earnings. The company has a negative enterprise value of $125m, but its recent $20m share buyback authorization could lead to a significant re-rating of its share price. Were the stock to simply trade at a price that produced a positive enterprise value that implies a $3.50 price target.

Xunlei: An Update And A Special Situation

Xunlei Limited (NASDAQ:XNET ) Q1 2023 Earnings Conference Call May 16, 2023 8:00 AM ET Company Participants Luhan Tang - IR Manager Jinbo Li - Chairman & CEO Eric Zhou - CFO Operator Welcome, ladies and gentlemen, and thank you for your patience. You've joined Xunlei's 2023 First Quarter Earnings Conference Call.

Xunlei Limited (XNET) Q1 2023 Earnings Call Transcript

SHENZHEN, China, May 16, 2023 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (NASDAQ: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced its unaudited financial results for the first quarter ended March 31, 2023.

Xunlei Announces Unaudited Financial Results for the First Quarter Ended March 31, 2023

SHENZHEN, May 12, 2023 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2023 on May 16, 2023 before market open.

Xunlei Limited Schedules 2023 Unaudited First Quarter Earnings Release on May 16, 2023

SHENZHEN, China, April 26, 2023 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading innovator in shared cloud computing and blockchain technology in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission (the “SEC”) on April 26, 2023. The annual report can be accessed on the Company's investor relations website at http://ir.xunlei.com or the SEC's website at www.sec.gov.

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