Xunlei Limited, together with its subsidiaries, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud technology that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel. The company also provides Mobile Xunlei, a mobile application that allows users to search, download, and consume digital media content; Xunlei Media Player, which supports online and offline play of digital media content, as well as simultaneous play of digital media content while it is being transmitted by Xunlei Accelerator; online games through online game website and mobile app; live video streaming and online advertising services; and cloud computing and other internet value-added services. The company was formerly known as Giganology Limited and changed its name to Xunlei Limited in January 2011. Xunlei Limited was founded in 2003 and is based in Shenzhen, the People's Republic of China.
IPO Year: 2014
Exchange: NASDAQ
Website: xunlei.com
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
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. The earnings press release will be available on the Company's investor relations page at http://ir.xunlei.com. Conference Call Xunlei's management will host a conference call at 7:00 a.m. U.S. Eastern Time on November 14, 2024 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly results and recent business developments. Co
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. Second quarter 2024 Financial Highlights: Total revenues were US$79.6 million, representing a decrease of 23.7% year-over-year. Cloud computing revenues were US$26.4 million, representing a decrease of 13.8% year-over-year. Subscription revenues were US$32.9 million, representing an increase of 10.8% year-over-year. Live streaming and other internet value-added services ("Live streaming and other IVAS") revenues wer
SHENZHEN, China, Aug. 06, 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 second quarter ended June 30, 2024 before market opens on Tuesday, August 13, 2024. The earnings press release will be available on the Company's investor relations page at http://ir.xunlei.com. Conference Call Xunlei's management will host a conference call at 8:00 a.m. U.S. Eastern Time on August 13, 2024 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly results and recent business dev
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. First Quarter 2024 Financial Highlights: Total revenues were US$80.4 million, representing a decrease of 19.0% year-over-year. Cloud computing revenues were US$30.2 million, representing a decrease of 7.8% year-over-year. Subscription revenues were US$33.1 million, representing an increase of 12.9% year-over-year. Live streaming and other internet value-added services ("Live streaming and other IVAS") revenues wer
SHENZHEN, China, May 09, 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 first quarter ended March 31, 2024 before market opens on Thursday, May 16, 2024 . The earnings press release will be available on the Company's investor relations page at http://ir.xunlei.com. Conference Call Xunlei's management will host a conference call at 8:00 a.m. U.S. Eastern Time on May 16, 2024 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly results and recent business developments. Conference
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. 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"
SHENZHEN, China, March 07, 2024 (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 fourth quarter and fiscal year ended December 31, 2023 on March 14, 2024 before market open. The earnings press release will be available on the Company's investor relations page at http://ir.xunlei.com. Conference Call Xunlei's management will host a conference call at 8:00 a.m. U.S. Eastern Time on March 14, 2024 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly and fiscal year results and recent
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. Third Quarter 2023 Financial Highlights: Total revenues were US$84.2 million, a decrease of 4.6% year-over-year. Cloud computing revenues were US$29.5 million, an increase of 1.4% year-over-year. Subscription revenues were US$28.7 million, an increase of 15.2% year-over-year. Live streaming and other internet value-added services ("Live streaming and other IVAS") revenues were US$26.0 million, a decreas
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. The earnings press release will be available on the Company's investor relations page at http://ir.xunlei.com. Conference Call Xunlei's management will host a conference call at 8:00 a.m. U.S. Eastern Time on November 14, 2023 (9:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly results and recent business developments. Co
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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
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. Mr. Huang founded and has served as the chief executive officer
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. The earnings press release will be available on the Company's investor relations page at http://ir.xunlei.com. Conference Call Xunlei's management will host a conference call at 7:00 a.m. U.S. Eastern Time on November 14, 2024 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly results and recent business developments. Co
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. Mr. Hui Duan had served as a director of Xunlei from April 2020 to September 2023. He currently serves as the Chief Technology Officer of Beijing Itui Technology Co., Ltd. Prior to that, Mr. Duan founded his own company that provided SaaS tools and services from October 2015 to 2017. From April 2008 to April 2015, Mr. Duan served var
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. Mr. Zhang Chun Sheng has over 15 years of experience in brand promotion and marketing and is a seasoned expert in this area. He previously held a senior role at Xunlei Limited (NASDAQ:XNET), where he played a crucial part in driving the company's success. Ms. Sun "Ice" Lei, Chief Executive Officer of the Company commented: "We
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. Second quarter 2024 Financial Highlights: Total revenues were US$79.6 million, representing a decrease of 23.7% year-over-year. Cloud computing revenues were US$26.4 million, representing a decrease of 13.8% year-over-year. Subscription revenues were US$32.9 million, representing an increase of 10.8% year-over-year. Live streaming and other internet value-added services ("Live streaming and other IVAS") revenues wer
SHENZHEN, China, Aug. 06, 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 second quarter ended June 30, 2024 before market opens on Tuesday, August 13, 2024. The earnings press release will be available on the Company's investor relations page at http://ir.xunlei.com. Conference Call Xunlei's management will host a conference call at 8:00 a.m. U.S. Eastern Time on August 13, 2024 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly results and recent business dev
SHENZHEN, China, June 04, 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 (the "Board") has approved a new share repurchase program under which the Company may repurchase up to US$20 million of its ADSs or common shares over the next 12 months (the "2024 Share Repurchase Program"). The Board will review the 2024 Share Repurchase Program periodically and, if necessary, adjust its size and terms as necessary. In June 2023, Xunlei announced that the Board approved and adopted a share repurchase program, which authorized the
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. First Quarter 2024 Financial Highlights: Total revenues were US$80.4 million, representing a decrease of 19.0% year-over-year. Cloud computing revenues were US$30.2 million, representing a decrease of 7.8% year-over-year. Subscription revenues were US$33.1 million, representing an increase of 12.9% year-over-year. Live streaming and other internet value-added services ("Live streaming and other IVAS") revenues wer
SHENZHEN, China, May 09, 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 first quarter ended March 31, 2024 before market opens on Thursday, May 16, 2024 . The earnings press release will be available on the Company's investor relations page at http://ir.xunlei.com. Conference Call Xunlei's management will host a conference call at 8:00 a.m. U.S. Eastern Time on May 16, 2024 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly results and recent business developments. Conference
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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. Mr. Hui Duan had served as a director of Xunlei from April 2020 to September 2023. He currently serves as the Chief Technology Officer of Beijing Itui Technology Co., Ltd. Prior to that, Mr. Duan founded his own company that provided SaaS tools and services from October 2015 to 2017. From April 2008 to April 2015, Mr. Duan served var
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. Mr. Zhang Chun Sheng has over 15 years of experience in brand promotion and marketing and is a seasoned expert in this area. He previously held a senior role at Xunlei Limited (NASDAQ:XNET), where he played a crucial part in driving the company's success. Ms. Sun "Ice" Lei, Chief Executive Officer of the Company commented: "We
SHANGHAI, China, Jan. 02, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that Ms. Jihong He will step down as the chief financial officer of the Company and serve as the chief strategy officer of the Company, effective from January 2, 2024. Mr. Jun Zou, the executive vice president of the Company, has been appointed as the chief financial officer of the Company, effective from the same date. Mr. Zou has over 30 years of experience in financial management and capital markets in the U.S., Europe and China. Prior to joining H World, Mr. Zou worked as the chief financial officer of Shenzhe
WUHAN, China, Dec. 7, 2021 /PRNewswire/ -- DouYu International Holdings Limited ("Douyu" or the "Company") (NASDAQ:DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced changes to its board of directors and management. Mr. Wenming Zhang has tendered his voluntary resignation from his position as a director and co-chief executive officer of the Company due to personal reasons, effective as of December 7, 2021. Ms. Yang Deng has been appointed as a director on the Company's board of directors (the "Board"), effective as of December 7, 2021. In addition, Mr. Mingming Su, the Company's director and Chief Strategy Officer, will s
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 (the "Board") has approved a new share repurchase program under which the Company may repurchase up to US$20 million of its ADSs or common shares over the next 12 months (the "2024 Share Repurchase Program"). The Board will review the 2024 Share Repurchase Program periodically and, if necessary, adjust its size and terms as necessary. In June 2023, Xunlei announced that the Board approved and adopted a share repurchase program, which authorized the Company to repurchase up to US$20 million of its share
Xunlei (NASDAQ:XNET) reported quarterly earnings of $0.01 per share. This is a 83.33 percent decrease over earnings of $0.08 per share from the same period last year. The company reported $80.36 million in sales this quarter. This is a 18.76 percent decrease over sales of $98.91 million the same period last year.
Gainers Genasys (NASDAQ:GNSS) stock rose 10.0% to $2.2 during Tuesday's after-market session. The company's market cap stands at $96.8 million. As per the news, the Q2 earnings report came out today. AEye (NASDAQ:LIDR) shares rose 9.75% to $2.7. The company's market cap stands at $17.5 million. As per the news, the Q1 earnings report came out today. Sonim Technologies (NASDAQ:SONM) stock increased by 7.75% to $0.62. The company's market cap stands at $29.1 million. Mobix Labs (NASDAQ:MOBX) stock rose 4.99% to $3.36. The market value of their outstanding shares is at $90.2 million. The company's, Q2 earnings came out today. 908 Devices (NASDAQ:MASS) stock increased by 4.89% to $7.5. The
Guidance for the First Quarter of 2024 For the first quarter of 2024, Xunlei estimates total revenues to be between US$79 million and US$84 million, and the midpoint of the range represents a quarter-over-quarter increase of approximately 5.7%. This estimate represents management's preliminary view as of the date of this press release, which is subject to change and any change could be material.
Xunlei (NASDAQ:XNET) reported quarterly earnings of $0.07 per share. This is a 30.19 percent increase over earnings of $0.05 per share from the same period last year. The company reported $76.86 million in sales this quarter. This is a 20.48 percent decrease over sales of $96.64 million the same period last year.
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The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching: Gogo (NASDAQ:GOGO) - P/E: 7.71 Perion Network (NASDAQ:PERI) - P/E: 9.98 Hello Gr (NASDAQ:MOMO) - P/E: 5.18 Xunlei (NASDAQ:XNET) - P/E: 5.99 Lendway (NASDAQ:LDWY) - P/E: 0.97 Gogo saw a decrease in earnings per share from 0.16 in Q3 to $0.11 now. This quarter, Perion Network experience
Gainers Ascent Solar Technologies (NASDAQ:ASTI) shares increased by 5.7% to $0.72 during Tuesday's after-market session. The company's market cap stands at $2.4 million. Movella Holdings (NASDAQ:MVLA) shares rose 5.01% to $0.4. The company's market cap stands at $20.3 million. FOXO Technologies (AMEX:FOXO) stock moved upwards by 4.63% to $0.28. The company's market cap stands at $2.5 million. As per the press release, Q3 earnings came out 2 days ago. Xunlei (NASDAQ:XNET) shares increased by 4.63% to $1.58. The market value of their outstanding shares is at $103.2 million. Addvantage Technologies (NASDAQ:AEY) stock moved upwards by 4.07% to $2.81. The market value of their outstanding sh
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the communication services sector: KT (NYSE:KT) - P/E: 7.21 Weibo (NASDAQ:WB) - P/E: 4.8 SK Telecom Co (NYSE:SKM) - P/E: 9.76 Xunlei (NASDAQ:XNET) - P/E: 5.87 Telecom Argentina (NYSE:TEO) - P/E: 9.83 KT's earnings per share for Q2 sits at $0.6, whereas in Q1, they were at 0.47. This quarter, Weibo experienced an increase in earnings per share, which was $0.53 in
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the communication services sector: Xunlei (NASDAQ:XNET) - P/E: 6.61 Cogent Comms Hldgs (NASDAQ:CCOI) - P/E: 3.36 VEON (NASDAQ:VEON) - P/E: 2.78 SK Telecom Co (NYSE:SKM) - P/E: 9.81 DISH Network (NASDAQ:DISH) - P/E