Xunlei (XNET) Reports Q1 Revenue of $99.2M, Net Income of $5.5M
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Xunlei Announces Unaudited Financial Results for the First Quarter Ended March 31, 2023
May 16, 2023 6:00 AM EDTSHENZHEN, 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.
First Quarter 2023 Financial Highlights:
Total revenues were US$99.2 million, an increase of 25.5% year-over-year. Cloud computing revenues were US$32.7 million, an increase of 8.2% year-over-year. Subscription revenues were US$29.3 million, an increase of 15.8% year-over-year.Live streaming and other... More