XNET
Xunlei LimitedNASDAQ
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  • Wed, Nov. 9, 6:04 AM
    • Xunlei (NASDAQ:XNET): Q3 EPS of -$0.0159.
    • Revenue of $40.72M (+21.8% Y/Y).
    • Press Release
    | Wed, Nov. 9, 6:04 AM
  • Wed, Aug. 10, 3:48 PM
    • Xunlei Limited (NASDAQ:XNET) is 2.4% lower today in U.S. trading after it posted a net loss that again was wider than the previous year, but narrowed compared to last quarter.
    • A net loss from continuing operations of $4.1M compared to a loss of $1.02M a year ago. On a non-GAAP basis, the company lost $2M.
    • Total revenues grew 22.3%; subscription revenues of $22.6M were up 7.5% Y/Y, and online ad revenues jumped 279% to $3.8M. Other Internet value-added services grew 28% to $11.7M.
    • Cash and equivalents came to $391M, down from the prior quarter's $432.1M due to strategic investments and ongoing buybacks.
    • It's guiding to Q3 revenues of $38M-$42M (a 19.4% Y/Y increase at the midpoint).
    • Conference call to come tomorrow at 8 a.m. ET.
    • Press Release
    | Wed, Aug. 10, 3:48 PM
  • Wed, Aug. 10, 7:26 AM
    | Wed, Aug. 10, 7:26 AM
  • Wed, May 11, 8:48 AM
    • Xunlei (NASDAQ:XNET): Q1 EPADS of -$0.0425.
    • Revenue of $38.47M (+27.4% Y/Y).
    | Wed, May 11, 8:48 AM
  • Thu, Apr. 7, 12:45 PM
    | Thu, Apr. 7, 12:45 PM | 1 Comment
  • Thu, Mar. 10, 5:20 PM
    • Xunlei Limited (XNET +2.2%) marked a wider loss in its Q4 results as subscription revenues dropped Y/Y and sequentially.
    • The company pointed to progress in its cloud computing business (Project Crystal, up 33.9%) and mobile Internet advertising.
    • Total revenues of $35.1M were down 1.1% Y/Y. Online ad revenues of $1.7M were up 23.9%; Internet value-added services were up 24.3% to $13.6M. As noted, subscription revenues fell 14.6% to $19.8M, mainly driven by a decline in average revenue per subscriber as subscribers increased to 5.02M from Q3's 4.94M.
    • Cash and equivalents and short-term investments came to $432.1M at year-end.
    • For Q1, it's guiding to revenues of $35M-$38M (a Y/Y gain of 20.9% at the midpoint).
    • Conference call to come tomorrow at 8 a.m. ET.
    | Thu, Mar. 10, 5:20 PM
  • Thu, Mar. 10, 5:06 PM
    • Xunlei (NASDAQ:XNET): Q4 EPS of -$0.011
    • Revenue of $35.1M (-1.1% Y/Y)
    | Thu, Mar. 10, 5:06 PM
  • Tue, Feb. 16, 11:10 AM
    • Many beaten-up Chinese tech names are up strongly on a morning the Nasdaq is up 1%. The gains comes after the Shanghai and Shenzhen exchanges respectively rose 3.3% and 4.1% overnight; strong new loan data and PBOC cash-removal efforts helped.
    • Alibaba (BABA +6.7%) is one today's standouts, and that naturally means Yahoo (YHOO +5.8%), which (for now) is still pursuing a reverse spinoff of its core business to better monetize its 384M-share Alibaba stake, is also posting big gains. Fellow Chinese e-commerce firms JD.com (JD +7.6%), Vipshop (VIPS +7.9%), LightInTheBox (LITB +6.7%), and Dangdang (DANG +8.3%) are also doing well.
    • Other big gainers include Weibo (WB +9.5%), Momo (MOMO +16.8%), Leju (LEJU +9.4%), NetEase (NTES +6.7%), Changyou (CYOU +6.5%), Bitauto (BITA +8.9%), 58.com (WUBA +6.8%), Cheetah Mobile (CMCM +5.8%), NQ Mobile (NQ +5.4%), 500.com (WBAI +5.6%), Baozun (BZUN +6.7%), and Xunlei (XNET +6.8%).
    • ETFs: CQQQ, KWEB, QQQC, EMQQ
    | Tue, Feb. 16, 11:10 AM | 16 Comments
  • Wed, Jan. 27, 9:55 AM
    • Xunlei Limited (NASDAQ:XNET) is up 1.9% as it takes on a share repurchase program of up to $20M.
    • The board authorized buybacks of its American depositary shares over the next 12 months, with timing depending on market conditions (as usual, buys can happen on the open market, private transactions, 10b5-1 plans, etc.).
    • It'll fund the buybacks from available cash; it had cash and equivalents of about $445M as of Sept. 30.
    • Meanwhile, co-founder Steve Hao Cheng is resigning his executive positions -- he's general manager of Xunlei's Games business unit -- while remaining on the board.
    | Wed, Jan. 27, 9:55 AM
  • Nov. 18, 2015, 5:43 PM
    • Xunlei Limited (XNET +5.6%) has promoted a co-CEO along with posting Q3 results where it swung to a loss.
    • The company named Lei Chen, currently chief technology officer, as co-CEO alongside Sean Zou. Chen was instrumental in launching the company's Project Crystal, a crowd-sourced CDN initiative which is posting its first contributions to revenue.
    • Revenue by segment: Subscription, $20.4M, (down 3.2% sequentially, chiefly due to renminbi depreciation); Internet value-added services, $12.1M (up 32.1% sequentially, mainly due to included Project Crystal revenues).
    • Conference call to come tomorrow at 8 a.m. ET.
    | Nov. 18, 2015, 5:43 PM
  • Nov. 18, 2015, 5:05 PM
    • Xunlei (NASDAQ:XNET): Q3 EPADS of -$0.045
    • Revenue of $33.5M (-1.7% Y/Y)
    | Nov. 18, 2015, 5:05 PM
  • Oct. 14, 2015, 12:54 PM
    • A slew of Chinese Internet stocks are underperforming on a quiet day for equities after Beijing reported China's consumer price index rose 1.6% Y/Y in September (slightly less than an expected 1.8%) and its producer price index fell 5.9% (the biggest drop since the financial crisis), triggering fresh fears about slowing growth.
    • The Shanghai exchange fell a moderate 0.9% overnight. The Nasdaq is currently up 0.3%.
    • U.S.-traded names selling off include Vipshop (VIPS -3.5%), Bitauto (BITA -4.2%), Autohome (ATHM -3.9%), JD.com (JD -2.9%), Jumei (JMEI -8.7%), Autohome (ATHM -3.9%), Xunlei (XNET -3.6%), 500.com (WBAI -2.8%), and Wowo (WOWO -4.2%). JD has received a cautious note from 86 Research.
    | Oct. 14, 2015, 12:54 PM
  • Aug. 12, 2015, 5:39 PM
    • Top gainers, as of 5.25 p.m.: PBYI +8.6%. NUS +6.4%. RNDY +5.0%. SVA +4.5%. NWSA +4.4%.
    • Top losers, as of 5.25p.m.: GLBL -12.6%. XNET -6.8%. CPA -4.4%. VET -3.5%. IBN -3.4%.
    | Aug. 12, 2015, 5:39 PM | 1 Comment
  • Aug. 12, 2015, 5:23 PM
    • Xunlei Limited (NASDAQ:XNET) is off 6.1% after hours following a Q2 report where non-GAAP profit from continuing operations slipped 11% and the company guided to a Q3 revenue decline of about 9%.
    • Revenue by segment: Subscriptions, $21M (down 16.9%); Other Internet value-added services, $9.2M (up 39.4%), driven by game sales.
    • Average revenue per subscriber fell to $4.16 from Q1's $4.34, while subscribers grew during the three months, to 5.06M from 4.88M.
    • Xunlei plans to divest client games this month (4.2% of revenues). Last month, it divested Xunlei KanKan, its online video streaming business.
    • The company is guiding to Q3 revenues of $29M-$33M -- a 9% Y/Y decrease at the midpoint. It had cash and equivalents of $444.6M at quarter's end.
    • Conference call to come tomorrow at 8 a.m. ET.
    | Aug. 12, 2015, 5:23 PM
  • Aug. 12, 2015, 5:06 PM
    • Xunlei (NASDAQ:XNET): Q2 EPADS of $0.08
    • Revenue of $31.09M (-4.7% Y/Y)
    | Aug. 12, 2015, 5:06 PM
  • Aug. 11, 2015, 5:35 PM
    | Aug. 11, 2015, 5:35 PM | 4 Comments