Xunlei Announces Q4 and 2019 Fiscal Year Financial Results

Xunlei Limited (NASDAQ:XNET) announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2019.

As quoted in the press release:

Fourth Quarter 2019 Financial Highlights:

• Total revenues were US$48.3 million, representing an increase of 10.2% from the previous quarter.

• Cloud computing and other internet value-added services (“Cloud computing and IVAS”) revenues were US$24.6 million, representing an increase of 18.0% from the previous quarter.

• Subscription revenues were US$19.8 million, representing an increase of 2.9% from the previous quarter.

• Online advertising revenues (consisting primarily of revenues from mobile advertising) were US$3.9 million, representing an increase of 3.9% from the previous quarter.

Click here to read the full press release.