Xunlei Announces Q4 and 2019 Fiscal Year Financial Results

Blockchain Investing

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

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.