Xunlei sees Q2 revenue $101M-$106M

Xunlei announced an update to its revenue guidance for the second quarter of 2023 after fully assessing the impact of the downsizing of the Company’s domestic live streaming business, which was previously announced by the Company on May 22, 2023. Based on information available as of the date of this press release, the Company estimates that the total revenues of the Company for the second quarter of 2023 will be between $101 million and $106 million, and the midpoint of the range represents a quarter-over-quarter increase of approximately 4.3%. This estimate represents the Company’s preliminary view as of the date of this press release. Such estimate is subject to change and any change could be material.