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Xunlei Ltd (XNET)
:XNET
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -1.90%
|Next Earnings Date:Aug 15, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. The subscription business showed strong growth and improved profit margins, but overall revenues were down due to declines in other segments, notably cloud computing and live streaming. Increased expenses further weighed on financial performance.Company Guidance
In the third quarter of 2024, Xunlei achieved total revenues of $80.1 million, marking a 4.9% year-over-year decline, primarily due to decreased revenues from live streaming and cloud computing businesses. Subscription revenue, however, rose by 15.6% to $33.2 million, driven by a rise in premium subscribers, which now account for 78% of total paying users. The cloud computing segment faced a 14.4% year-over-year revenue decrease, generating $25.3 million, while live streaming and other IVAS revenues fell 16.7% year-over-year to $21.6 million. The company's gross profit increased by 7.8% year-over-year to $40.5 million, with a gross profit margin of 50.5%. Operating loss narrowed significantly to $0.2 million, compared to $2.5 million in the previous year. Xunlei provided guidance for the fourth quarter of 2024, estimating total revenues to be between $77 million and $82 million, reflecting a potential quarter-over-quarter decrease of approximately 0.7%.Subscription Business Growth
The subscription business generated $33.2 million in revenue, up 15.6% year-over-year, with premium subscribers accounting for 78% of total paying users compared to 60% last year.
Increased Gross Profit
Gross profit for Q3 2024 was $40.5 million, representing an increase of 7.8% year-over-year, driven by subscription business growth.
Improved Gross Profit Margin
Gross profit margin improved to 50.5% in Q3 from 44.6% in the same period of 2023.
Cash and Short-term Investments Growth
The company had cash, cash equivalents, and short-term investments of $272 million as of September 30, 2024, compared to $263.4 million as of June 30, 2024.
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XNET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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XNET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $2.11 | $1.96 | -7.11% |
| Aug 13, 2024 | $1.60 | $1.59 | -0.63% |
| May 16, 2024 | $1.72 | $1.70 | -1.16% |
| Mar 14, 2024 | $1.63 | $1.54 | -5.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Xunlei Ltd (XNET) report earnings?
Xunlei Ltd (XNET) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Xunlei Ltd (XNET) earnings time?
Xunlei Ltd (XNET) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is XNET EPS forecast?
Currently, no data Available
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