Xunlei's third-quarter net profit fell 47% year-on-year, and average revenue per member continued to stabilize at 39.9 yuan-It Industry-php.cn

Xunlei's third-quarter net profit fell 47% year-on-year, and average revenue per member continued to stabilize at 39.9 yuan

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Nov 14, 2023 pm 09:41 PM

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News from this site on November 14, Xunlei today released its third quarter financial report for 2023. The financial report shows that Xunlei’s third quarter financial report total revenue was US$84.2 million, gross profit was US$37.5 million, a year-on-year increase of 6.6%, and net profit Net profit was US$4.4 million, compared with US$8.3 million in the same period last year, a year-on-year decrease of approximately 47%.

The financial report shows that membership service revenue was US$28.7 million, a year-on-year increase of 15.2%. In terms of business data, as of September 30, 2023, the number of Xunlei member users was approximately 5.02 million, an increase of 650,000 compared to the same period last year. In the third quarter of 2023, ’s average revenue per member was RMB 39.9. In the same period last year, the figure was 39.1 yuan.

Cloud computing revenue remained stable this quarter, reaching US$29.5 million, a year-on-year increase of 1.4%

In the third quarter, Xunlei increased the proportion of R&D investment, R&D expenses It was US$19.5 million, accounting for 23.1% of total revenue, compared with US$16.2 million in the same period last year, accounting for 18.3% of total revenue.

This site noted that Xunlei expects total revenue in the fourth quarter of 2023 to range from US$70 million to US$75 million. On an average basis, fourth-quarter revenue fell about 8.6% sequentially.

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