Earnings release
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迅雷 XUNLEI Exhibit 99.1 XUNLEI ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30 , 2021 Shenzhen , China , November 11 , 2021 ( GLOBE NEWSWIRE ) Xunlei Limited ( “ Xunlei ” or the “ Company ” ) ( Nasdaq : XNET ) , a leading innovator in shared cloud computing and blockchain technology in China , today announced its unaudited financial results for the third quarter ended September 30 , 2021 . Third Quarter 2021 Financial Highlights : • • Total revenues were US $ 60.0 million , representing an increase of 8.8 % from the previous quarter . Cloud computing and other internet value - added services ( “ cloud computing and other IVAS ” ) revenues were US $ 35.2 million , representing an increase of 21.8 % from the previous quarter . Subscription revenues were US $ 22.7 million , representing a decrease of 0.2 % from the previous quarter . Online advertising revenues ( consisting primarily of revenues from mobile advertising ) were US $ 2.1 million , representing a decrease of 40.5 % from the previous quarter . Gross profit was US $ 29.3 million , representing an increase of 1.3 % from the previous quarter , and gross margin was 48.9 % in the third quarter , compared with 52.5 % in the previous quarter . Net loss was US $ 5.1 million in the third quarter , compared with a net income of US $ 5.8 thousand in the previous quarter . Non - GAAP net loss was US $ 3.1 million in the third quarter of 2021 , compared with a non - GAAP net income of US $ 1.3 million in the previous quarter . Diluted loss per ADS was approximately US $ 0.08 as compared with a diluted earnings per ADS of US $ 0.00005 in the previous quarter . Mr. Jinbo Li , Chairman and Chief Executive Officer of Xunlei , stated that “ We significantly exceeded our previously issued revenue guidance and delivered total revenues of US $ 60 million for the third quarter of 2021 , with significant growth in our cloud computing and other internet value - added services . I'm especially encouraged that we achieved growth in both cloud computing revenues and the bandwidth capacity under very challenging conditions . " " While the bottom line in the third quarter was affected by increased operating expenses and reduced advertising revenues , we intend to find ways to mitigate their impact . For example , while maintaining the growth momentum for our cloud - computing business , we will continue to enhance our subscription business by improving user experience and providing more value - added services to expand our customer base . In addition , we will further optimize our advertising products to diverse our customer base and increase customer loyalty . And finally , we will continue to invest in business innovation and seize growth opportunities through product lines expansion . " Third Quarter 2021 Financial Results Total Revenues Total revenues were US $ 60.0 million , representing an increase of 8.8 % from the previous quarter . The increase in total revenues was mainly attributable to increased revenues from cloud computing and other IVAS businesses . Revenues from cloud computing and other IVAS were US $ 35.2 million , representing an increase of 21.8 % from the previous quarter . The increase was mainly driven by increased CDN revenue due to increased demand for our cloud computing products .