Xunlei (XNET) has released an update.
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Xunlei Limited reported a mixed second quarter for 2024 with total revenues of $79.6 million, a decrease of 23.7% year-over-year, and net income falling to $2.5 million from $5.0 million in the prior year. Despite the decline, subscription revenues grew by 10.8% due to increased subscribers, while live streaming and other revenues plummeted by 53.9%. The company remains optimistic, focusing on product diversification and service refinement to strengthen user engagement and drive future growth.
For further insights into XNET stock, check out TipRanks’ Stock Analysis page.
