Xunlei (XNET) Reports Q4 Loss of $0.11/Share

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Go back to Xunlei (XNET) Reports Q4 Loss of $0.11/Share

Xunlei Announces Unaudited Financial Results for the Fourth Quarter and the Fiscal Year Ended December 31, 2016 and Changes in Board of Directors

March 8, 2017 7:00 AM EST

-  Total revenues for the full year of 2016 rose by 20.7% on a year-over-year basis.

-  Cloud computing revenues for the full year of 2016 increased by 230.4% on a year-over-year basis.

SHENZHEN, China, March 08, 2017 (GLOBE NEWSWIRE) -- Xunlei Limited (Xunlei or the Company) (Nasdaq: XNET), a leading cloud-based acceleration technology company in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2016, and changes in its board of directors.

Fourth Quarter 2016 Financial Highlights

Total revenues were US$39.5 million, a... More