Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com August 16 news, a few days ago, Xunlei announced unaudited financial results for the second quarter ended June 30, 2023, with total revenue of $104 million (CTOnews.com Note: currently about 759 million yuan), an increase of 33.3% over the same period last year, mainly due to an increase in revenue from members, cloud computing, live streaming and other Internet value-added services.

▲ source Xunlei official website, the following is the same as CTOnews.com with the main contents of the Financial News:

Total revenue was $104 million (currently about 759 million yuan), up 33.3% from a year earlier.

Cloud computing revenue was $30.7 million (currently about 224 million yuan), up 8.2% from a year earlier.

Revenue from subscriptions (members) was $29.7 million (currently about 217 million yuan), up 17.0% from a year earlier.

Revenue from live streaming and other Internet value-added services was $43.9 million (currently about 320 million yuan), up 79.1% from a year earlier.

Gross profit was $45.9 million (currently about 335 million yuan), an increase of 35.9% year-on-year, and gross profit margin was 44.0%, compared with 43.1% in the same period in 2022.

Net profit was $5 million (currently about 36.5 million yuan), compared with $6 million (currently about 43.8 million yuan) in the same period in 2022.

Based on non-Non-GAAP, net profit for the quarter was $8.4 million (currently about 61.32 million yuan), compared with $9.8 million (currently about 71.54 million yuan) for the same period in 2022.

Diluted earnings per American depositary share are approximately $0.08 (currently about 0.584 yuan), compared with $0.09 for the same period in 2022 (currently about 0.657 yuan).

The cost of revenue was $58.1 million (currently about 424 million yuan), accounting for 55.7 percent of total revenue, compared with $44.3 million (currently about 323 million yuan) in the same period in 2022, accounting for 56.6 percent of total revenue.

In terms of membership business, the latest number of Q2 Thunderbolt members reached 4.72 million in 2023, an increase of 5.83% compared with the 4.46 million Q2 in 2022. The average revenue per member was 42.9 yuan, an increase of 5.1 yuan compared with 37.8 yuan for Q2 in 2022. Xunlei said that the higher average price per subscriber is mainly due to the continuous increase in the proportion of users who choose senior members.

In terms of cost, the bandwidth cost included in the revenue cost of Xunlei in this quarter was $28.9 million (currently about 211 million yuan), accounting for 27.7% of the total revenue, compared with $25.5 million (currently about 186 million yuan) in the same period in 2022, accounting for 32.6% of the total revenue. Xunlei said that the increase in bandwidth costs is mainly due to the increased demand for cloud computing services, and the remaining revenue costs mainly include revenue-sharing costs of live streaming business, fee payments and costs related to cloud computing hardware equipment.

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