Market Capitalization Overview - The market capitalization of TAL Education Group is 14.95 billion, while Vipshop Holdings has a market cap of 9.21 billion [2] - Other companies such as Miniso and Qifu Technology have market caps of 7.77 billion and 6.33 billion respectively [2] - The market cap of various companies shows a range from 5.22 million to 149.53 billion, indicating a diverse market landscape [2] Stock Performance - TAL Education Group's stock increased by 1.64 (+1.55%), while Vipshop's stock rose by 0.07 (+1.88%) [2] - Miniso's stock saw a significant increase of 1.24 (+6.99%), indicating strong market performance [2] - Companies like Huya and Yiren Digital experienced slight declines in their stock prices, with decreases of -0.03 (-0.81%) and -0.10 (-0.96%) respectively [2] Comparative Analysis - The comparison of market caps shows that TAL Education Group leads with 14.95 billion, followed by Vipshop and Miniso [2] - The performance of stocks varies significantly, with some companies like Miniso showing robust growth compared to others that faced declines [2] - The data indicates a competitive environment among these companies, with varying degrees of market success and stock performance [2]

Financial Data and Key Metrics Changes - The company reported Q1 2025 total revenues of $88.8 million, reflecting a year-over-year growth of 10.5% [7][13] - Subscription revenue increased by 7.7% year-over-year to $35.7 million, with the total number of subscribers growing by 5% to 6.04 million [7][14] - Cloud computing revenue declined by 18% year-over-year to $24.7 million due to heightened competition and pricing pressures [10][15] - Gross profit for Q1 2025 was $44.1 million, a 2.9% increase year-over-year, but the gross profit margin decreased to 49.7% from 53.3% [16] - The company reported a net loss of $0.9 million compared to a net income of $3.6 million in the same period of 2024 [19] Business Line Data and Key Metrics Changes - Subscription business revenue increased, driven by a higher number of subscribers and a greater proportion of premium subscribers [7][14] - Live streaming and other services revenue surged by 66% year-over-year to $28.4 million, primarily due to overseas audio live streaming growth [8][15] - The cloud computing segment faced challenges, leading to a significant revenue decline [10][15] Market Data and Key Metrics Changes - Overseas audio live streaming revenue increased by 79.2% year-over-year, indicating successful adaptation to international markets [9] - The company is focusing on expanding its presence in overseas regions through targeted marketing strategies [10] Company Strategy and Development Direction - The company aims to foster growth through innovation and is exploring business restructuring opportunities [11] - An acquisition of Hupu was announced to expand market presence and diversify service offerings [11] - Development of AI-driven applications is underway, leveraging large language models to broaden the product portfolio [11] Management Comments on Operating Environment and Future Outlook - Management acknowledged significant challenges in the cloud computing business due to competition and pricing pressures [10] - The company is committed to addressing these challenges and minimizing their impact on overall performance [10] - Revenue guidance for Q2 2025 is estimated to be between $91 million and $96 million, representing a quarter-over-quarter increase of approximately 5.3% [21] Other Important Information - The company had cash, cash equivalents, and short-term investments of $274.6 million as of March 31, 2025, down from $287.5 million a year earlier [20] - A new share repurchase program was authorized, with $6.5 million spent on buybacks as of March 31, 2025 [20] Q&A Session Summary Question: What AI products is the company developing? - The company is developing several AI-driven applications, including an AI-powered photo editing tool and an AI integrated toolbar solution, currently in testing [23][24]

Financial Data and Key Metrics Changes - The company reported Q1 2025 total revenues of $88.8 million, reflecting a year-over-year growth of 10.5% [6][12] - Subscription revenue increased by 7.7% year-over-year to $35.7 million, with the total number of subscribers growing by 5% to 6.04 million [6][13] - Revenue from cloud computing declined by 18% year-over-year to $24.7 million due to heightened competition and pricing pressures [9][14] - Gross profit for Q1 2025 was $44.1 million, representing a 2.9% increase year-over-year, while gross profit margin decreased to 49.7% from 53.3% [15] - The company reported a net loss of $0.9 million compared to a net income of $3.6 million in the same period of 2024 [17] Business Line Data and Key Metrics Changes - Subscription business revenue increased to $35.7 million, driven by a rise in the number of subscribers [12][13] - Live streaming and other services revenue surged by 66% year-over-year to $28.4 million, primarily due to overseas audio live streaming growth [7][14] - Cloud computing revenue faced a significant decline, attributed to reduced sales and increased competition [9][14] Market Data and Key Metrics Changes - The overseas audio live streaming revenue increased by 79.2% year-over-year, indicating successful adaptation to international markets [7][8] - The company has intensified its focus on overseas markets, customizing services to align with regional preferences [8] Company Strategy and Development Direction - The company aims to foster growth through innovation and is exploring business restructuring opportunities [10] - An acquisition of Hupu was announced to expand market presence and diversify service offerings [10] - Development of AI-driven applications is underway, leveraging large language models to broaden the product portfolio [10][21] Management Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the cloud computing sector due to competition and pricing pressures [9] - The company anticipates a pivotal year in 2025, focusing on enhancing user value and generating sustainable long-term value for shareholders [11] Other Important Information - As of March 31, 2025, the company had cash and short-term investments of $274.6 million, a decrease from $287.5 million a year earlier [18] - The company has authorized a share repurchase plan of up to $20 million, with $6.5 million spent on buybacks as of March 31, 2025 [18] Q&A Session Summary Question: What AI products is the company developing? - The company is developing several AI-driven applications, including an AI-powered photo editing tool and an AI-integrated toolbar solution, currently in testing [21][22]

Exhibit 99.1 XUNLEI ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2025 Shenzhen, China, May 15, 2025 (GLOBE NEWSWIRE) - Xunlei Limited ("Xunlei" or the "Company") (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights: "Our quarterly revenue was in line with our expectations, and we achieved consistent top-line ...

Core Viewpoint - The company reported a total revenue of $88.8 million for Q1, reflecting a year-over-year growth of 10.5% driven by increased revenue from membership services and overseas live streaming services [1] Financial Performance - Total revenue for Q1 was $88.8 million, which is a 10.5% increase compared to the previous year [1] - Gross profit reached $44.1 million, showing a growth of 2.9% year-over-year, primarily due to increased gross profit from overseas live streaming and membership services [1] - The company reported a net loss of $0.9 million under GAAP for the quarter, while the non-GAAP net profit was $0.1 million [1]

Core Viewpoint - Xunlei Limited reported a 10.5% year-over-year increase in total revenues for Q1 2025, driven by growth in subscription and live-streaming services, while facing challenges in cloud computing revenues [3][4][6]. Financial Highlights - Total revenues reached US$88.8 million, a 10.5% increase year-over-year [4][7]. - Subscription revenues were US$35.7 million, up 7.7% year-over-year, with the number of subscribers increasing to 6.04 million from 5.76 million [5][7]. - Live-streaming and other services generated US$28.4 million, reflecting a significant 66.0% year-over-year growth [6][7]. - Cloud computing revenues decreased by 18.0% year-over-year to US$24.7 million, attributed to reduced sales and increased competition [6][7][8]. Profitability Metrics - Gross profit was US$44.1 million, a 2.9% increase year-over-year, with a gross profit margin of 49.7%, down from 53.3% in the previous year [7][12]. - The company reported a net loss of US$0.9 million, compared to a net income of US$3.6 million in Q1 2024 [7][18]. - Non-GAAP net income was US$0.1 million, down from US$4.5 million in the same period last year [7][18]. Expenses Overview - Research and development expenses were US$18.7 million, accounting for 21.1% of total revenues, an increase from 22.0% in Q1 2024 [13]. - Sales and marketing expenses rose to US$15.5 million, representing 17.5% of total revenues, up from 12.5% in the same period last year [14]. - General and administrative expenses were US$11.8 million, slightly down from 13.9% of total revenues in Q1 2024 [15]. Cash Position and Share Repurchase - As of March 31, 2025, the company had cash, cash equivalents, and short-term investments totaling US$274.6 million, down from US$287.5 million at the end of 2024 [20]. - The company has initiated a share repurchase program, spending US$6.5 million as of March 31, 2025, with US$0.9 million spent in Q1 2025 [21]. Future Guidance - For Q2 2025, Xunlei estimates total revenues to be between US$91 million and US$96 million, indicating a quarter-over-quarter increase of approximately 5.3% [22].

Market Capitalization Overview - The market capitalizations of various companies are listed, with notable figures including 74.11 billion, 88.55 billion, and 76.47 billion [2] - Companies such as SON, VIPS, and TAL have market caps of 72.19 billion, 60.28 billion, and 55.72 billion respectively [2] Stock Performance - Stock price changes are highlighted, with SON showing a decrease of 0.95 (-1.99%) while VIPS increased by 0.15 (+0.85%) [2] - Other companies like TAL and Lufax also experienced minor fluctuations, with TAL decreasing by 0.04 (-0.49%) and Lufax increasing by 0.96 (+3.75%) [2] Additional Company Insights - Companies such as Huya and Yatsen have market caps of 8.06 billion and 3.27 billion respectively, with stock price changes of -0.03 (-0.77%) and 0.00 (0.00%) [2] - The performance of companies like New Oxygen and Huami Technology is also noted, with market caps of 83.07 million and 37.63 million, showing no change in stock price [3] Summary of Smaller Companies - Smaller companies like Tuniu and Cheetah Mobile have market caps of 1.08 billion and 1.17 billion respectively, with Tuniu experiencing a slight decrease of -0.01 (-1.20%) [3] - The market cap of Baosheng E-commerce is reported at 2.02 billion, with a stock price increase of 0.17 (+5.18%) [3]

Core Viewpoint - Xunlei Limited plans to release its unaudited financial results for the first quarter ended March 31, 2025, on May 15, 2025, before market open [1] Financial Results Announcement - The earnings press release will be available on the Company's investor relations page [1] - A conference call will be hosted by Xunlei's management at 8:00 a.m. U.S. Eastern Time on May 15, 2025, to discuss quarterly results and recent business developments [2] Conference Call Details - Participants must register online to join the conference call and should dial in 10 minutes before the scheduled start [3] - A live audio webcast of the conference call will be available on the investor relations page [4] - An archive of the call will be accessible after the conference [4] Company Overview - Founded in 2003, Xunlei Limited is a leading technology company providing distributed cloud services in China [4] - The company offers a wide range of products and services, including cloud acceleration, shared cloud computing, and digital entertainment [4]

Core Viewpoint - Xunlei Limited has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC, indicating ongoing compliance and transparency in its financial reporting [1]. Company Overview - Xunlei Limited, founded in 2003, is a leading technology company in China that provides distributed cloud services [2]. - The company offers a diverse range of products and services, including cloud acceleration, shared cloud computing, and digital entertainment, aimed at delivering an efficient, smart, and safe internet experience [2].

Share Structure and Financial Performance - As of December 31, 2024, the company had 307,351,196 common shares outstanding, excluding 56,761,315 shares reserved for incentive plans and 10,889,429 shares held by Leading Advice Holdings Limited[14]. - For the year ended December 31, 2024, Xunlei Limited reported third-party total revenues of $324.4 million, a decrease from $364.9 million in 2023, reflecting a decline of approximately 11%[48]. - The net income attributable to Xunlei Limited for the year ended December 31, 2024, was $1.215 million, compared to $14.225 million in 2023, indicating a significant decrease of about 91%[48]. - The total assets of Xunlei Limited as of December 31, 2024, were $473.901 million, compared to $473.901 million in 2023, indicating stability in asset levels[50]. - The total liabilities of Xunlei Limited as of December 31, 2024, were $156.116 million, a decrease from $164.685 million in 2023, indicating improved liability management[50]. - The company’s other subsidiaries reported a profit of $8.137 million for the year ended December 31, 2024, compared to a profit of $6.153 million in 2023, showing growth in subsidiary performance[48]. Revenue Sources and Business Operations - Revenues contributed by the variable interest entity accounted for 88.1%, 90.7%, and 79.1% of total revenues in 2022, 2023, and 2024, respectively[31]. - The company operates primarily through a variable interest entity due to PRC regulations restricting foreign ownership in certain sectors[31]. - The company relies on contractual arrangements with its variable interest entity and its shareholders to control business operations, which may not be as effective as ownership[32]. - The company anticipates potential risks from evolving regulations in China that could impact its ability to conduct business and offer securities[40]. - The company emphasizes the importance of maintaining and strengthening its market position in China amid competition and regulatory challenges[27]. Regulatory Compliance and Licensing - The company has obtained necessary licenses for its operations, including the Value-added Telecommunication Services License and Online Culture Operation Permit, but faces uncertainties regarding future licensing requirements[39]. - The company is in the process of renewing its Internet Publishing Services License, which expired on September 17, 2022, and has re-submitted required documents for review in October 2023[39]. - The company has not received any administrative penalties or fines related to its operations without an effective Internet Publishing Services License as of the date of the report[39]. - The company faces significant risks related to compliance with evolving laws and regulations governing blockchain products and services in China[64]. - The company is subject to complex and evolving PRC and international laws regarding data privacy and cybersecurity, which could result in claims and penalties if not complied with[120]. Cash Flow and Financial Management - As of December 31, 2024, Xunlei Limited had cash and cash equivalents totaling $177.329 million, an increase from $110.209 million in 2023[50]. - The company reported a net cash generated from operating activities of $30.976 million for the year ended December 31, 2024[55]. - The company reported third-party costs of revenues of $155.567 million for the year ended December 31, 2024, compared to $200.649 million in 2023, reflecting a decrease of approximately 22%[48]. - The company has not declared or paid any cash dividends and intends to retain most of its available funds for business development[43]. - The company may not be able to generate sufficient cash from operations to meet capital requirements for ongoing development strategies[137]. Strategic Initiatives and Market Position - The company has a significant focus on developing new products and services to attract and monetize user traffic[27]. - The company launched cloud computing products and services in recent years, indicating a shift in its business model towards new technologies[67]. - The company established a global technology center in Hong Kong in November 2024 to enhance technological research and development, which may include an AI laboratory and investment incubator[70]. - The company is exploring opportunities in overseas markets, particularly in the Middle East, Southeast Asia, South Asia, and North Africa[87]. - The company has implemented a comprehensive incentive mechanism to motivate broadcasters to deliver engaging content, crucial for the success of its audio live-streaming services[108]. Risks and Challenges - The company faces heightened risks of intellectual property infringement claims due to evolving regulations in various jurisdictions[85]. - The company may face significant administrative burdens and litigation risks due to the interpretation of internet dissemination rights in China[85]. - The company may struggle to fulfill all regulatory requirements or maintain existing licenses, impacting its ability to conduct business in China[215]. - The complexity of PRC regulations on internet businesses increases the risk of potential violations, which could adversely affect the company's operations[215]. - A prolonged economic downturn could lead to reduced advertising and lower purchasing power, adversely affecting the company’s business and financial condition[171]. Acquisitions and Investments - The company entered into a definitive agreement to acquire Shanghai Kuanghui Network Technology Co., Ltd. for a total cash consideration of RMB500 million, expected to close in the first half of 2025[112]. - Shanghai Kuanghui was fined in 2024 for failing to manage illegal content, and the company will assume responsibility for content review and management post-acquisition[112]. - The company may incur significant expenses in obtaining necessary approvals for investments and acquisitions, which could divert resources from existing operations[167]. - The company has transferred 30% of the equity interests in Shenzhen Onething Technologies Co., Ltd. to certain plan participants at nominal costs[159]. Shareholder and Corporate Governance - The company’s internal control over financial reporting was evaluated as effective as of December 31, 2024, by both management and independent auditors[175]. - Any conflicts of interest among shareholders of Shenzhen Xunlei may adversely affect the company's business operations[188][189]. - The amended PRC Company Law, effective July 1, 2024, introduces new requirements on corporate governance and capital contributions, which may increase compliance costs[206]. - The company may face risks associated with strategic alliances, including sharing proprietary information and potential nonperformance by counterparties[165]. - The company’s ability to attract and retain key personnel is critical, and losing key executives could impair its business strategy[162].