Exhibit 99.1 XUNLEI ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2023 Shenzhen, China, August 15, 2023 (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 second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights: · Total revenues were US$104.3 million, an increase of 33.3% year-over-year. · Cloud ...

Xunlei Limited (NASDAQ:XNET) Q1 2023 Earnings Conference Call May 16, 2023 8:00 AM ET Company Participants Luhan Tang - IR Manager Jinbo Li - Chairman & CEO Eric Zhou - CFO Operator Welcome, ladies and gentlemen, and thank you for your patience. You've joined Xunlei's 2023 First Quarter Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to turn the call over to the host, Investor Relations Manager, Ms. Luhan Tang. Please go ahead. ...

Revenue Growth - Total revenues increased from US$186.7 million in 2020 to US$342.6 million in 2022, representing a year-over-year growth of 83.5%[599] - Total revenue increased by 43.0% from US$239.6 million in 2021 to US$342.6 million in 2022, driven by growth in live streaming, cloud computing, and subscription services[635] - Revenues from live streaming and other internet value-added services surged to US$122.4 million in 2022, a 128.2% increase from 2021[614][615] - Subscription service revenue rose by 10.3% from US$91.2 million in 2021 to US$100.6 million in 2022, with the number of subscribers increasing from 4.39 million to 4.99 million[635] - Revenue from cloud computing services increased by 26.2% from US$94.8 million in 2021 to US$119.6 million in 2022, attributed to expanded service capabilities and higher demand[635] Revenue Sources - Subscription services contributed 29.4% of total revenue in 2022, down from 45.1% in 2020, indicating a shift in revenue sources[597][611] - Cloud computing services and products accounted for 34.9% of total revenue in 2022, with revenues increasing by 26.2% year-over-year to US$119.6 million[598][610] Operating Expenses - Total operating expenses rose to US$131.4 million in 2022, accounting for 38.4% of total revenue, compared to 52.0% in 2021[624] - Cost of revenues increased to US$200.1 million in 2022, which is 58.4% of total revenue, compared to 49.5% in 2021[634] - General and administrative expenses rose to US$39.7 million in 2022, accounting for 11.6% of total revenue, compared to 15.4% in 2021[624] - Payment handling charges increased significantly to US$6.5 million in 2022, representing 1.9% of total revenue[634] - The company expects an increase in costs related to live streaming services and payment handling charges due to expanded partnerships with third-party payment providers[620][621] Profitability - The net income attributable to Xunlei Limited was US$21.5 million in 2022, a significant recovery from a net loss of US$13.8 million in 2020[634] - Net income attributable to Xunlei Limited increased significantly from US$1.2 million in 2021 to US$21.5 million in 2022[642] - Gross profit increased by 17.7% from US$120.2 million in 2021 to US$141.4 million in 2022, while gross profit margin decreased by 8.9 percentage points to approximately 41.3%[638] Research and Development - The company plans to invest significantly in research and development to maintain technology leadership and improve cloud computing and mobile services[607][608] - Research and development expenses increased to US$67.7 million in 2022, representing 19.8% of total revenue, down from 25.8% in 2021[624] - Research and development expenses increased by 9.4% from US$61.9 million in 2021 to US$67.7 million in 2022[639] - As of December 31, 2022, the company had a team of 552 engineers, emphasizing its commitment to research and development[711] Cash and Investments - As of December 31, 2022, the company had $260.8 million in cash and cash equivalents and short-term investments[686] - The company anticipates that current cash and cash equivalents will be sufficient to meet cash needs for at least the next 12 months[690] - Net cash generated from operating activities amounted to US$51.1 million in 2022, primarily due to a net income of US$21.3 million[694] - Net cash used in investing activities amounted to US$11.8 million in 2022, primarily due to short-term investments and construction costs[698] Legal and Regulatory Risks - The company faces regulatory risks that could impact subscriber growth and revenue, necessitating ongoing compliance efforts[613] - The company has five lawsuits pending against it relating to alleged copyright infringement, with an aggregate amount of claimed damages of approximately RMB5.6 million (US$0.8 million)[683] - The company has accrued for US$0.6 million litigation-related expenses as of December 31, 2022, which is the most probable and reasonably estimable outcome[683] - The company has been involved in legal proceedings related to intellectual property claims, which may impact its business and reputation[784] Corporate Governance - The board of directors consists of seven directors, with one female and six male members[747] - The audit committee is responsible for overseeing accounting and financial reporting processes, including selecting the independent registered public accounting firm[750] - The compensation committee reviews and approves the total compensation package for executives, including long-term incentive compensation[751] - The company has entered into employment agreements with senior executive officers, allowing termination for cause with written notice[742] Employee Relations - The company has not experienced any material labor disputes since its inception, indicating strong employee relations[756] - The company participates in government-organized employee benefit plans, including pensions and medical benefits[756] - As of December 31, 2022, the company had 1,097 employees, with 786 in research and development, 168 in sales and marketing, and 143 in general administration[756] Shareholder Information - The total outstanding common shares as of March 31, 2023, were 323,775,666, with 170,358,310 shares (51.6%) owned by all directors and executive officers as a group[761] - Jinbo Li, the chairman and CEO, beneficially owns 139,711,519 common shares, representing 42.7% of total outstanding shares[761] - Itui International Inc. holds 133,018,479 common shares, accounting for 41.1% of total outstanding shares[761] - The company has granted stock options and restricted shares to management and key employees to provide equity incentives[756] Technology Development - The company entered into a technology development and software license framework agreement with Xunlei Computer, which includes specific terms for technology development projects[773] - For the years ended December 31, 2020, 2021, and 2022, Shenzhen Xunlei incurred fees of US$6.4 million, US$7.2 million, and US$4.0 million for technology development services and software licenses from Xunlei Computer[776] - In 2022, Xunlei recognized revenue of US$2.5 million from Shenzhen Xiaomi, with outstanding revenue amounting to US$1.4 million as of December 31, 2022[779] - Total cloud computing service revenue from Xiaomi Technology in 2022 was US$5.0 million, with outstanding revenue of US$1.9 million as of December 31, 2022[780]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number: 001-35224 Xunlei Limited 3709 Baishi Road Nanshan District, Shenzhen, 518000 The People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Fo ...

Xunlei Limited (NASDAQ:XNET) Q4 2022 Earnings Conference Call March 16, 2023 8:00 AM ET Company Participants Luhan Tang - IR Manager Jinbo Li - Chairman & CEO Eric Zhou - CFO Conference Call Participants Operator Welcome, ladies and gentlemen, and thank you for your patience. You've joined Xunlei's 2022 Fourth Quarter Earnings Conference Call. At this time all participants are in a listen-only mode. Please be advised that today's conference is being recorded. I would now like to turn the call over to the h ...

Xunlei Limited (NASDAQ:XNET) Q3 2022 Earnings Conference Call November 10, 2022 8:00 AM ET Company Participants Luhan Tang - Investor Relations Manager Jinbo Li - Chairman & Chief Executive Officer Eric Zhou - Chief Financial Officer Conference Call Participants Operator Welcome, ladies and gentlemen, and thank you for your patience. You've joined Xunlei's 2022 Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being ...

Xunlei Limited (NASDAQ:XNET) Q2 2022 Results Conference Call August 16, 2022 8:00 AM ET Company Participants Luhan Tang - Investor Relations Manager Eric Zhou - Chief Financial Officer Jinbo Li - Chairman & Chief Executive Officer Operator Welcome, ladies and gentlemen, and thank you for your patience. You've joined Xunlei's 2022 Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. I would now like to ...

Xunlei Limited (NASDAQ:XNET) Q1 2022 Earnings Conference Call May 17, 2022 8:00 AM ET Company Participants Jinbo Li - Chairman & Chief Executive Officer Eric Zhou - Chief Financial Officer Conference Call Participants Welcome ladies and gentlemen, and thank you for your patience. You’ve joined Xunlei’s 2022 First Quarter Earnings Conference Call. At this time, all participants are in the listen-only mode. Please be advised that today’s conference is being recorded. I would now like to turn the call over to ...