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].

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]