Xunlei Updates the Financial Guidance for the Third Quarter of 2018
October 19 2018 - 7:00AM
Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a
leading cloud-based bandwidth acceleration technology company in
China, today announced the Company made an adjustment to its
financial guidance for the third quarter of 2018, which was first
announced together with the Company’s second quarter earnings
release.
The new financial guidance suggests that the
total revenue for the third quarter of 2018 is estimated to be
between US$43 million and US$46 million. The
adjustment was made primarily due to lower than expected Onething
Cloud hardware sales during the off-peak season. In the third
quarter of 2018, the Company explored additional online and offline
sales channels. As of the end of the third quarter, the newly
explored channels were still in the early stage of operation and
had not yet generated significant sales.
The Company expects to report its unaudited
third quarter 2018 results in the third week of November
2018.
About XunleiXunlei Limited
("Xunlei") is a leading cloud-based bandwidth acceleration
technology company in China. Xunlei operates a powerful internet
platform in China based on cloud computing to provide users with
quick and easy access to digital media content through its core
products and services, Xunlei Accelerator and the cloud
acceleration subscription services. Xunlei is increasingly
extending into mobile devices in part through potentially
pre-installed acceleration products in mobile phones. Benefitting
from the large user base accumulated by Xunlei Accelerator, Xunlei
has further developed various value-added services to meet a fuller
spectrum of its users' digital media content access and consumption
needs.
Safe Harbor Statement
This press release contains statements of a
forward-looking nature. These statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, the management's quotations contain
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations, assumptions, estimates and projections about
the Company and the industry. Forward-looking statements involve
inherent risks and uncertainties, including but not limited to: the
Company's ability to continue to innovate and provide attractive
products and services to retain and grow its user base; the
Company's ability to keep up with technological developments and
users' changing demands in the internet industry; the Company's
ability to convert its users into subscribers of its premium
services; the Company's ability to deal with existing and potential
copyright infringement claims and other related claims; the
Company’s ability to react to the governmental actions for its
scrutiny of internet content in China and the Company's ability to
compete effectively. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results. Further
information regarding risks and uncertainties faced by the Company
is included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of the press release, and the Company undertakes
no obligation to update any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law.
Contact:
Investor Relations Xunlei Limited Email:
ir@xunlei.com Tel: +86 755 8633 8443 Website:
http://ir.xunlei.com
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