SHENZHEN, China, Oct. 19, 2018 (GLOBE NEWSWIRE) -- 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.
Xunlei 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.
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Source: Xunlei Limited