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In the fourth quarter of 2024, Xunlei reported total revenue of $84.3 million, marking a 9.3% year-over-year increase. For the full fiscal year, total revenue amounted to $324 million, reflecting an 11.1% decrease from the previous year. Despite a dip in cloud computing revenue, Xunlei managed to achieve a GAAP net profit of $700,000 and a Non-GAAP net profit of $23.9 million for the year. Remarkably, the company's membership business attained an all-time high in the fourth quarter, with the total user base expanding to 6.38 million.
Li Jinbo, Chairman of Xunlei Group, emphasized that the company has achieved balanced growth across multiple business segments. The substantial increase in membership revenue underscores Xunlei's successful navigation between scaling up and pursuing sustainable development.
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