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2021-03-16
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Analysts have forecast console sales would decline next year.</p>\n<p>A series of marquee game releases is expected to drive software sales next fiscal year to 250 million units, far more than the record 205 million units forecast for the current year, according to the partners and suppliers, speaking anonymously as the plans are not public. Analysts have also projected software sales would fall next year.</p>\n<p>Some of the suppliers have been briefed while other partners established their own forecasts based on orders. A Nintendo spokesman declined to comment.</p>\n<p>The coronavirus outbreak was at first a brake and then an accelerant for Nintendo, choking its supply and logistics before triggering a demand surge with global lockdowns driving people to seek entertainment and escape. The company’s Animal Crossing: New Horizons turned into the ideal virtual hangout for stress relief, juicing Switch sales and hastening the transition from packaged software to digital downloads.</p>\n<p>“Nintendo will need to start the next fiscal year without Animal Crossing and the pandemic, but that will be offset by a much stronger blockbuster software lineup and new hardware,” Serkan Toto of game consultancy Kantan Games Inc. said.</p>\n<p><img src=\"https://static.tigerbbs.com/734c1556994283246788fd01850c4168\" tg-width=\"938\" tg-height=\"539\"></p>\n<p>Nintendo plans to release a revised version of the Switch in the latter half of this year with a larger and better display as well as upgraded graphics when the hybrid console is plugged into a TV set, Bloomberg News hasreported. The company makes some of the biggest blockbuster games on its platform, which contribute significantly to profit and also spur hardware adoption. Much of this year’s lineup of new games remains unannounced.</p>\n<p>The Switch and Switch Lite continue to sell well, due in part to poor supply of Sony Corp.’s PlayStation 5 and Microsoft Corp.’s Xbox SeriesX released in November, according to Astris Advisory Japan’s David Gibson. But the lack of visibility around Nintendo’s upcoming games slate has prompted skepticism about the company sustaining its recent success.</p>\n<p>“With or without an upgraded Switch, Nintendo’s hardware sales would probably decrease in the year from April,” according to Bloomberg Intelligence’s Matthew Kanterman.</p>\n<p><img src=\"https://static.tigerbbs.com/565d957713e17962aafd753a0f4cefc9\" tg-width=\"943\" tg-height=\"547\"></p>\n<p>Nintendo’s ability to fulfill demand for the Switch will be challenged by the same global chip supply bottleneck that has troubled its rivals. Beyond securing silicon from the likes of Taiwan Semiconductor Manufacturing Co., the Switch maker also faces scarcity of more generic parts like display driver integrated circuits and Bluetooth modules, people familiar with its operations said. Component suppliers said shortages would persist at least until June and the situation may not improve for the rest of the year.</p>\n<p>Makers of NAND flash memory -- the media on which packaged Switch software is sold -- are preparing more units for the coming fiscal year than they supplied in the current one, the people involved in the supply chain said. Software developers similarly are prioritizing the Switch for their upcoming game releases as the console is almost certain to surpass the 100 million units sold threshold, assuring a large audience of potential customers. Nintendo had sold 80 million Switch devices as of the end of 2020.</p>\n<p>Games announced for this year so far include several Pokémon titles and popular third-party games such as Fall Guys by Mediatonic. Though Nintendo’s release schedule for the second half of the year remains vacant, it delivered a positive surprise by announcing Splatoon 3 for 2022 last month, said Astris Advisory’s Gibson, indicating a strong games pipeline for the long term.</p>\n<p>“The Switch is in the middle of its life cycle,” Nintendo President Shuntaro Furukawa said in February.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nintendo Targets a Record Year in Switch, Game Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNintendo Targets a Record Year in Switch, Game Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 13:09 GMT+8 <a href=http://bloomberg.com/news/articles/2021-03-15/nintendo-is-said-to-target-record-year-in-switch-game-sales?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Partners expect game sales to top 250 million units next year\nHardware sales are projected to match current year’s or rise\n\nNintendo Co. is gearing up for record software and Switch sales in the ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-15/nintendo-is-said-to-target-record-year-in-switch-game-sales?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NTDOF":"Nintendo Co., Ltd.","NTDOY":"任天堂"},"source_url":"http://bloomberg.com/news/articles/2021-03-15/nintendo-is-said-to-target-record-year-in-switch-game-sales?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106980227","content_text":"Partners expect game sales to top 250 million units next year\nHardware sales are projected to match current year’s or rise\n\nNintendo Co. is gearing up for record software and Switch sales in the coming year, a much stronger performance than investors are projecting, according to the company’s partners and suppliers.\nKyoto-based Nintendo is planning for sales of its signature Switch game console to be flat or slightly higher in the fiscal year ending March 2022, boosted by the introduction of a version with an OLED display, according to executives at allies including component suppliers, software publishers and retailers. Analysts have forecast console sales would decline next year.\nA series of marquee game releases is expected to drive software sales next fiscal year to 250 million units, far more than the record 205 million units forecast for the current year, according to the partners and suppliers, speaking anonymously as the plans are not public. Analysts have also projected software sales would fall next year.\nSome of the suppliers have been briefed while other partners established their own forecasts based on orders. A Nintendo spokesman declined to comment.\nThe coronavirus outbreak was at first a brake and then an accelerant for Nintendo, choking its supply and logistics before triggering a demand surge with global lockdowns driving people to seek entertainment and escape. The company’s Animal Crossing: New Horizons turned into the ideal virtual hangout for stress relief, juicing Switch sales and hastening the transition from packaged software to digital downloads.\n“Nintendo will need to start the next fiscal year without Animal Crossing and the pandemic, but that will be offset by a much stronger blockbuster software lineup and new hardware,” Serkan Toto of game consultancy Kantan Games Inc. said.\n\nNintendo plans to release a revised version of the Switch in the latter half of this year with a larger and better display as well as upgraded graphics when the hybrid console is plugged into a TV set, Bloomberg News hasreported. The company makes some of the biggest blockbuster games on its platform, which contribute significantly to profit and also spur hardware adoption. Much of this year’s lineup of new games remains unannounced.\nThe Switch and Switch Lite continue to sell well, due in part to poor supply of Sony Corp.’s PlayStation 5 and Microsoft Corp.’s Xbox SeriesX released in November, according to Astris Advisory Japan’s David Gibson. But the lack of visibility around Nintendo’s upcoming games slate has prompted skepticism about the company sustaining its recent success.\n“With or without an upgraded Switch, Nintendo’s hardware sales would probably decrease in the year from April,” according to Bloomberg Intelligence’s Matthew Kanterman.\n\nNintendo’s ability to fulfill demand for the Switch will be challenged by the same global chip supply bottleneck that has troubled its rivals. Beyond securing silicon from the likes of Taiwan Semiconductor Manufacturing Co., the Switch maker also faces scarcity of more generic parts like display driver integrated circuits and Bluetooth modules, people familiar with its operations said. Component suppliers said shortages would persist at least until June and the situation may not improve for the rest of the year.\nMakers of NAND flash memory -- the media on which packaged Switch software is sold -- are preparing more units for the coming fiscal year than they supplied in the current one, the people involved in the supply chain said. Software developers similarly are prioritizing the Switch for their upcoming game releases as the console is almost certain to surpass the 100 million units sold threshold, assuring a large audience of potential customers. Nintendo had sold 80 million Switch devices as of the end of 2020.\nGames announced for this year so far include several Pokémon titles and popular third-party games such as Fall Guys by Mediatonic. Though Nintendo’s release schedule for the second half of the year remains vacant, it delivered a positive surprise by announcing Splatoon 3 for 2022 last month, said Astris Advisory’s Gibson, indicating a strong games pipeline for the long term.\n“The Switch is in the middle of its life cycle,” Nintendo President Shuntaro Furukawa said in February.","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572249185724220","authorId":"3572249185724220","authorIdStr":"3572249185724220","name":"xoxoll","avatar":"https://static.tigerbbs.com/8ed65c2962af2a6fbd414f4d6fe9e378","crmLevel":2,"crmLevelSwitch":0,"idStr":"3572249185724220"},"content":"Help me To comment and like","text":"Help me To comment and like","html":"Help me To comment and like"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325633620,"gmtCreate":1615892597960,"gmtModify":1704788030463,"author":{"id":"3573679334900110","authorId":"3573679334900110","authorIdStr":"3573679334900110","name":"笑哈哈哈哈","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573679334900110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/325633620","repostId":"1117282524","repostType":4,"repost":{"id":"1117282524","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615891436,"share":"https://ttm.financial/m/news/1117282524?lang=&edition=fundamental","pubTime":"2021-03-16 18:43","market":"us","language":"en","title":"Xunlei Q4 GAAP EPS of $0.07,Revenue of $50.3M (+4.1% Y/Y)","url":"https://stock-news.laohu8.com/highlight/detail?id=1117282524","media":"Tiger Newspress","summary":"(March 16)Xunlei reports Q4 results.\nXunlei Q4 GAAP EPS of $0.07.\nRevenue of $50.3M (+4.1% Y/Y)\n\nFou","content":"<p>(March 16)Xunlei reports Q4 results.</p>\n<p>Xunlei Q4 GAAP EPS of $0.07.</p>\n<p>Revenue of $50.3M (+4.1% Y/Y)</p>\n<p><img src=\"https://static.tigerbbs.com/382989b85c48923f54372ca4e0f548b2\" tg-width=\"1084\" tg-height=\"516\"></p>\n<p><b>Fourth Quarter 2020 Financial Highlights:</b></p>\n<ul>\n <li>Total revenues were US$50.3 million, representing an increase of 15.0% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Cloud computing and other internet value-added services (“Cloud computing and other IVAS”) revenues were US$25.9 million, representing an increase of 22.0% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Subscription revenues were US$20.7 million, representing an increase of 5.5% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Online advertising revenues consisting primarily of revenues from mobile advertising were US$3.8 million, representing an increase of 27.6% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Gross profit was US$26.8 million, representing an increase of 18.3% from the previous quarter, and gross margin was 53.3% in the fourth quarter, compared with 51.9% in the previous quarter.</li>\n</ul>\n<ul>\n <li>Net income was US$4.6 million in the fourth quarter, compared with a net loss of US$1.5 million in the previous quarter.</li>\n</ul>\n<ul>\n <li>Diluted earnings per ADS was approximately US$0.07 as compared with a loss of US$0.02 in the previous quarter.</li>\n</ul>\n<p><b>Fiscal Year Ended December 31, 2020 Financial Highlights:</b></p>\n<ul>\n <li>Total revenues were US$186.7 million, representing an increase of 3.0% from 2019.</li>\n <li>Cloud computing and other IVAS revenues were US$89.2 million, representing an increase of 6.0% from 2019.</li>\n</ul>\n<ul>\n <li>Subscription revenues were US$84.3 million, representing an increase of 3.4% from 2019.</li>\n</ul>\n<ul>\n <li>Online advertising revenues were US$13.2 million, representing a decrease of 15.6% from 2019.</li>\n</ul>\n<ul>\n <li>Gross profit was US$93.7 million, representing an increase of 16.1% from 2019, and gross margin was 50.2%, compared with 44.5% in the previous year.</li>\n</ul>\n<ul>\n <li>Net loss was US$14.1 million for fiscal year 2020, compared with a net loss of US$53.4 million for 2019.</li>\n</ul>\n<ul>\n <li>Diluted loss per ADS in 2020 was US$0.21, compared with a loss of US$0.79 in the previous year.</li>\n</ul>\n<p>Mr.Jinbo Li, Chairman and Chief Executive Officer of Xunlei, stated that, “We closed 2020 with a strong fourth quarter, completing a year of transition and progresses by outperforming our revenue guidance and achieving profitability in the quarter. The successful execution of our strategic focus on our core competitiveness and operational optimization is paying off with excellent results in all key operating and financial metrics. We are pleased to report a 15.0% quarter-over-quarter growth in our total revenues and a net income of $4.6 million in the fourth quarter.”</p>\n<p>“In 2020, we focused on optimizing our product features to improve user experiences and enhance our long-term competitiveness. Especially, we continued expansion of our cloud computing service capabilities with a growing and diversified enterprise client base. We also furthered our endeavor to improve blockchain technology and explored its applications by cooperating with higher learning institutions and other entities.”</p>\n<p>“Looking forward, we have high expectations for 2021 and anticipate it will be a year of continued progresses and accomplishments. We are thrilled that the construction of our long-waited Xunlei headquarters building will soon be completed and we’ll immediately start to prepare for operations. The completion of Xunlei building will release us from a significant capital commitment and allow us to allocate additional resources for business development. Our goal is to continue product innovation and seek breakthroughs in our business development. In particular, we will continue to develop our decentralized digital database technology and computing paradigm and explore game-changing applications. We will also develop differentiated short-video products and set sights on selected international markets. With approximately $255.1 million cash, cash equivalents and short-term investments on hand, we believe our solid balance sheet will put us in a strong position to finance growth and capture new opportunities,” concluded Mr.Jinbo Li.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xunlei Q4 GAAP EPS of $0.07,Revenue of $50.3M (+4.1% Y/Y)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXunlei Q4 GAAP EPS of $0.07,Revenue of $50.3M (+4.1% Y/Y)\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-16 18:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 16)Xunlei reports Q4 results.</p>\n<p>Xunlei Q4 GAAP EPS of $0.07.</p>\n<p>Revenue of $50.3M (+4.1% Y/Y)</p>\n<p><img src=\"https://static.tigerbbs.com/382989b85c48923f54372ca4e0f548b2\" tg-width=\"1084\" tg-height=\"516\"></p>\n<p><b>Fourth Quarter 2020 Financial Highlights:</b></p>\n<ul>\n <li>Total revenues were US$50.3 million, representing an increase of 15.0% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Cloud computing and other internet value-added services (“Cloud computing and other IVAS”) revenues were US$25.9 million, representing an increase of 22.0% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Subscription revenues were US$20.7 million, representing an increase of 5.5% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Online advertising revenues consisting primarily of revenues from mobile advertising were US$3.8 million, representing an increase of 27.6% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Gross profit was US$26.8 million, representing an increase of 18.3% from the previous quarter, and gross margin was 53.3% in the fourth quarter, compared with 51.9% in the previous quarter.</li>\n</ul>\n<ul>\n <li>Net income was US$4.6 million in the fourth quarter, compared with a net loss of US$1.5 million in the previous quarter.</li>\n</ul>\n<ul>\n <li>Diluted earnings per ADS was approximately US$0.07 as compared with a loss of US$0.02 in the previous quarter.</li>\n</ul>\n<p><b>Fiscal Year Ended December 31, 2020 Financial Highlights:</b></p>\n<ul>\n <li>Total revenues were US$186.7 million, representing an increase of 3.0% from 2019.</li>\n <li>Cloud computing and other IVAS revenues were US$89.2 million, representing an increase of 6.0% from 2019.</li>\n</ul>\n<ul>\n <li>Subscription revenues were US$84.3 million, representing an increase of 3.4% from 2019.</li>\n</ul>\n<ul>\n <li>Online advertising revenues were US$13.2 million, representing a decrease of 15.6% from 2019.</li>\n</ul>\n<ul>\n <li>Gross profit was US$93.7 million, representing an increase of 16.1% from 2019, and gross margin was 50.2%, compared with 44.5% in the previous year.</li>\n</ul>\n<ul>\n <li>Net loss was US$14.1 million for fiscal year 2020, compared with a net loss of US$53.4 million for 2019.</li>\n</ul>\n<ul>\n <li>Diluted loss per ADS in 2020 was US$0.21, compared with a loss of US$0.79 in the previous year.</li>\n</ul>\n<p>Mr.Jinbo Li, Chairman and Chief Executive Officer of Xunlei, stated that, “We closed 2020 with a strong fourth quarter, completing a year of transition and progresses by outperforming our revenue guidance and achieving profitability in the quarter. The successful execution of our strategic focus on our core competitiveness and operational optimization is paying off with excellent results in all key operating and financial metrics. We are pleased to report a 15.0% quarter-over-quarter growth in our total revenues and a net income of $4.6 million in the fourth quarter.”</p>\n<p>“In 2020, we focused on optimizing our product features to improve user experiences and enhance our long-term competitiveness. Especially, we continued expansion of our cloud computing service capabilities with a growing and diversified enterprise client base. We also furthered our endeavor to improve blockchain technology and explored its applications by cooperating with higher learning institutions and other entities.”</p>\n<p>“Looking forward, we have high expectations for 2021 and anticipate it will be a year of continued progresses and accomplishments. We are thrilled that the construction of our long-waited Xunlei headquarters building will soon be completed and we’ll immediately start to prepare for operations. The completion of Xunlei building will release us from a significant capital commitment and allow us to allocate additional resources for business development. Our goal is to continue product innovation and seek breakthroughs in our business development. In particular, we will continue to develop our decentralized digital database technology and computing paradigm and explore game-changing applications. We will also develop differentiated short-video products and set sights on selected international markets. With approximately $255.1 million cash, cash equivalents and short-term investments on hand, we believe our solid balance sheet will put us in a strong position to finance growth and capture new opportunities,” concluded Mr.Jinbo Li.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XNET":"迅雷"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117282524","content_text":"(March 16)Xunlei reports Q4 results.\nXunlei Q4 GAAP EPS of $0.07.\nRevenue of $50.3M (+4.1% Y/Y)\n\nFourth Quarter 2020 Financial Highlights:\n\nTotal revenues were US$50.3 million, representing an increase of 15.0% from the previous quarter.\n\n\nCloud computing and other internet value-added services (“Cloud computing and other IVAS”) revenues were US$25.9 million, representing an increase of 22.0% from the previous quarter.\n\n\nSubscription revenues were US$20.7 million, representing an increase of 5.5% from the previous quarter.\n\n\nOnline advertising revenues consisting primarily of revenues from mobile advertising were US$3.8 million, representing an increase of 27.6% from the previous quarter.\n\n\nGross profit was US$26.8 million, representing an increase of 18.3% from the previous quarter, and gross margin was 53.3% in the fourth quarter, compared with 51.9% in the previous quarter.\n\n\nNet income was US$4.6 million in the fourth quarter, compared with a net loss of US$1.5 million in the previous quarter.\n\n\nDiluted earnings per ADS was approximately US$0.07 as compared with a loss of US$0.02 in the previous quarter.\n\nFiscal Year Ended December 31, 2020 Financial Highlights:\n\nTotal revenues were US$186.7 million, representing an increase of 3.0% from 2019.\nCloud computing and other IVAS revenues were US$89.2 million, representing an increase of 6.0% from 2019.\n\n\nSubscription revenues were US$84.3 million, representing an increase of 3.4% from 2019.\n\n\nOnline advertising revenues were US$13.2 million, representing a decrease of 15.6% from 2019.\n\n\nGross profit was US$93.7 million, representing an increase of 16.1% from 2019, and gross margin was 50.2%, compared with 44.5% in the previous year.\n\n\nNet loss was US$14.1 million for fiscal year 2020, compared with a net loss of US$53.4 million for 2019.\n\n\nDiluted loss per ADS in 2020 was US$0.21, compared with a loss of US$0.79 in the previous year.\n\nMr.Jinbo Li, Chairman and Chief Executive Officer of Xunlei, stated that, “We closed 2020 with a strong fourth quarter, completing a year of transition and progresses by outperforming our revenue guidance and achieving profitability in the quarter. The successful execution of our strategic focus on our core competitiveness and operational optimization is paying off with excellent results in all key operating and financial metrics. We are pleased to report a 15.0% quarter-over-quarter growth in our total revenues and a net income of $4.6 million in the fourth quarter.”\n“In 2020, we focused on optimizing our product features to improve user experiences and enhance our long-term competitiveness. Especially, we continued expansion of our cloud computing service capabilities with a growing and diversified enterprise client base. We also furthered our endeavor to improve blockchain technology and explored its applications by cooperating with higher learning institutions and other entities.”\n“Looking forward, we have high expectations for 2021 and anticipate it will be a year of continued progresses and accomplishments. We are thrilled that the construction of our long-waited Xunlei headquarters building will soon be completed and we’ll immediately start to prepare for operations. The completion of Xunlei building will release us from a significant capital commitment and allow us to allocate additional resources for business development. Our goal is to continue product innovation and seek breakthroughs in our business development. In particular, we will continue to develop our decentralized digital database technology and computing paradigm and explore game-changing applications. We will also develop differentiated short-video products and set sights on selected international markets. With approximately $255.1 million cash, cash equivalents and short-term investments on hand, we believe our solid balance sheet will put us in a strong position to finance growth and capture new opportunities,” concluded Mr.Jinbo Li.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315891028,"gmtCreate":1612228426464,"gmtModify":1704868459011,"author":{"id":"3573679334900110","authorId":"3573679334900110","authorIdStr":"3573679334900110","name":"笑哈哈哈哈","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573679334900110"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/315891028","repostId":"2108271388","repostType":4,"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","authorIdStr":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317684300,"gmtCreate":1612445524700,"gmtModify":1704871291240,"author":{"id":"3573679334900110","authorId":"3573679334900110","authorIdStr":"3573679334900110","name":"笑哈哈哈哈","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573679334900110"},"themes":[],"htmlText":"Hahah","listText":"Hahah","text":"Hahah","images":[{"img":"https://static.tigerbbs.com/3196d50653f089355bda4954a39a205c","width":"1125","height":"3335"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317684300","isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}
