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Xunlei ( NASDAQ: XNET ) has updated its revenue guidance for the second quarter of 2023 after fully assessing the impact of the downsizing of the Co.’s domestic live streaming business, which was previously announced.
The Co. estimates that the total revenues for the second quarter of 2023 will be between $101M and $106M, and the midpoint of the range represents a quarter-over-quarter increase of ~4.3%.