Hello, review again provide the and for earnings everyone, of quarter Xunlei's revenue the joining of and XXXX. financial for details third Luhan. the Thank results fourth quarter XXXX I guidance you, call. our conference thanks will
in was audio For live live of generated operations streaming services from downsized the as this we XXXX, revenues our to The attributable our year. domestic June revenues million, revenues since decreased were the third streaming representing of have decrease total quarter mainly a decrease year-over-year. $XX.X X.X% total
an new the from computing computing Revenues was of cloud $XX.X revenues sales cloud mainly due devices. year-over-year. cloud in computing to The X.X% representing million, were increased increase generation hardware of increase
number revenues subscribers was increase a as due mainly higher and per our of and on subscription result subscriptions million, acquisition user average XX.X% in ongoing an Revenues were year-over-year. $XX.X from product improvement. an revenue of increase representing to efforts of increased The subscriber
with compared of September subscribers of X.XX number the X.XX due revenue quarter RMB as XX, users compared for The per with million subscriber in XX.X period XXXX, was revenue the for XXXX. XXXX. was premium continued million of increase average average opting to the mainly XX, the was same the per XXXX subscriber third of of The high September as of RMB The XX.X in membership. proportion
of Revenues year-over-year. representing from streaming in streaming revenues live decrease and of primarily operations. downsizing XX.X% IVAS domestic audio million, were The were live live $XX the a attributable our to decrease streaming other
as period of XXXX. the quarter same other Meanwhile, compared with in IVAS third revenues XXXX increased the of
opportunities towards teams of the the of streaming our working the live of diligently exploration businesses. mitigating Our business through on impact existing our downsizing optimization of audio new are our revenue continued and overall domestic
Cost or $XX.X decreased were million, the XXXX. XX.X% the live same the XX.X% our mainly costs of streaming, revenues cost the revenue revenues streaming revenues. The $XX.X sharing to million which total in revenues period of revenues live compared in of decline representing decrease of in of with total of with was attributable were consistent
total with was increase of $XX.X cost of or in our of revenues same due as costs The the million to in revenues in XXXX. million, XX.X% sharing representing the were of $XX.X cloud payment included consisted the mainly period costs bandwidth the mainly total XX.X% compared and cloud cost our revenues revenue remaining increased computing of of businesses. of revenues related The bandwidth devices. live handling computing fees usage driven subscription to streaming by costs and hardware of the for our development business, Bandwidth
has the increase a XXXX quarter for in same $XX.X the profit profit X.X% The quarter Gross of an third revenues profit driven compared of which XXXX. the decreased increase representing margin has was XX.X% domestic XXXX high well audio third XXXX. in proportion was proportion live from in of revenues, with gross gross of margin subscription streaming period increased was of gross lower profit million, and margin. of as same period profit Gross profit the XX.X% margin downsized as mainly by which gross
third or in of XX.X% during compared total development total period to the were representing The of XXXX quarter. of $XX.X the million, our revenues costs quarter $XX.X for primarily the and due XXXX. labor was incurred Research same XX.X% million increased our of increase revenues this with expenses
$X.X for or in to total the X.X% was revenues quarter out primarily same million with were marketing revenues total The expenses acquisition. of user period due XX.X% our the marketing carried $X.X representing of of activities the compared third our and of increase XXXX Sales increased million, XXXX. for
incurred representing million or onetime The expenses during of administrative of and our increase for total headquarters and increase total of compared period the $XX.X compensation the to revenues Xunlei X.X% General depreciation was XXXX. share-based same third $X.X the impairment building network in primarily our servers with this of due in XXXX quarter. and was of of revenues equipment, quarter million, XX.X%
the $X.X same $X.X The was an third period XXXX in operating Operating operating as of period quarter with XXXX. due same the loss income the of was the million, of to expenses of in increased XXXX. incurred with compared compared decrease million primarily
the XXXX. the Other previously income mainly XXXX. due net same in the probability business by related period with exchange increase as decrease payables $X.X disposed of certain foreign $X.X The of was payment million the period with with million, same was offset in to compared partially reversal compared of gains low to
certain of third The XXXX income million million in increased above. million depreciation reversal decrease $X of compared non-GAAP compared offset of labor period probability the of attributable XXXX. period $X.X in net net the as income XXXX. income was by same Non-GAAP costs with non-GAAP was $X.X in discussed million marketing expenses of low the income Net with partially income primarily was expenses, to net payment $X.X and the net the same with in payables and quarter
with approximately per Diluted XXXX. same XXXX of the in the $X.XX third as earnings in $X.XX quarter compared of period was ADS
September investments as short-term net June million, cash, million XX, net operating equivalents $XXX.X in share XXXX, spending had cash and cash company proceeds The equivalents bank but of and offset quarter. was XX, mainly of on to the compared due short-term partially cash, of this of during and from increase investments cash with by XXXX. borrowings, inflow As buybacks $XXX.X
that In June XXXX, the of up XX its over next has Directors million of of the authorized shares Board months. Xunlei to has $XX its repurchase announced
of company million program. repurchase on As buybacks of under September spent the share XX, approximately XXXX, the had share $X.X
to Turning revenue guidance. our
and our a domestic any streaming the change of change operations of the and could is For which affected. preliminary XXXX, range of due This as downsizing fourth of to estimate and release, between estimates Xunlei the to decrease subject a midpoint date management's is whereas the $XX view business, be business press the The live of the X.X%. represents decline material. and cloud million, total this of the quarter-over-quarter computing the $XX of of approximately to subscription not million be represents revenues impact quarter are
are we Operator, to call. conference the take for questions. remarks ready prepared conclude we Now
