Mar. 12 at 10:44 AM
$XNET Total revenues were US
$462.4 million, representing an increase of 42.5% on a year-over-year basis. The increase in total revenues was mainly attributable to the increased revenues from all our businesses.
Revenues from subscription were US
$154.8 million, representing an increase of 15.8% on a year-over-year basis. The increase was mainly due to the increased demand of our subscription services.
Revenues from live-streaming and other IVAS were US
$170.2 million, representing an increase of 97.5% on a year-over-year basis. The increase in live-streaming and other IVAS was mainly due to the growth of our overseas audio live-streaming business as well as advertising business mainly as a result of the acquisition of Hupu.
Revenues from cloud computing were US
$137.4 million, representing an increase of 31.4% on a year-over-year basis. The increase was mainly attributable to the increased demand for our cloud computing services.
