XNET
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Earnings documents stored for XNET.
Investor releaseQuarter not tagged2026-05-28Xunlei Ltd (XNET) Q1 2026 Earnings Call Highlights: Surging Revenues Amid Strategic Expansion
GuruFocus.com
Xunlei Ltd (XNET) Q1 2026 Earnings Call Highlights: Surging Revenues Amid Strategic Expansion
This article first appeared on GuruFocus. Total Revenue: $98.6 million, a 54.1% increase year-over-year. Subscription Revenue: $45 million, a 26.4% increase year-over-year. Live Streaming and Other Services Revenue: $53.6 million, an 89.3% increase year-over-year. Cost of Revenues: $14.4 million, representing 41% of total revenues. Gross Profit: $57.7 million. Gross Margin: 58.5%, down from 61.9% in the prior-year quarter. R&D Expenses: $20.2 million, 20.4% of total revenues. Sales and Marketing Expenses: $22.4 million, 22.8% of total revenues. G&A Expenses: $10.9 million, 8.5% of total revenues. Operating Income: $4.3 million, compared to an operating loss of $1 million in the prior year period. Net Other Loss: $195.1 million, compared to net other income of $1.1 million in Q1 2025. Net Loss from Continuing Operations: $192.4 million, compared to a net loss of $0.2 million in Q1 2025. Non-GAAP Net Income from Continuing Operations: $4.1 million, up from $0.9 million in the prior year period. Cash, Cash Equivalents, and Short-term Investments: $303.6 million as of March 31, 2026. Warning! GuruFocus has detected 5 Warning Signs with XNET. Is XNET fairly valued? Test your thesis with our free DCF calculator. Release Date: May 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Xunlei Ltd (NASDAQ:XNET) reported a significant 54.1% year-over-year increase in total revenue for Q1 2026, reaching $98.6 million. The subscription business generated $45 million in revenue, marking a 26.2% year-over-year increase, driven by enhanced premium subscription experiences and strategic partnerships. The overseas audio live streaming business saw an 89.3% year-over-year revenue increase, reaching $53.6 million, highlighting successful expansion in emerging markets like Southeast Asia and the Middle East. The company achieved a gross profit of $57.7 million, reflecting strong performance in its core businesses. Xunlei Ltd (NASDAQ:XNET) reported a positive operating income of $4.3 million, a significant improvement from an operating loss in the prior year period. The gross margin declined to 58.5% from 61.9% in the prior-year quarter due to a structural mix change, with live streaming accounting for a larger share of total revenues. The company recorded a net other loss of $195.1 million, primarily due to fair value chang...
Investor releaseQuarter not tagged2026-05-28Xunlei Announces Unaudited Financial Results for the First Quarter Ended March 31, 2026
GlobeNewswire
Xunlei Announces Unaudited Financial Results for the First Quarter Ended March 31, 2026
SHENZHEN, China, May 28, 2026 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights (results presented herein exclude Shenzhen Onething, discontinued operations, unless specified otherwise1) Total revenues were US$98.6million, representing an increase of 54.1% year-over-year. Subscription revenues were US$45.0 million, representing an increase of 26.2% year-over-year. Live-streaming and other services revenues were US$53.6 million, representing an increase of 89.3% year-over-year. Gross profit was US$57.7 million, representing an increase of 45.8% year-over-year, and gross profit margin was 58.5% in the first quarter, compared with 61.9% in the same period of 2025. Net loss from continuing operations was US$192.4 million in the first quarter, compared with net loss of US$0.2 million in the same period of 2025. Non-GAAP net income2 from continuing operations was US$4.1 million in the first quarter, compared with non-GAAP net income of US$0.9 million in the same period of 2025. Diluted loss per ADS from continuing operations was US$3.06 in the first quarter, compared with diluted earnings per ADS of US$0.00 in the same period of 2025. Non-GAAP diluted earnings per ADS3 from continuing operations were US$0.07 in the first quarter, compared with non-GAAP diluted earnings per ADS of US$0.02 in the same period of 2025. "In the first quarter, we witnessed meaningful growth, strategic evolution, and strong momentum across Xunlei. We refined our organizational structure to better serve both our teams and users, while concentrating our focus on a user-centered, direct-to-consumer business model", said Mr. Jinbo Li, Chairman and CEO of Xunlei. "We are proud to report total revenue growth of 54.1% year over year—a clear testament to the collaborative progress driving every part of our business. Our subscription business rose 26.2% year over year, fueled by steady user growth and tangible product experience improvements. Meanwhile, our overseas audio live-streaming business continued its rapid expansion, with revenue increasing significantly by 89.3% year over year. This performance reflects not only our team’s agility in product iteration an...
Investor releaseQuarter not tagged2026-05-28Xunlei Q1 Earnings Call Highlights
MarketBeat
Xunlei Q1 Earnings Call Highlights
Interested in Xunlei Limited? Here are five stocks we like better. Revenue surged 54.1% year over year to $98.6 million in Q1 2026, driven mainly by subscription services and overseas audio live streaming, even as Xunlei’s restructuring removed its cloud computing business from consolidated results. Operating performance improved, with operating income rising to $4.3 million from an operating loss of $1 million a year earlier. Gross profit increased 45.1%, though margins were pressured by the larger share of lower-margin live streaming revenue. Net results were heavily hit by investment losses, as Xunlei posted a $192.4 million net loss from continuing operations due largely to fair-value changes on its stake in Arashi Vision. The company ended the quarter with $303.6 million in cash and said it is monitoring regulatory and litigation risks. Xunlei (NASDAQ:XNET) reported a sharp increase in first-quarter 2026 revenue as growth in subscription services and overseas audio live streaming offset the effects of a recent restructuring that removed its cloud computing business from consolidated results. On the company’s earnings call, Investor Relations Manager Luhan Tang said the financial results discussed excluded discontinued operations. Chairman and CEO Jinbo Li described the quarter as “a transformative period” for Xunlei, citing disciplined execution, a completed corporate restructuring and a sharper focus on consumer-facing, or “To C,” operations. → Rocket Lab Keeps Making Headlines and Highs—Here's What's Driving the Latest Move Total revenue for the quarter was $98.6 million, up 54.1% from the prior-year period. Management said the increase was driven primarily by subscription services and the company’s overseas audio live streaming business. Li said Xunlei’s subscription business remained a “stable cornerstone,” generating $45 million in revenue during the quarter, a 26.2% year-over-year increase. He attributed the growth to improvements in the premium subscription experience, user feedback-driven feature refinements and partnerships with mobile phone manufacturers and internet platforms. → Quantum Stocks Just Got a Lifeline—Who Benefits Most? “We have attracted a record number of users to use our premium services,” Li said in prepared remarks. He added that Xunlei plans to introduce new features intended to make interactions “more intuitive, joyful, and...
Investor releaseQuarter not tagged2026-05-28Xunlei Q1 Non-GAAP Earnings, Revenue Rise
MT Newswires
Xunlei Q1 Non-GAAP Earnings, Revenue Rise
Xunlei ADR (XNET) reported Wednesday Q1 non-GAAP earnings of $0.07 per ADS, up from $0.02 a year ear
TranscriptFY2026 Q12026-05-28FY2026 Q1 earnings call transcript
Earnings source - 24 paragraphs
FY2026 Q1 earnings call transcript
Welcome, ladies and gentlemen, and thank you for your patience. You've joined Xunlei's first quarter 2026 earnings conference call. At this time, all participants are in listen-only mode. Please be advised that today's conference is being recorded. I would now like to turn the call over to the host, Investor Relations Manager, Ms. Luhan Tang. Thank you. Please go ahead.
Good morning, everyone, thank you for joining Xunlei's Q1 2026 earnings conference call. With me today are Eric Zhou, CFO, and Li Li, Vice President of Finance. Our IR website has our earnings press release to supplement our prepared remarks during the call. Today's agenda includes a prepared opening remark from Chairman and CEO, Mr. Jinbo Li, on Q1 operational highlights, followed by CFO Eric Zhou's presentation of financial results, details of Q1, before we open up the floor to your questions in the Q&A session. Please note that this call is recorded and can be replayed on our investor relations website at ir.xunlei.com. Before we get started, I would like to take this opportunity to remind you that the discussion today will contain certain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Such statements are based on our management's current expectations under existing market conditions that are subject to risks and uncertainties that are difficult to predict, which may cause actual results to differ materially from those made in the forward-looking statements. Please refer to our SEC filings for a more detailed description of the risk factors that may affect our results. Xunlei assumes no obligations to update any forward-looking statements except as required under applicable laws. On this call, we'll be using both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to comparable GAAP measures can be found in our earnings press release. Please note that all numbers are in U.S. dollars unless otherwise stated. The following is the prepared statement by Mr. Jinbo Li, Chairman and CEO of Xunlei Limited. Good morning and good evening, everyone. Thank you for joining us today.
We're excited to begin 2026 with a strong first quarter, one defined by disciplined execution, strategic clarity, and tangible progress in our business transformation. Q1 was a period of decisive action. We delivered robust revenue growth across our core segments, completed a successful corporate restructuring, and concentrated our focus on our highest potential business area after carefully balancing our resources and the business opportunities. Total revenue for Q1 2026 reached $98.6 million, that's a significant 54.1% increase year-over-year. This growth was driven by our strategic emphasis on consumer-oriented businesses, particularly our two key growth engines, subscription services and overseas audio live streaming business. Let me share with you some insights on these two vital business bottom lines. For our subscription business, it remains Xunlei's stable cornerstone, delivering consistent cash flow and steady growth. In Q1, subscription revenue reached $45 million, a solid 26.2% year-over-year increase.
This performance reflects our two focused efforts. Firstly, by thoughtfully enhancing the premium subscription experience, listening closely to user feedback, and refining features. We have attracted a record number of users to use our premium services. Their trust is both our motivation and our greatest reward. Secondly, through constructive long-term collaborations with leading mobile phone manufacturers and internet platform partners, we have expanded our reach naturally and inclusively, bringing our services to new communities while staying true to our mission of enriching everyday digital life. Looking ahead, we're excited to introduce new features designed to make every interaction more intuitive, joyful, and personal. With your continued support, we are confident in sustaining this purposeful growth. Our overseas live streaming business and other services have merged as a powerful growth engine, delivering results in line with our expectations.
In Q1, this segment generated $53.6 million in revenue, also an 89.3% year-over-year increase. This exceptional growth validates our strategic focus on overseas markets, especially high-growth emerging regions such as Southeast Asia and the Middle East. These markets benefit from supportive platform policies and growing user demand. We have leveraged our strength in product refinement, user engagement, and monetization to enhance local operations. The diverse user base, high engagement levels, and increasing willingness to pay in these regions create substantial opportunities. Our ability to adapt services to local market preference, combining geographic and cultural insights with digital entertainment consumption, is a key driver for this remarkable growth. We will continue to intensify our overseas expansion, exploring new markets, and optimizing service offerings to sustain momentum. That said, given the ever-changing competitive landscape, our rapid growth may experience a modest slowdown in future quarters.
In conclusion, Q1 2026 was a transformative period for Xunlei. We achieved strong financial results, executed a strategic restructuring to concentrate fully on To C operations and saw our overseas live streaming business emerge as a leading growth driver. We have demonstrated our ability to make bold strategic decisions, adapt to market dynamics, and drive growth through focus and innovation. With a clear strategic direction, robust business momentum, and optimized resource allocation, we believe we are well-positioned to capture growing opportunities in the To C market, sustain our growth trajectory, and create long-term value for our shareholders. We remain committed to executing our strategy with discipline and agility, and we're excited about the future ahead. I will now hand the call over to our CFO for a detailed review of our Q1 2026 financial results.
Thank you, Han, and thank you all for participating in today's conference call. I will now walk you through our financial results for the first quarter of 2026. Please note that in Q1, we restructured our cloud computing business, and it's no longer consolidated in our financial statements. The following financials exclude discontinued operations. For the first quarter of 2026, our total revenues came in at $98.6 million, up 54.1% year-over-year. This strong top-line growth was mainly driven by higher revenue from our subscription business, as well as solid gains from our overseas audio live streaming business. Breaking down our revenue performance, subscription revenues reached $45 million, representing a 26.2% year-over-year increase. This growth reflects stronger user demand for our subscription offerings. Our live streaming and other services delivered $53.6 million in revenue, jumping 89.3% year-over-year.
Thanks primarily to the robust expansion of our overseas audio live streaming business. Our cost of revenues were $40.4 million in the quarter, making up 41% of total revenues. For comparison, we recorded $24.1 million or 37.8% of total revenues in the same period of 2025. The higher cost of revenues aligned closely with our live streaming revenue growth, driven mainly by increased revenue share expenses for our overseas audio live streaming operations. The remaining portion of revenue costs mainly came from payment handling fees and bandwidth expenses. Moving to profitability, we generated $57.7 million in gross profit this quarter, up 45.1% year-over-year. Our gross margin stood at 38.5% compared to 61.9% in the prior year quarter. The gross profit improvement was fueled by both our overseas audio live streaming business and our subscription business. The slight margin decline was a structural mix change.
Live streaming, which carries a lower gross margin than subscription, now accounts for a larger share of our total revenues, which compressed our overall gross margin modestly. On the expense front, our R&D expenses were $20.2 million in Q1 2026, representing 20.4% of total revenues. This compares with $16 million or 25.1% of total revenues in the first quarter of 2025. The year-over-year increase was mainly due to higher labor costs this quarter. Sales and marketing expenses rose to $22.4 million this quarter, flat as a percentage of revenue at 22.8%, compared with $14.5 million or 22.7% of our total revenues. The higher absolute spending this year reflects increased marketing investments across our subscription and overseas audio live streaming business as we continue to prioritize user acquisition.
G&A expenses came in at $10.9 million, equal to 8.5% of our total revenues, versus $10 million or 15.7% of total revenues in Q1 2025. The increase was primarily driven by higher share-based compensation expenses. On an operating level, we delivered operating income of $4.3 million this quarter, improving from an operating loss of $1 million in the prior year period. This turnaround was largely driven by stronger gross profit across our core businesses. We recorded a net other loss of $195.1 million this quarter, compared with a net other income of $1.1 million in Q1 2025. This year-over-year shift was mainly attributable to the fair value changes related to our long-term investment in Arashi Vision Inc., which completed its IPO back in June 2025.
Turning to discontinued operations, which relates entirely to our Shenzhen Wanting business, which we reorganized in March and recognized income of $17.7 million in Q1 2026, which compressed the operating loss of $1.8 million from discontinued operations and a disposal gain of $4.3 million, as well as the income tax benefits related to the disposal of $15.2 million. Our net loss from continuing operations was $192.4 million this quarter, compared with net loss of $0.2 million in Q1 2025. The large net loss was mainly due to the net other loss we just discussed, partially offset by our improved operating performance. On a non-GAAP basis, we achieved solid growth in non-GAAP net income from continuing operations, which rose to $4.1 million, up from $0.9 million in the prior year period.
On a per share basis, our diluted loss per ADS from continuing operations was $3.06 for the quarter, compared with a diluted EPS of $0 in Q1 2025. Our non-GAAP diluted earnings per ADS from continuing operations increased to $0.07 versus $0.02 in the same quarter last year. Finally, on the balance sheet as of March 31st, 2026, our cash equivalents and short-term investments totaled $303.6 million, up from $283.5 million as of December 31st, 2025. The increase was primarily driven by positive operating cash flows and proceeds from the disposal of our 50% equity stake in Xinjiang. These gains were partially offset by deferred consideration payments for our Hupoo acquisition. This concludes our prepared remarks. Operators, we are now ready to take questions.
Thank you. We will now begin the question and answer session. One moment for the first question. You have a question from the line of George Kim, please ask your question.
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The caller's question is, he noticed from our annual report that, in November last year, Hupoo was sued for the alleged unauthorized dissemination of NBA game content and the unauthorized use of the NBA trademark. The claimed damages amounted to approximately $12.1 million in total. He would like us to provide more details regarding such copyright litigation, and he wants to know if it will have any material impact on the business. Thanks for the question. As it is an ongoing case, we can't comment on it right now. That said, we have set aside some allowances to cover any potential expenses related to this litigation, and we don't expect this case will have a significant impact on our operations. Thank you.
[Non-English content]
The second question is, he mentioned that there's a 1940 Investment Act that requires companies to maintain the ratio of investment income to total assets below a certain threshold, and it is expected that Xunlei's equity gains will exceed that ratio. He would like to know if any measures the company would take to address this regulation by SEC. This is good question, and you are correct. We will continue to monitor our holdings of our appreciated assets in Arashi Vision Inc. We've been consulting with relevant advisors. If needed, we will gradually seek to adjust our holdings so that Xunlei will hold investment securities with a value not exceeding 45% of the company's total assets, excluding government securities and cash items.
In line with the company's intention to mainly engage in our core To C business, and in fact, we never intend to be an investment company. Thank you.
[Non-English content]
[Non-English content]
Thank you for the question. Once again, if you'd like to ask question, please press star one and one. At this time, no further questions from the line. Allow me to hand the call back to Eric for closing.
Thank you again for your time and participation. If you have any questions, please visit our website at ir.xunlei.com or send emails to our investor relations. Have a good day. Operator, we conclude today's conference call. Thank you.
That does conclude today's conference call. Thank you for your participation. You may now disconnect.
Investor releaseQuarter not tagged2026-05-19Xunlei Limited Schedules 2026 Unaudited First Quarter Earnings Release on May 28, 2026
GlobeNewswire
Xunlei Limited Schedules 2026 Unaudited First Quarter Earnings Release on May 28, 2026
SHENZHEN, China, May 19, 2026 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2026 on May 28, 2026 before market open. The earnings press release will be available on the Company's investor relations page at http://ir.xunlei.com. Conference Call Xunlei's management will host a conference call at 8:00 a.m. U.S. Eastern Time on May 28, 2026 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly results and recent business developments. Conference Call Preregistration Participant Online Registration: https://register-conf.media-server.com/register/BIe6e4f25f2a6e46a89978bb034282601f Please register to join the conference using the link provided above and dial in 10 minutes before the call is scheduled to begin. Once registered, the participants will receive an email with personal PIN and dial-in information, and participants can choose to access either via Dial-In or Call Me. A kindly reminder that "Call Me" does not work for China number. The Company will also broadcast a live audio webcast of the conference call. The webcast will be available at http://ir.xunlei.com. Following the earnings conference call, an archive of the call will be available at https://edge.media-server.com/mmc/p/g2ngg7tn About Xunlei Founded in 2003, Xunlei Limited (NASDAQ: XNET) is a leading technology company providing distributed cloud services in China. Xunlei provides a wide range of products and services across cloud acceleration and digital entertainment to deliver an efficient, smart and safe internet experience. Contact: Xunlei Limited Investor Relations Email: [email protected]: +86 755 6111 1571Website: http://ir.xunlei.com
Investor releaseQuarter not tagged2026-05-07Xunlei (NASDAQ:XNET) Is Posting Healthy Earnings, But It Is Not All Good News
Simply Wall St.
Xunlei (NASDAQ:XNET) Is Posting Healthy Earnings, But It Is Not All Good News
We didn't see Xunlei Limited's (NASDAQ:XNET) stock surge when it reported robust earnings recently. We decided to have a deeper look, and we believe that investors might be worried about several concerning factors that we found. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. Xunlei has an accrual ratio of 1.70 for the year to December 2025. That means it didn't generate anywhere near enough free cash flow to match its profit. As a general rule, that bodes poorly for future profitability. In fact, it had free cash flow of US$27m in the last year, which was a lot less than its statutory profit of US$1.05b. We note, however, that Xunlei grew its free cash flow over the last year. However, we can see that a recent tax benefit, along with unusual items, have impacted its statutory profit, and therefore its accrual ratio. One positive for Xunlei shareholders is that it's accrual ratio was significantly better last year, providing reason to believe that it may return to stronger cash conversion in the future. Shareholders should look for improved cashflow relative to profit in the current year, if that is indeed the case. View our latest analysis for Xunlei Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Xunlei. The fact that the company had unusual items boosting profit by US$1.0b, in the last year, probably goes some way to explain why its accrual ratio was so weak. While it's always nice to have hig...
Investor releaseQuarter not tagged2026-04-29Xunlei Filed Its Annual Report on Form 20-F for Fiscal Year 2025
GlobeNewswire
Xunlei Filed Its Annual Report on Form 20-F for Fiscal Year 2025
SHENZHEN, China, April 29, 2026 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission (the “SEC”) on April 28, 2026. The annual report can be accessed on the Company’s investor relations website at http://ir.xunlei.com or the SEC’s website at www.sec.gov. About Xunlei Founded in 2003, Xunlei Limited (NASDAQ: XNET) is a leading technology company providing distributed cloud services in China. Xunlei provides a wide range of products and services across cloud acceleration and digital entertainment to deliver an efficient, smart and safe internet experience. Contact: Investor Relations Xunlei Limited Email: [email protected] Tel: +86 755 6111 1571 Website: http://ir.xunlei.com
Investor releaseQuarter not tagged2026-03-13Xunlei Ltd (XNET) Q4 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Rising Net Losses
GuruFocus.com
Xunlei Ltd (XNET) Q4 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Rising Net Losses
This article first appeared on GuruFocus. Total Revenue (Q4 2025): $143.3 million, a 17% year-over-year increase. Total Revenue (Full Year 2025): $462.4 million, a 42.5% increase from 2024. Subscription Revenue (Q4 2025): $42.1 million, up 22.4% year-over-year. Subscription Revenue (Full Year 2025): $154.8 million, up 15.8% from 2024. Cloud Computing Revenue (Q4 2025): $46.1 million, a 102.7% year-over-year increase. Cloud Computing Revenue (Full Year 2025): $137.4 million, up 31.4% from 2024. Live Streaming and IVAS Revenue (Q4 2025): $55.1 million, a 102.8% year-over-year increase. Live Streaming and IVAS Revenue (Full Year 2025): $170.2 million, a 97.5% increase from 2024. Gross Profit (Q4 2025): $61.7 million, a 41.5% year-over-year increase. Gross Profit Margin (Q4 2025): 43%, down from 51.7% in Q4 2024. Operating Income (Q4 2025): $4.7 million, compared to an operating loss of $20.5 million in Q4 2024. Net Loss (Q4 2025): $228.9 million, compared to a net loss of $9.9 million in Q4 2024. Non-GAAP Net Income (Q4 2025): $4.8 million, compared to $11.3 million in Q4 2024. Cash, Cash Equivalents, and Short-term Investments (Dec 31, 2025): $305.2 million. Share Buybacks (2025): Approximately $1 million spent to repurchase about 435,000 ADS. Warning! GuruFocus has detected 10 Warning Signs with MRMD. Is XNET fairly valued? Test your thesis with our free DCF calculator. Release Date: March 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Xunlei Ltd (NASDAQ:XNET) reported a 17% year-over-year increase in total revenues for Q4 2025, driven by strong performance in cloud computing and live streaming businesses. Subscription revenue for Q4 2025 was $42.1 million, marking a 22.4% increase year-over-year, indicating strong demand for subscription services. Cloud computing revenue saw a significant increase of 102.7% year-over-year in Q4 2025, reflecting heightened demand for cost-effective solutions. Live streaming and other Internet value-added services generated $55.1 million in Q4 2025, a 102.8% increase year-over-year, showcasing the success of strategic pivots to high-growth regions. The company achieved a turnaround in operating income, reporting $4.7 million in Q4 2025, compared to an operating loss in the same period last year, due to the absence of a goodwill impairment charge. Gross profit margi...
Investor releaseQuarter not tagged2026-03-12Xunlei Announces Unaudited Fourth Quarter and Full Year 2025 Financial Results
GlobeNewswire
Xunlei Announces Unaudited Fourth Quarter and Full Year 2025 Financial Results
SHENZHEN, China, March 12, 2026 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Financial Highlights: Total revenues were US$143.3 million, representing an increase of 70.0% year-over-year. Subscription revenues were US$42.1 million, representing an increase of 22.4% year-over-year. Live-streaming and other internet value-added services (“Live-streaming and other IVAS”) revenues were US$55.1 million, representing an increase of 102.8% year-over-year. Cloud computing revenues were US$46.1 million, representing an increase of 102.7% year-over-year. Gross profit was US$61.7 million, representing an increase of 41.5% year-over-year, and gross profit margin was 43.0% in the fourth quarter, compared with 51.7% in the same period of 2024. Net loss was US$228.9 million in the fourth quarter, compared with net loss of US$9.9 million in the same period of 2024. Non-GAAP net income1 was US$4.8 million in the fourth quarter, compared with non-GAAP net income of US$11.3 million in the same period of 2024. Diluted loss per ADS was US$3.64 in the fourth quarter, compared with diluted loss per ADS of US$0.16 in the same period of 2024. Non-GAAP diluted earnings per ADS2 were US$0.08 in the fourth quarter, compared with non-GAAP diluted earnings of US$0.18 in the same period of 2024. Full Year 2025 Financial Highlights: Total revenues were US$462.4 million, representing an increase of 42.5% from 2024. Subscription revenues were US$154.8 million, representing an increase of 15.8% from 2024. Live-streaming and other IVAS revenues were US$170.2 million, representing an increase of 97.5% from 2024. Cloud computing revenues were US$137.4 million, representing an increase of 31.4% from 2024. Gross profit was US$217.5 million, representing an increase of 29.8% from 2024, and gross profit margin was 47.0%, compared with 51.7% in the previous year. Net income was US$1,047.6 million, compared with net income of US$0.7 million in the previous year. Non-GAAP net income1 was US$18.5 million, compared with non-GAAP net income of US$23.9 million in the same period of 2024. Diluted earnings per ADS were US$16.56, compared with diluted earnings per ADS of US$...
Investor releaseQuarter not tagged2026-03-12Xunlei Q4 Earnings Call Highlights
MarketBeat
Xunlei Q4 Earnings Call Highlights
Xunlei called fiscal 2025 “transformative,” reporting double-digit growth across major segments with Q4 revenue of $143.3 million (+70% YoY) and full‑year revenue of $462.4 million (+42.5%), driven primarily by expansion in subscriptions and overseas live streaming (helped by the Hupu acquisition). Cloud computing rebounded sharply—Q4 cloud revenue rose 102.7% to $46.1 million and full‑year cloud revenue was $137.4 million (+31.4%)—and Xunlei sold 50% of Onething to Kingsoft Cloud to sharpen strategic focus while retaining a minority stake and redeploying proceeds to core businesses and R&D. Profitability was mixed: the company recorded a GAAP net loss of $228.9 million in Q4 mainly from a $232.6 million fair‑value hit on its Arashi Vision investment, although non‑GAAP Q4 net income was $4.8 million and FY GAAP net income was about $1.05 billion; gross margin fell to 43% due to a higher mix of lower‑margin streaming and cloud revenue. Interested in Xunlei Limited? Here are five stocks we like better. Xunlei (NASDAQ:XNET) executives highlighted what they described as a “transformative” fiscal 2025, pointing to double-digit growth across key operating segments, a sharp acceleration in overseas live streaming, and a strategic transaction involving its cloud computing unit during the company’s fourth-quarter and full-year earnings call. Chairman and CEO Jinbo Li said the company finished 2025 with “exceptional” fourth-quarter and full-year operating results that exceeded management’s expectations. Li attributed performance to “robust” results across core business lines, strategic transactions, and ongoing efforts to optimize the company’s business portfolio. → FuelCell Energy Is Burning Cash Faster Than It’s Building Momentum Li framed 2025 as a year of “remarkable growth, strategic refinement, and value creation,” emphasizing consistent double-digit growth across major business lines and what he called an ecosystem-driven strategy focused on core competencies. Li said the subscription business remained a “stable core asset and reliable growth driver.” In the fourth quarter, subscription revenue was $42.1 million, up 22.4% year-over-year. For the full year, subscription revenue totaled $154.8 million, an increase of 15.8% from 2024. → Alphabet’s Pullback May Be Opening a New Entry Point Management attributed subscription growth to two factors: a product offering...
Investor releaseQuarter not tagged2026-03-12Xunlei Q4 Non-GAAP Earnings Fall, Revenue Rises
MT Newswires
Xunlei Q4 Non-GAAP Earnings Fall, Revenue Rises
Xunlei (XNET) reported Q4 non-GAAP earnings Thursday of $0.079 per diluted American depositary share