Xunlei Ltd Stock Price, News & Analysis

Xunlei Limited (NASDAQ: XNET), a Chinese distributed cloud services provider, has completed the acquisition of Shanghai Kuanghui Network Technology Co., Ltd. (Kuanghui), which operates Hupu, a prominent sports media and data platform in China. The acquisition involves a total cash consideration of RMB500 million, with RMB400 million already paid at closing. The remaining RMB100 million will be paid in two equal installments of RMB50 million each, scheduled at 12 and 24 months after the closing date.

Xunlei (NASDAQ: XNET) reported its Q1 2025 financial results with total revenues of US$88.8 million, up 10.5% year-over-year. Key revenue segments showed mixed performance: subscription revenues increased 7.7% to US$35.7 million, live-streaming revenues grew 66% to US$28.4 million, while cloud computing revenues declined 18% to US$24.7 million. The company reported a net loss of US$0.9 million, compared to net income of US$3.6 million in Q1 2024. Subscriber base grew to 6.04 million, up from 5.76 million year-over-year. The company maintains a strong cash position of US$274.6 million and continues its share repurchase program. For Q2 2025, Xunlei expects revenues between US$91-96 million, representing approximately 5.3% quarter-over-quarter growth at midpoint.

Xunlei Limited (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, has scheduled the release of its unaudited financial results for Q1 2025 on May 15, 2025 before market open. The company will host a conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day to discuss quarterly results and recent business developments. The earnings release will be available on the company's investor relations website, and the conference call will be accessible through pre-registration and live audio webcast.

Xunlei (NASDAQ: XNET), a leading technology company specializing in distributed cloud services in China, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The company submitted the report to the Securities and Exchange Commission (SEC) on April 24, 2025.

Investors and interested parties can access the annual report through Xunlei's investor relations website at http://ir.xunlei.com or directly from the SEC's website at www.sec.gov.

Xunlei (NASDAQ: XNET) reported mixed Q4 2024 and full-year financial results. Q4 total revenues increased 9.3% YoY to $84.3 million, driven by growth in subscription (+9.0%) and live-streaming (+80.7%) revenues, while cloud computing declined 25.6%. The company recorded a Q4 net loss of $9.9 million, compared to net income of $3.7 million in Q4 2023.

Full-year 2024 revenues decreased 11.1% to $324.4 million. Despite revenue decline, gross profit increased 2.8% to $167.6 million, with margin improving to 51.7%. The company recorded a $20.7 million goodwill impairment charge due to declining cloud computing performance. Subscriber base grew to 6.38 million, up from 5.99 million year-over-year.

The company announced the acquisition of Hupu in January 2025, expecting immediate earnings accretion after closing. As of December 31, 2024, cash position stood at $287.5 million, and the company spent $5.6 million on share buybacks under its $20 million repurchase program.

Xunlei (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, has scheduled to release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. The results will be announced on March 13, 2025 before market open.

The company will host a conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day to discuss quarterly and fiscal year results along with recent business developments. The earnings release will be available on the company's investor relations website, and a live audio webcast of the conference call will be accessible to investors.

Xunlei (Nasdaq: XNET) has announced a definitive agreement to acquire Shanghai Kuanghui Internet Technology Co., (Hupu) for RMB500 million in cash, subject to adjustments. Hupu operates as China's leading sports media and data platform.

The transaction is expected to close in the first half of 2025, pending certain conditions. The strategic acquisition aims to create synergy by combining Xunlei's technological expertise and user base in internet content transmission with Hupu's sports content and community platform. The merger is expected to enhance content downloads, community interaction, and sports consumption in a high-loyalty niche market while strengthening Xunlei's content ecosystem.

Xunlei (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, has announced the appointment of JPMorgan Chase Bank, N.A. as its new successor depositary for the company's American Depositary Receipt (ADR) program, effective December 31, 2024.

The company has entered into an amended and restated deposit agreement with J.P. Morgan, replacing the previous agreement. A registration statement on Form F-6 has been filed with the SEC, including the amended agreement as an exhibit. ADR holders are not required to take any action regarding this change.

Xunlei (Nasdaq: XNET) announced changes to its Board of Directors on November 14, 2024. Mr. Ya Li resigned as independent director for personal reasons, and Mr. He Huang was appointed as his replacement. Huang, who founded and serves as CEO of Beijing Duwo Technology (Ipalfish) since 2015, will join the compensation committee, audit committee, and corporate governance and nominating committee. He holds bachelor's and master's degrees in computer science from Beijing University of Technology.