Welcome to our dedicated page for Xunlei news (Ticker: XNET), a resource for investors and traders seeking the latest updates and insights on Xunlei stock.
Xunlei Limited provides distributed cloud services in China and reports developments across cloud acceleration, shared cloud computing and digital entertainment. Company updates frequently cover unaudited results, subscription revenue trends, cloud computing activity, live-streaming and other internet value-added services, and operating costs tied to revenue sharing and payment handling.
News also includes portfolio and corporate-structure actions, including the completed disposition of a majority equity interest in Shenzhen Onething, as well as annual Form 20-F filing announcements and earnings-call scheduling for the Nasdaq-listed company.
Xunlei (Nasdaq:XNET) reported strong Q1 2026 revenue growth but a large GAAP loss.
Total revenues reached US$98.6 million, up 54.1% year-over-year, driven by subscription (US$45.0 million, +26.2%) and live-streaming and other services (US$53.6 million, +89.3%).
Gross profit was US$57.7 million (margin 58.5%). Operating income was US$4.3 million, but net loss from continuing operations widened to US$192.4 million due mainly to US$195.1 million of other losses from fair value changes in a long-term investment. Non-GAAP net income from continuing operations was US$4.1 million. Cash, cash equivalents and short-term investments rose to US$303.6 million.
Xunlei (NASDAQ:XNET) will release its unaudited Q1 2026 financial results for the quarter ended March 31, 2026, before market open on May 28, 2026.
Management will host a conference call and live audio webcast at 8:00 a.m. U.S. Eastern Time the same day.
Xunlei (NASDAQ: XNET) announced it filed its annual report on Form 20-F for fiscal year ended December 31, 2025 with the SEC on April 28, 2026. The filing is available on the company's investor relations website and the SEC website.
This filing provides the company's full annual disclosure for 2025.
Xunlei (Nasdaq: XNET) announced on March 16, 2026 that the disposition of a majority equity interest in Shenzhen Onething has closed. Shenzhen Xunlei transferred 20% and 30% equity interests for cash considerations of RMB50 million and RMB75 million, respectively.
After closing, Shenzhen Xunlei retains a 20% equity interest in Shenzhen Onething. The company said the Transaction is expected to optimize resource allocation and business portfolio while allowing participation in Shenzhen Onething’s future growth.
Xunlei (Nasdaq: XNET) reported unaudited Q4 and full‑year 2025 results on March 12, 2026. Q4 revenue was US$143.3M, up 70.0% year‑over‑year; FY 2025 revenue was US$462.4M, up 42.5% year‑over‑year. Live‑streaming and cloud computing showed triple‑digit Q4 growth; gross margin declined to 47.0% for the year. FY net income was US$1,047.6M driven by other income from a long‑term investment fair value gain. Cash and short‑term investments totaled US$305.2M as of December 31, 2025.
Xunlei (NASDAQ: XNET) will release unaudited fourth quarter and fiscal year 2025 results on March 12, 2026 before U.S. market open. Management will host a conference call at 8:00 a.m. ET (8:00 p.m. Beijing/Hong Kong) the same day with a live audio webcast.
Investors can access the earnings release and webcast via the company's investor relations site and must preregister for the conference call to receive dial-in or "Call Me" details.
Xunlei (Nasdaq: XNET) agreed to sell a combined 50% equity interest in Shenzhen Onething for RMB125 million in two transactions: 20% to Wuhan Kingsoft Cloud for RMB50 million and 30% to management vehicle Xinghan Zhilian for RMB75 million.
Post-closing, Xunlei will retain 20%, will no longer consolidate Shenzhen Onething, received a fairness opinion from Kroll, and expects closing by end of April, subject to customary approvals and closing conditions.
Xunlei (Nasdaq: XNET) reported Q3 2025 total revenue of $126.4M, up 57.7% YoY, led by subscription ($40.7M, +22.3%), live-streaming & other ($49.1M, +127.1%), and cloud computing ($36.6M, +44.9%). Gross profit was $60.5M (+49.6% YoY) with margin at 47.9% versus 50.5% a year earlier. GAAP net income was $550.1M, driven by an other income fair-value gain (~$545.8M) from Arashi Vision’s IPO; non-GAAP net income was $5.3M. Subscribers reached 6.56M and ARPU was RMB44.2. Cash and short-term investments were $284.1M. Q4 2025 revenue guidance: $131M–$139M (midpoint ~6.8% QoQ increase).
Xunlei (NASDAQ: XNET) will release its unaudited third quarter financial results for the period ended September 30, 2025 on November 13, 2025 before U.S. market open. The earnings press release will be posted on the company's investor relations site at http://ir.xunlei.com.
Management will host a conference call at 7:00 a.m. ET / 8:00 p.m. Beijing/Hong Kong Time on November 13, 2025 to discuss results and recent business developments; preregistration is required and a live audio webcast and archived replay will be available on the investor site.
Xunlei (NASDAQ:XNET), a Chinese distributed cloud services provider, reported strong Q2 2025 financial results with total revenues of $104.0 million, up 30.6% year-over-year. The company achieved substantial growth across all core segments: subscription revenues increased 10.5% to $36.4M, live-streaming revenues grew 85.5% to $37.6M, and cloud computing revenues rose 13.6% to $30.0M.
The quarter was marked by three significant achievements: the successful acquisition of Hupu, the IPO of investee company Arashi Vision, and robust revenue growth. Notably, Xunlei recorded unrealized pre-tax gains of $720 million from its investment in Arashi Vision following its June IPO, contributing to a dramatic increase in net income to $727.4 million compared to $2.5 million in Q2 2024.
For Q3 2025, Xunlei projects revenues between $116-124 million, representing a 15.4% quarter-over-quarter increase at the midpoint.