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), 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.
Xunlei Limited (NASDAQ: XNET), a leading Chinese distributed cloud services technology company, has scheduled the release of its unaudited financial results for Q2 2025 on August 14, 2025, before market open.
The company will host a conference call at 8:00 a.m. ET (8:00 p.m. Beijing/Hong Kong Time) on the same day to discuss quarterly results and recent business developments. Participants must pre-register online to join the conference call, and the company will also provide a live audio webcast accessible through their investor relations website.
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.