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Recent press releases and 8-K filings for XNET.
Xunlei Announces Fourth Quarter and Full Year 2025 Financial Results
XNET
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Xunlei Limited reported total revenues of US$143.3 million for Q4 2025, representing a 70.0% increase year-over-year, and US$462.4 million for the full year 2025, an increase of 42.5% from 2024.
- The company recorded a net loss of US$228.9 million in Q4 2025, primarily due to US$232.6 million in other losses, net, from fair value changes of a long-term investment.
- For the full year 2025, Xunlei achieved a net income of US$1,047.6 million, a significant increase from US$0.7 million in 2024, largely driven by US$1,038.1 million in other income, net, from fair value changes of a long-term investment.
- Diluted earnings per ADS for the full year 2025 were US$16.56, compared to US$0.02 in the previous year.
- As of December 31, 2025, cash, cash equivalents, and short-term investments totaled US$305.2 million.
10 minutes ago
Xunlei announces disposition of majority equity interest in Shenzhen Onething
XNET
M&A
- Xunlei Limited's variable interest entity, Shenzhen Xunlei, has entered into definitive agreements to transfer an aggregate 50% equity interest in Shenzhen Onething Technology Co., Ltd. for a total cash consideration of RMB125 million.
- This disposition includes transferring 20% to Wuhan Kingsoft Cloud Information Technology Co., Ltd. for RMB50 million and 30% to Shenzhen Xinghan Zhilian Technology Co., Ltd. for RMB75 million.
- Upon completion of the transaction, Shenzhen Xunlei's equity interest in Shenzhen Onething will decrease from 70% to 20%, and Xunlei will no longer consolidate Shenzhen Onething's financial results.
- The transaction is expected to close by the end of April 2026 and is intended to optimize Xunlei's resource allocation and business portfolio.
- Shenzhen Onething reported a profit after tax of RMB9.9 million and net assets of RMB240.0 million for the year ended December 31, 2025.
Mar 3, 2026, 1:18 PM
Xunlei Announces Disposition of Majority Equity Interest in Shenzhen Onething
XNET
M&A
- Xunlei Limited's variable interest entity, Shenzhen Xunlei, has entered into definitive agreements to transfer a 50% equity interest in Shenzhen Onething Technology Co., Ltd. for an aggregate cash consideration of RMB125 million.
- The transfer includes 20% of the equity interest to Wuhan Kingsoft Cloud for RMB50 million and 30% to Shenzhen Xinghan Zhilian (a holding vehicle for Onething's management team) for RMB75 million.
- Following the transaction, Shenzhen Xunlei's equity interest in Shenzhen Onething will decrease from 70% to 20%, and Xunlei will no longer consolidate Shenzhen Onething's financial results.
- The transaction is expected to optimize Xunlei's resource allocation and business portfolio, mitigate regulatory impact, and allow the company to retain a minority stake for future growth.
- Shenzhen Onething reported an unaudited profit after tax of RMB9.9 million for the year ended December 31, 2025, a turnaround from a loss of RMB21.4 million in 2024, with net assets of RMB240.0 million as of December 31, 2025. The transaction is expected to close by the end of April.
Mar 3, 2026, 1:00 PM
Xunlei Announces Strong Q3 2025 Financial Results Driven by Investment Gains
XNET
Earnings
Guidance Update
New Projects/Investments
- Xunlei Limited reported total revenues of US$126.4 million for the third quarter ended September 30, 2025, representing a 57.7% increase year-over-year.
- Net income for Q3 2025 was US$550.1 million, significantly higher than the US$4.4 million in the same period of 2024, primarily driven by US$545.8 million in unrealized pre-tax gains from an investment in Arashi Vision Inc..
- Diluted income per ADS for the third quarter of 2025 was US$8.60, compared to US$0.07 in the third quarter of 2024.
- The company provided guidance for the fourth quarter of 2025, estimating total revenues to be between US$131 million and US$139 million.
Nov 13, 2025, 12:35 PM
Xunlei Reports Strong Q3 2025 Results Driven by Investment Gain and Provides Q4 Guidance
XNET
Earnings
Guidance Update
New Projects/Investments
- Xunlei reported total revenues of $126.4 million for Q3 2025, marking a 57.7% year-over-year increase and exceeding the upper end of expectations.
- Net income for Q3 2025 surged to $550.1 million, primarily due to a $545.8 million gain from fair value changes in its equity stake in Arashi Vision Inc. following its June 2025 IPO.
- Key business segments demonstrated strong growth, with subscription revenue up 22.3% to $40.7 million, live streaming and other services revenue increasing 127.1% to $49.1 million, and cloud computing revenue rising 44.9% to $36.6 million.
- The company issued Q4 2025 revenue guidance of between $131 million and $139 million and reported $284.1 million in cash, cash equivalents, and short-term investments as of September 30, 2025.
- Xunlei currently has no plans for share disposals or dividend distribution.
Nov 13, 2025, 12:00 PM
Xunlei Reports Strong Q3 2025 Results Driven by Investment Gain and Revenue Growth
XNET
Earnings
Guidance Update
New Projects/Investments
- Xunlei reported total revenues of $126.4 million for Q3 2025, marking a 57.7% year-over-year increase and exceeding expectations.
- Net income reached $550.1 million, primarily driven by a $545.8 million gain from fair value changes in the company's investment in Arashi Vision Inc. following its June 2025 IPO. Non-GAAP net income was $5.3 million.
- All major business operations contributed to revenue growth, with subscription revenue increasing 22.3% to $40.7 million, live streaming and other services revenue growing 127.1% to $49.1 million, and cloud computing revenue rising 44.9% to $36.6 million.
- Diluted earnings per ADS for Q3 2025 were $8.60, while non-GAAP diluted earnings per ADS were $0.09.
- For Q4 2025, Xunlei expects total revenues to be between $131 million and $139 million. The company currently has no plans for dividend distribution.
Nov 13, 2025, 12:00 PM
Xunlei Announces Third Quarter 2025 Financial Results
XNET
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Xunlei Limited reported total revenues of US$126.4 million for the third quarter ended September 30, 2025, marking a 57.7% increase year-over-year.
- Net income was US$550.1 million in Q3 2025, a substantial increase from US$4.4 million in the same period of 2024, primarily driven by US$545.8 million in unrealized pre-tax gains from an investment in Arashi Vision Inc..
- Diluted income per ADS was US$8.60 for the third quarter of 2025, compared to US$0.07 in the third quarter of 2024.
- For the fourth quarter of 2025, Xunlei estimates total revenues to be between US$131 million and US$139 million.
Nov 13, 2025, 10:00 AM
Xunlei further extends maturity date of loan to related party
XNET
New Projects/Investments
- Xunlei Limited's board of directors approved a further two-year extension of the maturity date for a US$20 million term loan granted to Chizz (HK) Limited on September 12, 2025.
- The annual interest rate for the extended period will remain at 5.1%.
- Chizz (HK) Limited is controlled by Itui International Inc., Xunlei's largest shareholder, and Xunlei's Chairman and CEO, Mr. Jinbo Li, is a founder and officer of Itui International Inc..
- This marks the second extension for the loan, which was initially approved in September 2021 and first extended in September 2023.
Sep 12, 2025, 10:14 AM
Quarterly earnings call transcripts for Xunlei.
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