Xunlei Ltd
NASDAQ:XNET
Xunlei Ltd
Xunlei Ltd. is a holding company, which provides shared cloud computing and blockchain technology services. The company is headquartered in Shenzhen, Guangdong. The company went IPO on 2014-06-24. The firm operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The firm's acceleration products and services include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability. The firm's Xunlei Accelerator allows users to accelerate digital transmission over the Internet. Xunlei Accelerator also bridges users with diverse needs to other services it offers, such as Xunlei Media Player, which supports both online and offline video watching, and its various online games, including Web games and massively multiplayer online games (MMOGs), by recommending and providing links to these services on its user interface.
Xunlei Ltd. is a holding company, which provides shared cloud computing and blockchain technology services. The company is headquartered in Shenzhen, Guangdong. The company went IPO on 2014-06-24. The firm operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The firm's acceleration products and services include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability. The firm's Xunlei Accelerator allows users to accelerate digital transmission over the Internet. Xunlei Accelerator also bridges users with diverse needs to other services it offers, such as Xunlei Media Player, which supports both online and offline video watching, and its various online games, including Web games and massively multiplayer online games (MMOGs), by recommending and providing links to these services on its user interface.
Revenue Beat: Q3 revenue was $126.4 million, exceeding the upper end of guidance and growing 57.7% year-over-year.
Profit Surge: Net income jumped to $550.1 million, mainly due to a $545.8 million gain from the company’s investment in Arashi Vision Inc. after its IPO.
Strong Segment Growth: Subscription, live streaming, and cloud computing all posted robust revenue growth, with live streaming up 127.1% and cloud computing up 44.9% YoY.
Q4 Guidance: Q4 2025 revenue is expected to be between $131 million and $139 million, implying a 6.8% increase at the midpoint.
Dividend Update: Management currently has no plans for share disposals or dividend payments, citing regulatory rules.
AI Progress: Xunlei is actively exploring AI opportunities but shared no concrete updates this quarter.
