Earnings ·
Xunlei Limited reported unaudited financial results for the second quarter ended June 30, 2026
XNETXunlei Ltd
Xunlei Limited reported unaudited financial results for the second quarter ended June 30, 2026. Total revenues increased 38.9% year-over-year to US$102.7 million, driven by subscription and overseas audio live-streaming services. Gross profit rose 23.1% to US$57.3 million with a margin of 55.8%. The company reported a net loss from continuing operations of US$218.5 million, compared to net income of US$726.4 million in the prior year period, primarily due to fair value losses on long-term investments and increased operating expenses. Diluted loss per ADS was US$3.43. The company also announced a new share repurchase program. Xunlei Limited is a technology company providing distributed cloud services and digital entertainment products in China.