Earnings ·
Xunlei reports Q2 revenue of $102.7M, up 38.9%, as net loss widens to $218.5M
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.