Xunlei delivered strong Q3 2025 results with total revenue of $126.4M and net income of $550.1M, largely due to a $545.8M unrealized gain from its investment in Arashi Vision Inc.

Xunlei Limited reported a strong second quarter in 2025, with total revenues increasing by 30.6% year-over-year to US$104.0 million. The company achieved a net income of US$727.4 million, a significant increase from the prior year, largely driven by an unrealized pre-tax gain from an investment. All core businesses, including subscription, live-streaming, and cloud computing, showed robust growth.

Xunlei reported a 10.5% year-over-year increase in total revenues for Q1 2025, reaching $88.8 million. This growth was primarily driven by increases in subscription revenue and overseas audio live-streaming business revenue. Despite revenue growth, the company reported a net loss of $0.9 million, compared to a net income in the same period last year, mainly due to increased operating loss.

Xunlei's Q4 2024 revenue increased 9.3% year-over-year, driven by strong growth in subscription and live-streaming services. However, a decline in cloud computing revenue and an impairment charge to goodwill led to a net loss of $9.9 million. Non-GAAP net income was positive at $11.3 million, highlighting the strength of the core business. The company remains focused on subscription growth and expanding its digital content ecosystem.