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Mar 31, 2025
Xunlei Q1 2025 Earnings Report
Announced Unaudited Financial Results for the First Quarter Ended March 31, 2025
Key Takeaways
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.
Total revenues increased 10.5% year-over-year to $88.8 million.
Subscription revenues grew by 7.7% year-over-year to $35.7 million.
Live-streaming and other services revenues surged by 66.0% year-over-year to $28.4 million.
Cloud computing revenues decreased by 18.0% year-over-year to $24.7 million.
Revenue by Segment
Forward Guidance
For the second quarter of 2025, Xunlei estimates total revenues to be between US$91 million and US$96 million, with the midpoint representing a quarter-over-quarter increase of approximately 5.3%.
Positive Outlook
- Anticipated quarter-over-quarter revenue growth in Q2 2025.
- Strategic acquisition of Hupu expected to help diversify revenue streams.
- Proactive exploration of corporate development initiatives for sustainable growth.
- Strong capital structure and ample financial liquidity to support operations.
- Leveraging technological capabilities and operational expertise for AI-driven applications and new opportunities.
Challenges Ahead
- Guidance is a preliminary view and subject to change.
- Changes in estimates could be material.
- Facing heightened competition in cloud computing.
- Experiencing pricing pressure in cloud computing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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