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Jun 30
Xunlei Q2 2025 Earnings Report
Xunlei's financial results for the second quarter ended June 30, 2025 were announced, highlighting significant revenue growth and a substantial increase in net income primarily due to an investment gain.
Key Takeaways
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.
Total revenues reached US$104.0 million, marking a 30.6% year-over-year increase.
Net income surged to US$727.4 million, primarily due to a US$720 million unrealized pre-tax gain from the IPO of Arashi Vision Inc.
Subscription revenues grew by 10.5% to US$36.4 million, driven by an increase in subscribers and average revenue per subscriber.
Live-streaming and other services revenues saw an impressive 85.5% increase to US$37.6 million, boosted by overseas audio live-streaming and the acquisition of Hupu.
Xunlei
Xunlei
Xunlei Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comLive-streaming & Other Services Revenue
CapyFin.comCloud Computing Revenue
CapyFin.com Forward Guidance
For the third quarter of 2025, Xunlei anticipates total revenues to be between US$116 million and US$124 million, indicating a quarter-over-quarter increase of approximately 15.4% at the midpoint.
Positive Outlook
- Expected quarter-over-quarter revenue growth of approximately 15.4% at the midpoint for Q3 2025.
- Continued focus on operational enhancement and pursuing innovative growth opportunities.
- Potential for future returns on the investment in Arashi Vision Inc. to strengthen financial foundation.
- Commitment to exploring options to create long-term value for shareholders.
- Management's positive outlook on core business growth and market alignment.
Challenges Ahead
- Guidance is a preliminary view and subject to material change.
- No specific negative factors were highlighted in the forward guidance section.
- Reliance on continued demand from major customers for cloud computing services.
- Ongoing challenges in the cloud computing business, though framed as opportunities.
- Potential for increased marketing expenses to continue for user acquisition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income