Xunlei Reports Diverse Q2 2024 Financials

Xunlei (XNET) has released an update.

Xunlei Limited reported a mixed second quarter for 2024 with total revenues of $79.6 million, a decrease of 23.7% year-over-year, and net income falling to $2.5 million from $5.0 million in the prior year. Despite the decline, subscription revenues grew by 10.8% due to increased subscribers, while live streaming and other revenues plummeted by 53.9%. The company remains optimistic, focusing on product diversification and service refinement to strengthen user engagement and drive future growth.

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