Xunlei Ltd ( (XNET) ) has released its Q2 earnings. Here is a breakdown of the information Xunlei Ltd presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Xunlei Limited, a leading technology company in China, specializes in distributed cloud services, offering products in cloud acceleration, shared cloud computing, and digital entertainment. In its latest earnings report for the second quarter of 2025, Xunlei announced a significant year-over-year revenue increase of 30.6%, reaching $104 million. The company also reported a remarkable rise in net income to $727.4 million, largely due to a substantial gain from its investment in Arashi Vision Inc. Xunlei’s core businesses, including subscription, live-streaming, and cloud computing, showed robust growth, supported by strategic marketing and product enhancements. The company’s operating income saw a modest increase, while its gross profit margin slightly decreased due to higher costs in cloud computing. Looking ahead, Xunlei’s management remains optimistic, projecting continued revenue growth in the third quarter of 2025, driven by ongoing product and service innovations.