Education
About Us
Working with TipRanks
Follow Us
Xunlei (XNET)
NASDAQ:XNET
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.06Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -28.51%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong subscription growth and live-streaming performance offset by significant challenges in the cloud computing segment, resulting in goodwill impairment and an increased operating loss. Despite the challenges, strategic initiatives such as the acquisition of Hupu and a solid cash position provide a foundation for future growth.Company Guidance
In the Xunlei Fourth Quarter and Fiscal Year 2024 Earnings Conference Call, the company outlined several key financial metrics and guidance. For Q4 2024, Xunlei reported total revenues of $84.3 million, marking a 9.3% year-over-year increase, with $34.4 million stemming from subscriptions and $27.2 million from live-streaming and IVAS, showcasing substantial growth in these areas. However, cloud computing revenue saw a decline of 25.6% year-over-year. The company ended the year with 6.38 million subscribers, a record-breaking number, and cash reserves of $287.5 million. Despite these gains, Xunlei faced a $20.7 million goodwill impairment due to challenges in the cloud computing sector, leading to a net loss of $9.9 million for the quarter. Looking ahead, the company provided revenue guidance for Q1 2025, estimating total revenues between $85 million and $89 million, indicating a potential quarter-over-quarter increase of about 3.2%.Record-Breaking Subscription Growth
Achieved a record-breaking 6.38 million subscribers for the subscription business in Q4 2024, marking a 9% year-over-year increase and a 12% annual growth rate from 2023 to 2024.
Live-Streaming Revenue Surge
Generated $27.2 million in live-streaming revenue in Q4 2024, representing an 80.7% year-over-year increase, driven by strategic pivot to emerging regions and product refinement.
Solid Cash Position
The company had cash, cash equivalents, and short-term investments of $287.5 million as of December 31, 2024, up from $272 million as of September 30, 2024.
Strategic Acquisition of Hupu
Announced the acquisition of Hupu, expected to unlock significant cross-platform synergies and enhance user engagement.
---
XNET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
XNET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $4.91 | $4.85 | -1.22% |
| Nov 14, 2024 | $2.11 | $1.96 | -7.11% |
| Aug 13, 2024 | $1.60 | $1.59 | -0.63% |
| May 16, 2024 | $1.72 | $1.70 | -1.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Xunlei (XNET) report earnings?
Xunlei (XNET) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Xunlei (XNET) earnings time?
Xunlei (XNET) earnings time is at May 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is XNET EPS forecast?
Currently, no data Available
---