Xunlei (NASDAQ:XNET) Releases Earnings Results

Posted by on Aug 15th, 2026

Xunlei (NASDAQ:XNET – Get Free Report) posted its earnings results on Thursday. The software maker reported ($0.03) EPS for the quarter, FiscalAI reports. The company had revenue of $102.11 million for the quarter. Xunlei had a positive return on equity of 0.57% and a negative net margin of 15.25%.

Here are the key takeaways from Xunlei’s conference call:

  • Revenue increased 38.9% year over year to $102.7 million, driven by 22.6% growth in subscription revenue and strong expansion in overseas audio live streaming, alongside improved Hupu advertising.
  • Overseas audio live streaming remained the primary growth engine, generating $58.2 million in revenue as Xunlei expanded in Southeast Asia, the Middle East, Turkey and Latin America through localized products and operations.
  • Profitability weakened as the lower-margin live-streaming mix increased costs; gross margin fell to 55.8% from 63.0%, the company posted a $4.8 million operating loss, and non-GAAP net loss was $2.1 million.
  • A $230.8 million net other loss, primarily from mark-to-market volatility in Xunlei’s Arashi Vision investment, drove a $218.5 million GAAP net loss from continuing operations versus $726.4 million of net income a year earlier.
  • Xunlei began its newly authorized $20 million share repurchase program on July 1 and had repurchased approximately 1.07 million ADSs for $5.9 million by August 12, while preparing to potentially reduce its 7.8% Arashi Vision stake in compliance with regulatory requirements.

Xunlei Trading Up 1.9%

XNET stock traded up $0.10 during midday trading on Friday, reaching $5.25. The company’s stock had a trading volume of 189,442 shares, compared to its average volume of 241,872. Xunlei has a 52 week low of $4.52 and a 52 week high of $11.03. The stock has a market cap of $334.16 million, a PE ratio of -4.23 and a beta of 1.15. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.03. The business’s 50-day simple moving average is $5.39 and its 200-day simple moving average is $5.76.

Wall Street Analyst Weigh In

XNET has been the subject of several recent analyst reports. Weiss Ratings upgraded Xunlei from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Wall Street Zen cut shares of Xunlei from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

View Our Latest Report on XNET

Hedge Funds Weigh In On Xunlei

Several institutional investors have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC bought a new stake in shares of Xunlei in the third quarter worth about $484,000. Russell Investments Group Ltd. lifted its holdings in shares of Xunlei by 307.6% during the 4th quarter. Russell Investments Group Ltd. now owns 65,227 shares of the software maker’s stock valued at $462,000 after purchasing an additional 49,223 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Xunlei by 3.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 57,331 shares of the software maker’s stock valued at $406,000 after purchasing an additional 2,047 shares in the last quarter. Jane Street Group LLC grew its position in shares of Xunlei by 827.1% in the 2nd quarter. Jane Street Group LLC now owns 88,917 shares of the software maker’s stock valued at $360,000 after purchasing an additional 101,146 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Xunlei in the 4th quarter valued at approximately $224,000. 5.07% of the stock is currently owned by institutional investors and hedge funds.

Xunlei declared that its board has initiated a share repurchase plan on Friday, June 26th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the software maker to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Xunlei Company Profile

(Get Free Report)

Xunlei Limited (NASDAQ: XNET) is a China-based technology company specializing in content acceleration and cloud services. Its core offerings include the Xunlei download manager, which integrates peer-to-peer (P2P) and cloud-based acceleration technologies to enhance file delivery speeds for large downloads. The company has expanded its suite of products to encompass cloud storage solutions, media streaming applications and mobile browsing tools, all aimed at improving digital content distribution and user experience.

Founded in 2003 and headquartered in Shenzhen, Xunlei originally gained traction by addressing bandwidth constraints in China’s burgeoning internet market.

Read More

Earnings History for Xunlei (NASDAQ:XNET)

Receive News & Ratings for Xunlei Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xunlei and related companies with MarketBeat.com's FREE daily email newsletter.