Xunlei ADR

Xunlei reported a 70% revenue increase in Q4 2025 to $143.3 million, driven by subscriptions, cloud computing and live streaming. The company sold Onething to Kingsoft Cloud to improve capital efficiency and plans to invest the proceeds in R&D as well as international cloud and audio streaming. Gross margin fell from 51.7% to 43% and there was a GAAP net loss of $228.9 million (non‑GAAP profit of $4.8 million). After the results, the stock rose 11.75% in premarket trading. » Altro su de.investing.com

Xunlei, via its VIE Shenzhen Xunlei Networking Technologies, is selling a 50% equity stake in Shenzhen Onething for 125 million RMB in cash. 20% of the shares are being sold to Wuhan Kingsoft Cloud (a VIE of Kingsoft Cloud) for 50 million RMB and a further 30% to Shenzhen Xinghan Zhilian, a holding company of the Onething management, for 75 million RMB. Before the transaction Shenzhen Xunlei held 70% and will retain 20% after closing; Shenzhen Onething’s financial results will no longer be consolidated into Xunlei’s group accounts. Closing is expected by the end of April and is subject to customary conditions; Kroll prepared a fairness opinion. » Altro su de.investing.com

Xunlei posted Q3 2025 revenue of $126.4 million (+57.7% year‑on‑year) and net income of $550.1 million versus $4.4 million a year earlier. Drivers were subscription services, live‑streaming and cloud computing; gross margin rose to 47.9%. The stock gained 11.65% in premarket trading. For Q4 the company forecasts revenue between $131 million and $139 million and is exploring further activities in artificial intelligence. » Altro su de.investing.com