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Xunlei (XNET) investor relations material
Xunlei Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved 30.6% year-over-year revenue growth in Q2 2025, reaching $104M, driven by strong performance across all core business segments.
Net income surged to $727.4M, mainly due to a $720M pretax gain from the IPO of Arashi Vision Inc.
Non-GAAP net income was $8.3M, up from $3.2M year-over-year.
Completed acquisition of Hupoo/Hupu, expanding into new user segments and content domains.
Significant milestones included the investee's IPO and business expansion through acquisition.
Financial highlights
Total Q2 revenues reached $104M, up 30.6% year-over-year.
Net income was $727.4M, compared to $2.5M in Q2 2024, mainly due to investment gains.
Non-GAAP net income was $8.3M, up from $3.2M year-over-year.
Gross profit was $51.2M, up 25.9% year-over-year; gross margin declined to 49.2%–49.3% from 51.1%.
Operating income was $1.1M, compared to $1.0M a year ago.
Outlook and guidance
Q3 2025 revenue guidance: $116M–$124M, midpoint implies 15.4% sequential growth.
Management expects further positive contributions from Hupoo/Hupu and ongoing innovation to sustain growth.
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