China's Xunlei Q4 revenue jumps on cloud, live-streaming growth

Reuters03-12

China's Xunlei Q4 revenue jumps on cloud, live-streaming growth

Overview

China cloud services provider's Q4 revenue rose 70% yr/yr, led by cloud and live-streaming gains
Q4 non-GAAP net income and diluted EPS declined from prior year
Company posted large GAAP net loss due to fair value changes in long-term investments

Outlook

Xunlei says 2026 will be a strategic inflection point for its business development
Company plans to focus on internet pan-entertainment products and services for individual consumers
Xunlei aims to pursue synergistic growth opportunities and strengthen overall competitiveness in 2026

Result Drivers

CLOUD COMPUTING DEMAND - Revenue growth driven by increased demand from major customers for cloud computing services
OVERSEAS AUDIO LIVE-STREAMING - Growth in overseas audio live-streaming and the acquisition of Hupu contributed to higher live-streaming and IVAS revenue
HIGHER COSTS - Increased revenue-sharing and bandwidth costs, especially for live-streaming and cloud computing, weighed on gross profit margin

Company press release: ID:nGNX85JSDs

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue		$143.30 mln
Q4 Adjusted Net Income		$4.80 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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