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

Xunlei

12/03/2026 10:13

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


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(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.)