Did Xunlei beat or miss consensus estimates last quarter?

What guidance did Xunlei's management provide for the next earnings period?

What is the market's earnings forecast for Xunlei next quarter?

What does Xunlei do and what are its main business segments?

What is Xunlei's gross profit margin?

What were the key takeaways from Xunlei’s earnings call?

What is the revenue and EPS growth rate for Xunlei year over year?

What is Xunlei's latest dividend and current dividend yield?

- **Revenue Soars 57.7% YoY**: Q3 2025 total revenue hits $126.4 million, driven by subscription (+22.3%), live streaming (+127.1%), and cloud computing (+44.9%) growth.
- **$545M Investment Gain**: Fair value changes in Arashi Vision stake boost net income to $550.1 million.
- **AI & Overseas Expansion Focus**: Management prioritizes AI exploration and audio live streaming market expansion.
- **Q4 Guidance**: Revenue expected to grow 6.8% QoQ to $131-139 million.
- **No Dividends Planned**: Company retains flexibility for strategic investments.

**【CEO Opening Remarks】**
- Q3 2025 total revenue reached $126.4 million, up 57.7% YoY, driven by subscription, live streaming, and cloud computing growth.
- Subscription revenue grew 22.3% YoY to $40.7 million, supported by premium subscriber expansion.
- Live streaming & other services surged 127.1% YoY to $49.1 million, fueled by overseas audio live streaming expansion.
- Cloud computing revenue increased 44.9% YoY to $36.6 million, benefiting from enterprise demand recovery.
- $545.8 million gain from Arashi Vision equity stake fair value changes boosted bottom-line performance.
- Management emphasizes strategic focus on AI exploration and overseas market expansion.

**【CFO Financial Commentary】**
- Q3 GAAP net income: $550.1 million (vs. $4.4 million YoY), driven by investment gains.
- Non-GAAP net income: $5.3 million (vs. $4.9 million YoY), reflecting improved operational efficiency.
- Gross profit margin: 47.9% (vs. 50.5% YoY), pressured by lower-margin live streaming business.
- Q4 2025 revenue guidance: $131-139 million (midpoint +6.8% QoQ).
- Cash & short-term investments: $284.1 million as of Q3 end.

**【Q&A Highlights】**
- Dividend policy: No plans for share disposal or dividend distribution.
- AI strategy: Actively exploring opportunities, but no specific updates yet.
- Overseas expansion: Focus on audio live streaming in multiple international markets.
- Cloud computing challenges: Balancing growth with margin management amid competitive landscape.

Xunlei Limited (XNET) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

XNET

XNET fundamentals

You can ask Aime