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Xunlei Reports 38.9% Q2 Revenue Growth but Posts Large Net Loss

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Sig3.05Sen-3.83Env0.00Soc0.00Gov+0.20

Xunlei reported unaudited Q2 2026 results with revenue of $102.7 million, up 38.9% year over year, driven by subscription, overseas audio live-streaming, and Hupu advertising. Gross profit rose to $57.3 million, though margin narrowed to 55.8%. Despite strong growth, the company swung to a net loss from continuing operations of $218.5 million, mainly tied to $213.8 million in fair value changes and higher operating expenses, while citing a consumer-only pivot, international expansion, and a new share repurchase program.

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