Xunlei Q2 FY26 GAAP net loss turns to US$218.5 million; revenue rises 38.9% to US$102.7 million
XNET•Net loss widened on other loss
- GAAP net loss from continuing operations widened to US$218.5 million from a profit a year earlier, on a US$213.8 million other loss.
- Non-GAAP net loss from continuing operations was US$2.1 million.
Management commentary and capital return
- Management cited a consumer-only pivot and announced a new share repurchase program.
Quarterly revenue and operating performance
- Xunlei posted Q2 revenue of US$102.7 million, up 38.9% year-over-year, led by subscription and overseas audio live-streaming.
- GAAP operating results turned to a US$4.8 million loss as R&D, sales and marketing, and G&A spending increased.
- Gross profit rose 23.1% to US$57.3 million; margin fell 7.2 percentage points to 55.8% as live-streaming mix increased.
