Xunlei Reports Financial Results: Annual Revenue of $462.4 Million, Up 42.5% Year-over-Year

On March 12, Xunlei announced its unaudited financial results for the fourth quarter and full year of 2025, ending December 31, 2025.

The financial report shows that total revenue for 2025 reached $462.4 million, a 42.5% increase year-over-year; revenue for the fourth quarter was $143.3 million, up 70% year-over-year; and the full-year GAAP net profit was $1.0476 billion. The overseas business performed particularly well, with full-year overseas revenue growing 97.5% year-over-year, accounting for 24.9% of total revenue.

Li Jinbo, Chairman and CEO of Xunlei Group, stated, “We achieved strong financial growth in both the fourth quarter and the full year of 2025. This growth covered all core business segments, especially benefiting from the expansion of our overseas voice live streaming business, which doubled in size.”

Xunlei’s membership service revenue for the full year was $154.8 million, a 15.8% increase; in the fourth quarter, revenue was $42.1 million, up 22.4%. In 2025, Xunlei upgraded its technology and products around universal acceleration, continuously enhancing experiences in downloading, cloud storage, and playback acceleration, becoming a new growth point for memberships.

Live streaming and other internet value-added services also continued to grow, doubling year-over-year in the fourth quarter. Full-year revenue reached $170.2 million, a 97.5% increase; in the fourth quarter, revenue was $55.1 million, up 102.8%. The revenue growth was mainly driven by increased income from overseas voice live streaming and advertising revenue from the acquisition of Hupu.

Xunlei increased its investment in technology R&D, with full-year R&D expenses of $80 million, accounting for 17.3% of total revenue; in the fourth quarter, R&D expenses were $21.9 million. In 2025, Xunlei launched a decentralized technology solution that provides a smoother video browsing experience, which has now partnered with several major mobile phone manufacturers.

In strategic investments, Xunlei demonstrated forward-looking planning by making long-term investments in Ying Shi Innovation, which has yielded considerable returns. Meanwhile, the advertising revenue from the acquisition of Hupu has begun to contribute additional income. Recently, the company also announced the sale of a 50% stake in its cloud computing business to focus on strategic priorities, optimize resource allocation, and reduce financial and operational risks. At the same time, Xunlei retained a 20% stake in Wangxin, continuing to share in its future growth value.