Xunlei(US:XNET)2025-08-14 10:34Revenue Performance - Total revenues for Q2 2025 were US$104.0 million, representing a year-over-year increase of 30.6%[6] - Subscription revenues increased to US$36.4 million, up 10.5% year-over-year, with subscribers growing to 6.40 million from 5.71 million[8] - Live-streaming and other services revenues surged to US$37.6 million, reflecting an 85.5% year-over-year increase, driven by overseas audio live-streaming and advertising growth[9] - Cloud computing revenues reached US$30.0 million, marking a 13.6% year-over-year increase due to higher demand from major customers[10] - Total net revenues for Q2 2025 reached $103.545 million, a 30.5% increase from $79.333 million in Q2 2024[38] Profitability - Gross profit was US$51.2 million, a 25.9% increase year-over-year, with a gross profit margin of 49.3%[14] - Gross profit for Q2 2025 was $51.225 million, up from $40.701 million in Q2 2024, reflecting a 25.8% year-over-year growth[38] - Net income for Q2 2025 was US$727.4 million, compared to US$2.5 million in Q2 2024, primarily due to increased other income[20] - Net income attributable to common shareholders for Q2 2025 was $727.590 million, a significant recovery from a net loss of $800,000 in Q1 2025[38] - Non-GAAP net income was US$8.3 million, up from US$3.2 million in the same period last year[20] - Non-GAAP net income for Q2 2025 was $8.252 million, compared to $3.151 million in Q2 2024[40] - Operating income for Q2 2025 was $1.113 million, compared to an operating loss of $1.887 million in Q1 2025[38] - Earnings per share for common shares in Q2 2025 were $2.3306, compared to $0.0086 in Q2 2024[40] Expenses - Research and development expenses were US$18.4 million, representing 17.7% of total revenues, compared to 21.9% in Q2 2024[15] - Sales and marketing expenses increased to US$21.6 million, accounting for 20.8% of total revenues, up from 13.7% in the same period last year[16] - Research and development expenses for Q2 2025 were $18.422 million, slightly higher than $17.470 million in Q2 2024[38] Balance Sheet - Total assets increased to $1.275 billion as of June 30, 2025, up from $473.901 million at the end of 2024[35] - Total liabilities rose to $230.192 million as of June 30, 2025, compared to $156.116 million at the end of 2024[35] - Cash and cash equivalents decreased to $170.734 million from $177.329 million at the end of 2024[35] Future Outlook - The company estimates total revenues for Q3 2025 to be between US$116 million and US$124 million, indicating a quarter-over-quarter increase of approximately 15.4%[24]