Xunlei(US:XNET) Zhong Jin Zai Xian·2025-08-14 10:05Core Insights - The company reported a total revenue of $104 million for Q2 2025, representing a year-over-year increase of 30.6% [2] - The growth in total revenue was primarily driven by increases in core business income, with gross profit reaching $51.2 million, up 25.9% year-over-year [2] - The net profit based on GAAP for the quarter was $727.4 million, a significant increase from $2.5 million in the same period last year [2] Revenue Breakdown - Membership services revenue was $36.4 million, reflecting a 10.5% year-over-year growth, attributed to an increase in membership numbers and average revenue per member [3] - Live streaming and other services revenue reached $37.6 million, showing an impressive growth of 85.5%, driven by the development of overseas voice live streaming and growth in advertising revenue post-acquisition of Hupu [4] - Cloud computing services revenue was $30 million, up 13.6% year-over-year, mainly due to increased demand from major clients [4] Financial Health - The company increased its R&D investment to $18.4 million, accounting for 17.7% of total revenue, compared to $17.5 million in the same quarter last year [5] - As of June 30, 2025, the company held cash, cash equivalents, and short-term investments totaling $275.6 million, slightly up from $274.6 million as of March 31, 2025 [6] - The company anticipates total revenue for Q3 2025 to be in the range of $116 million to $124 million, indicating a projected quarter-over-quarter growth of approximately 15.4% [6]