Xunlei(US:XNET) Xin Lang Cai Jing·2025-11-13 11:48Core Insights - The core viewpoint of the article is that Xunlei reported significant revenue growth in Q3 2025, driven by increases in its main business segments, despite a decline in gross margin [1] Financial Performance - Total revenue for Q3 was $126.4 million, representing a year-over-year increase of 57.7% [1] - Gross profit for the quarter was $60.5 million, up 49.6% year-over-year [1] - Gross margin stood at 47.9%, down from 50.5% in the same period last year, reflecting a decrease of 5.1% [1] Business Segment Analysis - The growth in total revenue was primarily attributed to increased income from core business operations [1] - The increase in gross profit was mainly due to higher margins from online advertising, overseas voice live streaming, and membership services [1] - The decline in gross margin was largely due to reduced margins in the cloud computing segment and a higher proportion of lower-margin overseas voice live streaming revenue [1]