SHENZHEN, China, March 16, 2026 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that all conditions precedent to the disposition of a majority equity interest in Shenzhen Onething Technology Co., Ltd. (“Shenzhen Onething”), as previously announced on March 3, 2026 (the “Transaction”), have been satisfied and accordingly, the Transaction has successfully closed. The Company’s variable in ...

Core Viewpoint - Xunlei Limited reported strong financial performance for Q4 2025, with total revenues of $143.3 million, marking a 70.0% year-over-year increase, driven by growth in cloud computing and live-streaming businesses [2][4][5]. Financial Highlights Fourth Quarter 2025 - Total revenues reached $143.3 million, a 70.0% increase year-over-year, primarily due to cloud computing and live-streaming revenue growth [4][5]. - Subscription revenues were $42.1 million, up 22.4% year-over-year [5][6]. - Live-streaming and other IVAS revenues were $55.1 million, reflecting a 102.8% increase year-over-year [5][6]. - Cloud computing revenues were $46.1 million, representing a 102.7% increase year-over-year [5][7]. - Gross profit was $61.7 million, a 41.5% increase year-over-year, with a gross profit margin of 43.0% [10]. - Net loss was $228.9 million, compared to a net loss of $9.9 million in Q4 2024 [18][19]. - Non-GAAP net income was $4.8 million, down from $11.3 million in the same period of 2024 [18]. Full Year 2025 - Total revenues for the year were $462.4 million, a 42.5% increase from 2024 [21]. - Subscription revenues totaled $154.8 million, up 15.8% year-over-year [21]. - Live-streaming and other IVAS revenues were $170.2 million, a 97.5% increase year-over-year [22]. - Cloud computing revenues reached $137.4 million, a 31.4% increase year-over-year [23]. - Gross profit for the year was $217.5 million, a 29.8% increase year-over-year, with a gross profit margin of 47.0% [28]. - Net income was $1,047.6 million, compared to $0.7 million in the previous year [35]. - Non-GAAP net income was $18.5 million, down from $23.9 million in 2024 [35]. Cost Structure - Costs of revenues for Q4 2025 were $80.8 million, representing 56.4% of total revenues, up from 47.9% in Q4 2024 [8][24]. - Bandwidth costs were $46.0 million, accounting for 32.1% of total revenues, compared to 28.3% in the same period of 2024 [9][25]. - Research and development expenses for Q4 were $21.9 million, 15.3% of total revenues, compared to 22.2% in Q4 2024 [11]. - Sales and marketing expenses for Q4 were $23.2 million, 16.2% of total revenues, up from 14.8% in Q4 2024 [12]. Strategic Outlook - The company anticipates 2026 to be a pivotal year, focusing on internet pan-entertainment products and services for individual consumers [3]. - Plans include leveraging technical expertise and a strong balance sheet to pursue synergistic growth opportunities [3]. Cash Position - As of December 31, 2025, the company had cash, cash equivalents, and short-term investments of $305.2 million, an increase from $284.1 million as of September 30, 2025 [20][37]. Share Repurchase Program - The company has authorized a share repurchase program of up to $20 million, with $1.0 million spent on repurchasing 434,939 ADSs in 2025 [38].

Core Viewpoint - Xunlei Limited plans to release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025, on March 12, 2026, before market open [1] Group 1: Financial Results Announcement - The earnings press release will be available on the Company's investor relations page [1] - A conference call will be hosted by Xunlei's management at 8:00 a.m. U.S. Eastern Time on March 12, 2026, to discuss the quarterly results and recent business developments [2] - Participants are required to register online to join the conference call and will receive a personal PIN and dial-in information via email [3] Group 2: Company Overview - Xunlei Limited, founded in 2003, is a leading technology company in China providing distributed cloud services [4] - The company offers a wide range of products and services, including cloud acceleration, shared cloud computing, and digital entertainment, aimed at delivering an efficient, smart, and safe internet experience [4]

Core Viewpoint - Xunlei Limited has announced a transaction to transfer a 50% equity interest in Shenzhen Onething Technology Co., Ltd. for a total cash consideration of RMB125 million, which will result in Xunlei retaining a 20% stake in Shenzhen Onething after the transaction [1][3][9] Group 1: Transaction Details - Shenzhen Xunlei will transfer 20% of its equity interest in Shenzhen Onething to Wuhan Kingsoft Cloud for RMB50 million and 30% to Shenzhen Xinghan Zhilian for RMB75 million [2] - The transaction will reduce Xunlei's ownership in Shenzhen Onething from 70% to 20%, meaning it will no longer consolidate Shenzhen Onething's financial results post-transaction [3][9] - The transaction consideration was determined based on Shenzhen Onething's unaudited net asset value, market conditions, and the equity interest percentages being acquired [4] Group 2: Payment Structure - The payment obligations for Wuhan Kingsoft Cloud and Xinghan Zhilian are separate, with Xinghan Zhilian paying RMB15 million within ten business days and the remaining RMB60 million on closing, while Wuhan Kingsoft Cloud will pay RMB50 million in a single installment [5] - The transaction is subject to various closing conditions, including corporate approvals and compliance with U.S. Securities and Exchange Commission disclosure obligations [6] Group 3: Governance and Evaluation - A shareholders agreement has been established to govern Shenzhen Onething post-closing [7] - The audit committee of Xunlei's board, with the assistance of an independent financial advisor, evaluated and negotiated the transaction, concluding it is in the company's best interest [8][9] Group 4: Financial Performance of Shenzhen Onething - Shenzhen Onething reported a profit before tax of RMB12.4 million for the year ended December 31, 2025, compared to a loss of RMB21.3 million in 2024 [15] - The total assets of Shenzhen Onething increased from RMB398.0 million in 2024 to RMB522.1 million in 2025, while net liabilities decreased from RMB668.2 million to RMB240.0 million during the same period [15]

Core Viewpoint - F5, Inc. is facing challenges in stock performance and investor confidence, despite a recent upgrade in analyst ratings Company Overview - F5, Inc. is based in Seattle, Washington, and specializes in multicloud application security and delivery solutions, with a market capitalization of $15.5 billion [1] Stock Performance - Over the past 52 weeks, F5 shares have declined by 12.8%, while the S&P 500 Index has increased by 11.9% [2] - Year-to-date, F5 shares are up 6%, contrasting with a slight decline in the S&P 500 [2] Comparative Performance - F5 stock has underperformed compared to the State Street Technology Select Sector SPDR ETF, which rose by 16.3% over the same period [3] Legal Issues - A class action lawsuit has been filed against F5, alleging that the company misled investors regarding its revenue outlook and minimized risks associated with seasonality and macroeconomic factors [4] Investor Sentiment - Investors are cautious about long-term commitments to F5 due to a declining average Annual Recurring Revenue (ARR), static operating margins, and expectations of soft demand and weak growth [5] - Analysts project a 2.2% year-over-year growth in EPS for the fiscal year ending September 2026, reaching $12.13 [5] Analyst Ratings - F5 stock currently holds a consensus "Moderate Buy" rating, upgraded from a "Hold" rating a month ago, with 13 analysts providing varied opinions [6][7]

Core Viewpoint - Xunlei Limited plans to release its unaudited financial results for the third quarter of 2025 on November 13, 2025, before market open [1] Financial Results Announcement - The earnings press release will be available on the Company's investor relations page [1] - A conference call will be hosted by Xunlei's management at 7:00 a.m. U.S. Eastern Time on November 13, 2025, to discuss quarterly results and recent business developments [2] Conference Call Details - Participants are required to register online to join the conference call, with a reminder to dial in 10 minutes before the scheduled start [3] - A live audio webcast of the conference call will be available on the investor relations page, and an archive of the call will be accessible afterward [4] Company Overview - Founded in 2003, Xunlei Limited is a leading technology company in China providing distributed cloud services, including cloud acceleration, shared cloud computing, and digital entertainment [4]

Core Insights - Xunlei Limited reported a significant milestone in Q2 2025, highlighted by a 30.6% year-over-year revenue growth, the acquisition of Hupu, and the IPO of an investee company [3][5]. Financial Performance - Total revenues reached US$104.0 million, marking a 30.6% increase year-over-year, primarily driven by growth in major business operations [5][8]. - Subscription revenues amounted to US$36.4 million, up 10.5% year-over-year, attributed to an increase in subscribers to 6.40 million from 5.71 million and a rise in average revenue per subscriber to RMB40.8 from RMB39.5 [6][8]. - Live-streaming and other services generated US$37.6 million, reflecting an 85.5% year-over-year increase, mainly due to growth in overseas audio live-streaming and advertising businesses following the Hupu acquisition [7][8]. - Cloud computing revenues were US$30.0 million, a 13.6% increase year-over-year, driven by higher demand from major customers [9][8]. - Gross profit was US$51.2 million, up 25.9% year-over-year, with a gross profit margin of 49.3%, slightly down from 51.1% in the same period of 2024 [8][13]. Income and Expenses - Net income surged to US$727.4 million from US$2.5 million in Q2 2024, primarily due to increased other income related to the investment in Arashi Vision [20][18]. - Non-GAAP net income was US$8.3 million, compared to US$3.2 million in the same period of 2024 [20][21]. - Research and development expenses were US$18.4 million, representing 17.7% of total revenues, while sales and marketing expenses rose to US$21.6 million, accounting for 20.8% of total revenues [14][15]. Cash and Shareholder Returns - As of June 30, 2025, the company had cash, cash equivalents, and short-term investments totaling US$275.6 million, a slight increase from US$274.6 million at the end of Q1 2025 [22]. - The company initiated a share repurchase program, with US$6.5 million spent on buybacks as of June 4, 2025, although no shares were repurchased in Q2 2025 [23]. Future Guidance - For Q3 2025, Xunlei estimates total revenues to be between US$116 million and US$124 million, indicating a quarter-over-quarter increase of approximately 15.4% [24].

Core Viewpoint - Xunlei Limited plans to release its unaudited financial results for the second quarter of 2025 on August 14, 2025, before market open [1] Financial Results Announcement - The earnings press release will be available on the Company's investor relations page [1] - A conference call will be hosted by Xunlei's management at 8:00 a.m. U.S. Eastern Time on August 14, 2025, to discuss quarterly results and recent business developments [2] Conference Call Details - Participants must register online to join the conference call and should dial in 10 minutes before the scheduled start [3] - A live audio webcast of the conference call will be available on the investor relations page [4] - An archive of the call will be accessible after the conference [4] Company Overview - Xunlei Limited, founded in 2003, is a leading technology company in China providing distributed cloud services [4] - The company offers a variety of products and services, including cloud acceleration, shared cloud computing, and digital entertainment [4]

Core Viewpoint - Xunlei Limited announced that its investee company, Arashi Vision Inc. (Insta360), has successfully completed its initial public offering on the Shanghai Stock Exchange STAR Market, with Xunlei holding approximately 7.8% equity interest in Arashi Vision as of the announcement date [1]. Company Overview - Xunlei Limited, founded in 2003, is a leading technology company in China that provides distributed cloud services, including cloud acceleration, shared cloud computing, and digital entertainment, aimed at delivering an efficient, smart, and safe internet experience [2].

Core Viewpoint - Xunlei Limited has successfully completed the acquisition of Shanghai Kuanghui Network Technology Co., Ltd., enhancing its position in the sports media and data sector in China [1][2]. Group 1: Acquisition Details - The total cash consideration for the acquisition is RMB500 million, with an initial payment of RMB400 million made prior to closing [2]. - The remaining RMB100 million will be paid in two equal installments after twelve and twenty-four months following the transaction's closing [2]. Group 2: Company Overview - Xunlei Limited, founded in 2003, is a leading technology company in China that provides distributed cloud services [3]. - The company offers a variety of products and services, including cloud acceleration, shared cloud computing, and digital entertainment, aimed at delivering an efficient and safe internet experience [3].