NASDAQ$XNET
Xunlei Ltd-ADR · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Xunlei reported increased subscription and live-streaming revenues but recorded an operating loss in Q4 2024.
Xunlei's Q4 2024 revenue increased 9.3% year-over-year, driven by strong growth in subscription and live-streaming services. However, a decline in cloud computing revenue and an impairment charge to goodwill led to a net loss of $9.9 million. Non-GAAP net income was positive at $11.3 million, highlighting the strength of the core business. The company remains focused on subscription growth and expanding its digital content ecosystem.
- Total revenue increased by 9.3% YoY to $84.3 million.
- Cloud computing revenue declined 25.6% YoY to $22.7 million.
- Net loss was $9.9 million due to a $20.7 million goodwill impairment.
- Non-GAAP net income rose to $11.3 million from $4.5 million in Q4 2023.
Headline financials
Revenue & EPS history
Xunlei · Revenue · Quarterly
$84.3M
Revenue by segment
Xunlei · $98.6M total across 2 segments · Q1 2026
- Live-streaming and other services$53.6M—54.4%
- Subscription$45M—45.6%
Forward guidance
Xunlei expects modest revenue growth in Q1 2025, driven by an expanding subscription base and live-streaming revenues, while continuing to face challenges in cloud computing.
Tailwinds
- Expected Q1 2025 revenue between $85 million and $89 million.
- Continued growth in subscription services with 6.38 million subscribers.
- Acquisition of Hupu expected to enhance the content ecosystem.
- Expansion of overseas live-streaming business.
- Strategic focus on leveraging emerging technologies for user engagement.
Headwinds
- Continued decline in cloud computing revenue due to competition.
- High goodwill impairment charges impacting net income.
- Regulatory uncertainties in China's digital content sector.
- Increased sales and marketing expenses for user acquisition.
- Market volatility potentially affecting revenue stability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
-0.8%
Avg return
Earnings day
+1.6%
Avg return
5 days after
-2.9%
Avg return
30 days after
43%
19 / 44 earnings
Positive
+38.9%
Q3 2022
Best reaction
-19.4%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q3 2025 | -2.3% | -9.5% | -15.2% | |
| Q4 2024 | -1.2% | -8.8% | -32.0% | |
| Q3 2024 | -12.8% | -7.6% | -0.7% | |
| Q4 2023 | -6.7% | -9.8% | -8.3% | |
| Q3 2023 | -3.5% | -4.5% | -3.9% | |
| Q2 2023 | -5.3% | -11.7% | -13.8% | |
| Q1 2023 | +8.1% | +1.2% | +18.7% | |
| Q4 2022 | +0.5% | -6.7% | -17.0% | |
| Q3 2022 | +38.9% | +66.5% | +86.0% | |
| Q2 2022 | -4.0% | -15.3% | -8.0% | |
| Q1 2022 | +7.3% | +10.5% | +4.8% | |
| Q4 2021 | +2.5% | +11.9% | +5.0% | |
| Q3 2021 | +12.9% | +7.5% | -12.9% | |
| Q2 2021 | -14.3% | -22.9% | -20.7% | |
| Q1 2021 | +2.1% | +7.4% | +13.6% | |
| Q4 2020 | +15.6% | +19.5% | -28.3% | |
| Q3 2020 | +1.5% | +13.6% | +2.2% | |
| Q2 2020 | -9.5% | -8.3% | -16.8% | |
| Q1 2020 | +2.6% | +0.6% | -0.6% | |
| Q4 2019 | -14.5% | -16.0% | -8.3% | |
| Q3 2019 | -19.4% | -10.0% | -16.9% | |
| Q2 2019 | +18.9% | +27.2% | +35.4% | |
| Q1 2019 | -3.9% | -14.4% | -32.6% | |
| Q4 2018 | -12.1% | -9.3% | -14.0% | |
| Q3 2018 | -15.2% | -17.2% | -31.2% | |
| Q2 2018 | +0.6% | +0.9% | +6.5% | |
| Q1 2018 | -9.9% | -10.9% | +2.1% | |
| Q4 2017 | -7.6% | -14.0% | -15.5% | |
| Q3 2017 | +24.3% | +75.5% | +28.9% | |
| Q2 2017 | +0.2% | +7.9% | +17.1% | |
| Q1 2017 | -1.6% | +2.2% | -11.0% | |
| Q4 2016 | -0.8% | +8.6% | +4.5% | |
| Q3 2016 | -4.2% | -5.1% | -9.7% | |
| Q2 2016 | -1.7% | -4.5% | -7.7% | |
| Q1 2016 | -2.3% | — | — | |
| Q4 2015 | +2.0% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | +1.6% | — | — | |
| Q4 2013 | -8.7% | — | — | |
| Q4 2012 | -8.7% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | +1.6% | — | — | |
| Q3 2014 | -3.0% | — | — | |
| Q2 2014 | -3.4% | — | — | |
| Q1 2014 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q1 2010 | — | — | — |
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