Xunlei is trading at $4.97, down 5.33%, after investors reassessed its August 13 second-quarter results, including a $218.5 million net loss.
- Revenue reached $102.7 million; $213.8 million of the loss largely reflected a fair-value loss on its Arashi Vision investment.
- Gross margin declined as lower-margin livestreaming expanded.
- Bitcoin and Ethereum are up 0.91% and 1.00% since the previous close, while major indexes are only modestly lower, making crypto and broad-market weakness unlikely primary drivers.