Xunlei Ltd. reported second-quarter 2026 revenue of $102.7 million, a 38.9% increase year-over-year. Subscription revenue grew 22.6% to $44.5 million. Live-streaming and other services revenue surged 54.8%, driven by strong overseas performance.
The company recorded a net loss of $218.5 million, a reversal from the $726.4 million net income reported in the prior-year period. This loss was primarily caused by a $213.8 million non-operating charge related to fair value changes in its investment in Arashi Vision Inc.
Excluding this investment charge and other items, the company's non-GAAP net loss was $2.1 million.