On Thursday, Xunlei (XNET.US) bucked the market trend, climbing over 2% to $8.16 at the time of writing. The company reported adjusted earnings of $0.09 per ADS for Q3 2025.

Financial results revealed Xunlei's revenue reached $126.4 million, marking a 57.7% year-over-year increase, demonstrating robust business expansion. Subscription services contributed $40.7 million, up 22.3% YoY, driven by steady subscriber growth and improved willingness to pay.

Live streaming and other services surged 127.1% YoY to $49.1 million, attributed to enriched content ecosystems, enhanced interactive products, and improved platform monetization efficiency. Cloud computing revenue grew 44.9% YoY to $36.6 million, supported by strong demand, particularly in distributed storage and SME services.

For Q4 2025, Xunlei forecasts total revenue between $131 million and $139 million, representing approximately 6.8% sequential growth at the midpoint. The company noted this outlook reflects current preliminary estimates and may be adjusted due to market or operational changes.