Xunlei reports Q3 results, approves $20M buyback
- Xunlei press release (XNET): Q3 Non-GAAP diluted loss per ADS of $0.26
- Revenue of $101.3M (-19.9% Y/Y).
Gross profit increased 1.6% Y/Y to $56.5M; gross margin declined to 55.7% from 62.0%.
Non-GAAP net loss from continuing operations was $16.4M vs. net income of $5.6M Y/Y.
Operating loss was $14.8M vs. operating income of $3.3M Y/Y.
Cash, cash equivalents and short-term investments totaled $265.1M as of September 30, 2026.
Board approved a new share repurchase program of up to $20M over 12 months.
KioskNews shows a cleaned-up reading view extracted from the publisher’s page — the original always lives on their site, not ours.