Xunlei Limited reported strong Q3 2025 results with total revenues of $126.4 million, a 57.7% year-over-year increase, bolstered by significant growth in subscription and live streaming services.

• Subscription revenue reached $40.7 million, marking a 22.3% increase year-over-year, driven by a rise in premium subscribers.
• Live streaming services surged 127.1% year-over-year to $49.1 million, boosted by expanding international operations and strategic acquisitions.
• Cloud computing revenues increased 44.9% year-over-year to $36.6 million, reflecting strong demand from enterprise customers.
• A substantial gain of $545.8 million from the IPO of Arashi Vision Inc. significantly enhanced the company’s financial position and strategic flexibility.