Live Streaming Revenue & Others was Xunlei’s largest revenue line in fiscal 2025, bringing in $170.16M of $462.41M (37%).
| Products and Services | FY 2016 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Subscription Revenue | $100.56M | $119.34M | $133.68M | $154.80M | ||||
| Subscription & Circulation | — | — | — | — | ||||
| Cloud Computing Services & Product Revenue | $119.64M | $123.41M | $104.58M | $137.45M | ||||
| Cloud Computing Service & Product Revenue | — | — | — | — | ||||
| Cloud Computing Service, Other Internet Value-Added Services & Product Revenue | — | — | — | — | ||||
| Product & Service, Other | — | — | — | — | ||||
| Live Streaming Revenue & Others | $122.37M | $122.16M | $86.14M | $170.16M | ||||
| Live Streaming Revenue & Other Internet Value-Added Services | — | — | — | — | ||||
| Live Streaming Revenue | — | — | — | — | ||||
| Advertising | — | — | — | — | ||||
| Product Revenue | — | — | — | — | ||||
| Product | — | — | — | — | ||||
| Shareholder Service | — | — | — | — | ||||
| Technology Service | — | — | — | — | ||||
| Total | $342.56M | $364.91M | $324.41M | $462.41M |
Xunlei brought in $462.41M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 42.5% from $324.41M in fiscal 2024. Live Streaming Revenue & Others was the largest at $170.16M (36.8%), ahead of Subscription Revenue at $154.80M (33.5%) and Cloud Computing Services & Product Revenue at $137.45M (29.7%).
Compared with fiscal 2024, Live Streaming Revenue & Others grew fastest, up 97.5% to $170.16M. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $342.56M to $462.41M, a compound annual growth rate of 10.5%. Live Streaming Revenue & Others' share of the total rose from 35.7% to 36.8%.
Xunlei was Xunlei’s largest segment in fiscal 2025, bringing in $442.29M of $462.41M (96%).
| Segment | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Xunlei | — | — | — | $442.29M |
| Single Reportable | $342.56M | $364.91M | $324.41M | — |
| Hupu | — | — | — | $20.12M |
| Total | $342.56M | $364.91M | $324.41M | $462.41M |
Xunlei brought in $462.41M from its two segments in fiscal 2025, the year ended December 31, 2025. Xunlei regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $324.41M. Xunlei was the largest at $442.29M (95.6%), ahead of Hupu at $20.12M (4.4%).
Xunlei began breaking out Xunlei in fiscal 2025 and Hupu in fiscal 2025. Xunlei stopped reporting Single Reportable as a separate segment after fiscal 2024, when it brought in $324.41M.
Xunlei (XNET) reports its revenue by products and services and by segment. In fiscal 2025, Live Streaming Revenue & Others was its largest revenue line, bringing in $170.16M (36.8% of the total), followed by Subscription Revenue at $154.80M (33.5%).
Live Streaming Revenue & Others was Xunlei's largest revenue line in fiscal 2025, bringing in $170.16M, or 36.8% of the $462.41M total across its three revenue lines.
Xunlei was Xunlei's largest segment in fiscal 2025, bringing in $442.29M, or 95.6% of the $462.41M total across its two segments.
Among Xunlei's revenue lines that make up at least 2% of revenue, Live Streaming Revenue & Others grew fastest in fiscal 2025, up 97.5% from $86.14M to $170.16M.
Every figure comes from Xunlei's annual financial filings, as reported. Each line keeps the name Xunlei gives it, and years follow its fiscal calendar.
Xunlei's revenue by products and services goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.