Xunlei shared its third-quarter results, showing $101.3 million in sales but a big loss of $235.8 million.

Nov 12, 2026, 8:04 PM ETResultsRead the original at globenewswire.com

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Xunlei's sales rose 12.9%, but it swung from $550.4 million in net income to a $235.8 million loss. Its cash and buybacks help, but do not outweigh the profit reversal.

XNET · Xunlei Limited

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The AI's read

The sales increase did not prevent a sharp turn in reported profit. The company also shifted from a $5.6 million profit to a $16.4 million loss on a separate reported measure. Its $265.1 million cash balance gives it a cushion, and it used $13.8 million of its $20 million share-buyback plan. Those facts do not erase the turn from profit to losses.

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