Xunlei’s Q1 2026 Earnings: Revenue Jumps 54.1%, with Overseas Business Stealing the Show as the Next Big Growth Driver

Xunlei just dropped its Q1 2026 earnings report on May 28 (for the three months ended March 31, 2026), and the numbers are pretty impressive. Total revenue hit $98.6 million, shooting up 54.1% compared to the same period last year. On the profitability front, gross profit came in at $57.7 million, up 45.8% year-over-year, with a gross margin of 58.5%. So what’s behind that gross profit bump? It’s mainly the membership business and the overseas social networking business pulling their weight. On a non-GAAP basis, net income from continuing operations was $4.1 million.