Xunlei (NASDAQ:XNET) reported a sharp increase in first-quarter 2026 revenue as growth in subscription services and overseas audio live streaming offset the effects of a recent restructuring that removed its cloud computing business from consolidated results.
On the company’s earnings call, Investor Relations Manager Luhan Tang said the financial results discussed excluded discontinued operations. Chairman and CEO Jinbo Li described the quarter as “a transformative period” for Xunlei, citing disciplined execution, a completed corporate restructuring and a sharper focus on consumer-facing, or “To C,” operations.
