Xunlei Limited (XNET) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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XNET Revenue Growth
Revenue Breakdown (FY 2023)
XNET's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
XNET Revenue Analysis (2013–2024)
As of May 8, 2026, Xunlei Limited (XNET) generated trailing twelve-month (TTM) revenue of $401.9 million, reflecting explosive growth of +57.7% year-over-year. The most recent quarter (Q3 2025) recorded $125.9 million in revenue, up 21.6% sequentially.
Looking at the longer-term picture, XNET's 5-year compound annual growth rate (CAGR) stands at +12.3%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $363.7 million in 2023.
Revenue diversification analysis shows XNET's business is primarily driven by Live streaming revenue (51%), and Subscription revenue (49%). With over half of revenue concentrated in Live streaming revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including MOMO (-2.7% YoY), DOYU (-11.1% YoY), and HUYA (-2.1% YoY), XNET has outperformed the peer group in terms of revenue growth. Compare XNET vs MOMO →
XNET Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| XNETCurrent | $402M | +57.7% | +12.3% | -4.9% | |
 MOMO | $10.1B | -2.7% | -6.6% | 12.7% | |
 DOYU | $4.3B | -11.1% | -10.1% | -13.2% | |
 HUYA | $6.1B | -2.1% | +38.2% | -3.1% | |
 IQ | $29.2B | -10.6% | +0.2% | 6.2% | |
 BILI | $26.8B | +22.7% | +31.7% | -5.0% |
XNET Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $323.1M | -11.2% | $167.6M | 51.9% | $-15,704,000 | -4.9% |
| 2023 | $363.7M | +6.5% | $163.1M | 44.8% | $-1,612,000 | -0.4% |
| 2022 | $341.5M | +43.0% | $141.4M | 41.4% | $10.1M | 2.9% |
| 2021 | $238.8M | +28.1% | $120.2M | 50.3% | $-4,323,000 | -1.8% |
| 2020 | $186.4M | +3.2% | $93.7M | 50.3% | $-18,793,000 | -10.1% |
| 2019 | $180.7M | -21.7% | $80.8M | 44.7% | $-56,422,000 | -31.2% |
| 2018 | $230.6M | +15.0% | $114.9M | 49.8% | $-44,329,000 | -19.2% |
| 2017 | $200.6M | +28.4% | $82.7M | 41.2% | $-54,201,000 | -27.0% |
| 2016 | $156.2M | +20.5% | $75.8M | 48.6% | $-33,467,000 | -21.4% |
| 2015 | $129.6M | -27.8% | $69.6M | 53.7% | $-12,465,000 | -9.6% |
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Start ComparisonXNET — Frequently Asked Questions
Quick answers to the most common questions about buying XNET stock.
Is XNET's revenue growth accelerating or slowing?
XNET revenue is accelerating at +57.7% year-over-year, exceeding the 5-year CAGR of +12.3%. TTM revenue reached $402M. Growth momentum has increased versus prior periods.
What is XNET's long-term revenue growth rate?
Xunlei Limited's 5-year revenue CAGR of +12.3% reflects the sustained expansion pattern. Current YoY growth of +57.7% is above this long-term average.
How is XNET's revenue distributed by segment?
XNET reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.