This will drive the ongoing consolidation and development of our GlocalMe ecosystem, positioning it as a leading global mobile data traffic sharing marketplace while creating long-term sustainable value for our shareholders.” Second Quarter 2024 Financial Results Revenues Total Revenues were US$22.4 million, representing an increase of 1.7% from US$22.0 million in the same period of 2023.
The increase was primarily attributable to an increase in revenues from international data connectivity services to US$9.4 million in the second quarter of 2024 from US$9.0 million in the same period of 2023, as the recovery of international travel improves, which was partially offset by a decrease in revenues from local data connectivity services to US$1.8 million in the second quarter of 2024 from US$2.2 million in the same period of 2023.
Adjusted EBITDA (Non-GAAP) Adjusted EBITDA (Non-GAAP), which excludes the impact of share-based compensation, fair value gain/loss in other investments, share of profit/loss in equity method investment, net of tax, interest expense, income tax expenses and depreciation and amortization, was US$3.3 million, compared to US$2.1 million in the same period of 2023.
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