UCLOUDLINK GROUP INC. Announces Unaudited First Quarter 2025 Financial Results

Quick Summary:

We believe these measures will better reflect the direction our business is headed in and provide investors with a clearer understanding of the strategic progress we are making in building a comprehensive global mobile data traffic sharing marketplace.” First Quarter 2025 Financial Results Revenues Total Revenues were US$18.7 million, representing an increase of 3.4% from US$18.1 million in the same period of 2024.

Our financial position remains solid, with adjusted net income of US$0.4 million and net cash inflow from operations of US$0.2 million.Our 1.0 international data connectivity services business continued to grow, with full-speed 5G network coverage increasing to 80 countries and regions, further expanding our market share and strengthening our leading market position.” "A notable highlight during the quarter was the showcasing of our newest innovative solutions for people, Internet of Things (IoT) and pets at MWC Barcelona 2025.

This increase was primarily attributable to an increase in revenues from international data connectivity services to US$9.7 million in the first quarter of 2025 from US$9.0 million in the same period of 2024, as a result of the continual recovery of international travel, which was partially offset by a decrease in revenues from local data connectivity services to US$1.5 million in the first quarter of 2025 from US$1.7 million in the same period of 2024.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: uCloudlink Group Inc.

Category: Technology

Markets: ChinaCanadaHong KongJapanSingaporeUnited States

Topics: US90354D1046 Nasdaq:UCL

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 08:00:00 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 2195 words

Reading Time: 13 minutes read

Sentences: 74 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28887770

View Article Analysis

About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 38 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 22 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

Frequently Asked Questions