UCLOUDLINK GROUP INC. Announces Unaudited First Quarter 2025 Financial Results

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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.

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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 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 2195 words

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