Core Viewpoint - UCLOUDLINK GROUP INC. reported its unaudited financial results for the second quarter of 2025, highlighting a decrease in total revenues and net income compared to the same period in 2024, while emphasizing ongoing investments in product innovation and market capabilities to sustain long-term growth [1][4][5]. Financial Highlights - Total revenues were US$19.4 million, a decrease of 13.3% from US$22.4 million in Q2 2024 [4][6]. - Gross profit was US$10.2 million, down 7.0% from US$11.0 million in Q2 2024 [4][9]. - Net income was US$0.7 million, compared to US$2.2 million in Q2 2024 [4][18]. - Adjusted net income (non-GAAP) was US$0.5 million, down from US$2.6 million in Q2 2024 [4][19]. - Adjusted EBITDA (non-GAAP) was US$1.4 million, compared to US$3.3 million in Q2 2024 [4][16]. Operational Highlights - Total data consumed through the platform was 45,441 terabytes, an increase of 7.9% from 42,133 terabytes in Q2 2024 [4]. - Average daily active terminals (DAT) were 317,957, up 3.8% from 306,289 in Q2 2024 [4]. - Average monthly active terminals (MAT) were 663,197, representing a 5.6% increase from 628,125 in Q2 2024 [4]. Revenue Breakdown - Revenues from services were US$14.6 million, an increase of 3.3% from US$14.2 million in Q2 2024 [6]. - Revenues from data connectivity services were US$11.5 million, up 2.1% from US$11.2 million in Q2 2024, driven by international data connectivity services [6]. - Revenues from sales of products were US$4.8 million, a decrease of 42.0% from US$8.2 million in Q2 2024 [13]. Geographic Distribution - Japan contributed 33.6% to total revenues, mainland China contributed 33.2%, North America contributed 15.3%, and other regions contributed 17.9% [7]. Cost and Expenses - Cost of revenues was US$9.2 million, down 19.5% from US$11.4 million in Q2 2024 [8]. - Total operating expenses were US$10.4 million, compared to US$9.1 million in Q2 2024 [11]. Business Outlook - For Q3 2025, UCLOUDLINK expects total revenues to be between US$22.0 million and US$26.0 million, reflecting a potential decrease of 12.7% to an increase of 3.2% compared to Q3 2024 [23]. - The company revised its full-year revenue guidance for 2025 to a range of US$85 million to US$95 million, down from a previous range of US$95 million to US$130 million due to macroeconomic challenges [24].