Overview
uCloudlink Q3 revenue declines 16% yr/yr, missing analyst expectations
Net income for Q3 rises to $9.3 mln from $3.4 mln last year
Company highlights strategic investments and new product launches for future growth
Outlook
uCloudlink expects Q4 2025 revenue between $22.0 mln and $26.5 mln
Company revises 2025 full-year revenue forecast to $81.3 mln-$85.8 mln
uCloudlink cites macroeconomic challenges impacting industry outlook
Result Drivers
INTERNATIONAL DATA CONNECTIVITY - Revenue growth in international data connectivity services driven by expansion of China's outbound travel market
USER ENGAGEMENT - Significant growth in daily and monthly active terminals, particularly in GlocalMe IoT and SIM businesses
PRODUCT LAUNCHES - Launch of new products like PetPhone and MeowGo G40 Pro as strategic growth engines
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $21.10 mln | $22.10 mln (1 Analyst) |
Q3 Adjusted Net Income | $700,000 | ||
Q3 Adjusted EBITDA | $1.40 mln | ||
Q3 Gross Profit | $11.30 mln | ||
Q3 Income from Operations | $9.20 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the wireless telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Ucloudlink Group Inc is $8.00, about 72% above its November 11 closing price of $2.24
The stock recently traded at 100 times the next 12-month earnings vs. a P/E of 118 three months ago
Press Release: ID:nGNXbVfVhL
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)