Hong Kong's uCloudlink Q3 revenue rises 1.1%, posts net loss
UCL•uCloudlink's third-quarter revenue rose 1.1% year over year to $21.4 million, while it posted an adjusted net loss of $0.6 million and adjusted EBITDA of negative $0.2 million. The company expects fourth-quarter revenue of $22.5 million to $25.5 million and 2026 revenue of $79 million to $82 million.
1. Quarterly results
uCloudlink reported third-quarter revenue of $21.4 million, up 1.1% year over year. Adjusted net loss was $0.6 million, adjusted EBITDA was negative $0.2 million, gross profit was $11.1 million and income from operations was $0.2 million.
2. Business trends and outlook
Revenue from international data connectivity services fell as outbound travel demand from China weakened amid macroeconomic headwinds and geopolitical uncertainties. Growth in GlocalMe IoT and SIM businesses partly offset the decline, while higher terminal and other product sales came with lower product gross margins, partly due to product mix and higher component costs, especially memory chips. uCloudlink expects fourth-quarter revenue of $22.5 million to $25.5 million and 2026 revenue of $79 million to $82 million.
