uCloudlink's Q2 2025: Contradictions in Tariffs, Product Impact, and Revenue Growth

Growth in GlocalMe Ecosystem:
- uCloudlink's average month active terminals (MAT) for GlocalMe IoT, GlocalMe SIM, and GlocalMe Life increased by 791.0%, 120.1%, and 105.2% year-over-year, respectively.
- The growth was driven by the company's focused investment in R&D and marketing for new product lines, as well as strategic partnerships.

Revenue Performance and Market Challenges:
- Total revenue for the second quarter was USD 19.4 million, a 13.3% decrease from the previous year.
- The decrease was primarily due to delayed orders in the Japan market and macroeconomic headwinds affecting sales in the U.S. market.

Mobile Fixed Broadband Innovation:
- uCloudlink launched the MeowGo G40 Pro, which supports 3x faster speed than traditional 4G devices, and will introduce the MeowGo G50 Max with AI-driven network switching.
- These innovations aim to transform portable connectivity and solidify the company's leadership in the mobile fixed broadband industry.

Expansion and IoT Momentum:
- The GlocalMe IoT solutions experienced a 10x year-over-year increase in user adoption since commercialization, now entering a new growth phase.
- The expansion is driven by strategic partnerships with industry leaders, enabling IoT connectivity solutions for various verticals and solidifying IoT as a key business pillar.