uCloudlink’s Pivot to IoT and Pet AI | Business and Finance News

episode

Business News Today | 2 Min News | The Daily News Now! not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Business News Today | 2 Min News | The Daily News Now!

Japanese Capsule Hotels: Budget Solution for London Hybrid Workers 1 min · 20 Dec 2025

Russia's War Economy: Sustainable or Unsustainable? 2 min · 20 Dec 2025

All episodes from Business News Today | 2 Min News | The Daily News Now! →

Report any issue

Source

Recorded19 Aug 2026

Publisherfeeds.acast.com ↗

Handlerec:20059520

Show notes

uCloudlink’s Q2 2026 revenue dipped to $18.2M amid global economic headwinds and rising chip costs, but the company’s future is bright thanks to explosive growth in its new GlocalMe IoT and PetPhone AI ventures. While legacy international services struggle, GlocalMe IoT surged 392.4% YoY and GlocalMe SIM also climbed, with PetPhone now offering advanced pet health monitoring. Daily active users for GlocalMe Life Solutions jumped 801.6% YoY, proving strong engagement. Despite downgrading full-year revenue to $75M–$85M, uCloudlink is confident its strategic pivot to AI and IoT will power recovery by Q3, with Q3 revenue forecasted at $19M–$22M. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5769ccd2df54186c

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.