User Growth

UCLOUDLINK’s Q3 2025 results reveal a mixed performance. Revenue decreased by 16% to US$21.1 million, while net income significantly increased to US$9.3 million. User engagement showed positive growth, with DAU reaching 352,227 (+6.1% YoY) and MAU reaching 761,586 (+11.9% YoY). Total data consumption rose to 49,044 TB (+9.0% YoY). The company reaffirmed its FY2025 revenue guidance of US$81.3M-US$85.8M, and projected Q4 2025 revenue of US$22.0M–US$26.5M. Adjusted net income and EBITDA declined.

Duolingo’s shares fell 27% after releasing weaker-than-expected guidance, signaling a focus on user growth over immediate revenue. While Q1 revenue surged 41% to $272M, exceeding estimates, bookings guidance for the next quarter disappointed. Despite a rise in paid subscribers to 11.5 million, daily and monthly active user numbers missed expectations. The company is leveraging AI for new features and courses but the market reacted negatively to the profitability outlook amid increased investment in long-term user acquisition.

Snap shares jumped 15% after Q3 earnings beat revenue expectations with $1.51 billion and the announcement of a $500M stock repurchase program. A key driver is a partnership with Perplexity AI, integrating its search into Snapchat in 2026 for $400M, enhancing user experience and AI platform capabilities. While Q4 sales are projected at $1.68-1.71B, the company acknowledged potential user engagement declines due to regulations and platform changes. Snap is also creating a subsidiary for Specs AR glasses.

Instagram has reached 3 billion monthly active users, as announced by Meta CEO Mark Zuckerberg. This marks a significant growth from the 2 billion users reported in October 2022. The platform’s success is attributed to its visual format and evolving features. In related news, Instagram has implemented new default privacy settings, setting all underage accounts to private. This reflects growing concerns about online safety for younger users.

A QuestMobile report reveals China’s mobile internet landscape, with 1.267 billion MAUs. The “winner-takes-all” effect is intensifying, leading to clear market tiers. Tencent and Alibaba lead, but ByteDance (抖音集团) has surpassed Baidu in user reach, shifting the dominance from “BAT” to “DAT.” JD.com and ByteDance are experiencing significant user growth, while others like Pinduoduo and Meituan show more modest or negative growth, indicating a dynamic market.