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Linktone Q1 Revenue Up 44%

Linktone Press Release, 5/23/08

Chinese wireless value-added service (WVAS) provider Linktone (Nasdaq: LTON) has announced its unaudited financial results for Q1 2008, with gross revenues reaching USD 20.5 mln, up 44% year-on-year and 28% quarter-on-quarter.

GAAP net loss for the quarter came to USD 4.2 mln, compared with a net loss of USD 7.0 mln in the fourth quarter of 2007 and a net loss of USD 3.4 mln in the first quarter of 2007.

First quarter revenue from data-related services such as SMS, MMS, WAP and Java gaming was USD 7.3 mln, accounting for 36% of total revenues.

Revenue from audio-related services such as Interactive Voice Response (IVR) and color ringback tones (CRBT) accounted for 40%, or USD 8.3 mln of total revenues.

Advertising service revenue accounted for USD 4.0 mln, or 20% of total revenues.

The company estimates Q2 2008 revenues will be between USD 16.5 mln to USD 18 mln.

To see the full version of Linktone's earnings report, please click here.

Keywords: SP mobile music ringback tone mobile advertising mobile gaming IVR Java Linktone LTON MMS Q1 2008 SMS WAP wireless WVAS fiscal report

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