Aug 13, 2026 earnings call — Consumer pivot and overseas audio live streaming growth
Total revenues were $102.7 million, up 38.9% year-over-year, driven by subscription and overseas audio live streaming.
Revenue $0.1B · EPS $-0.03
Key quotes
"Q2 subscription revenue reached $44.5 million, up 22.6% year-over-year, while the growth rate softened marginally on the sequential basis."
"We continued deploying targeted investments in high-potential emerging markets, including Southeast Asia, the Middle East, Turkey and further expansion into Latin America."
"Beyond operational performance, to further reinforce market confidence and deliver long-term shareholder returns, we announced a new $20 million share repurchase program at the end of June."
Analyst Q&A 2
Share buyback status and spending
Q: The investor asked why the new buyback was not in the press release and wanted current details of the repurchase program. She asked how much has been bought and when the program started.
A: The Board approved a $20 million repurchase program at the end of June and the repurchase began on July 1. As of August 12, the company bought back approximately 1.07 million ADS and spent approximately $5.9 million. Management said the program is ongoing and more details will be in the third quarter report.
"And as of August 12, we bought back approximately 1.07 million shares of ADS and spent approximately $5.9 million, and the repurchase program remains ongoing, and more details will be disclosed in our third quarter financial report." — Eric Zhou (CFO)
Plans to sell stake in Arashi Vision
Q: The investor asked about progress reducing the company's stake in Arashi Vision and what the company will do with any sale proceeds. He also asked about implications of the 1940 Investment Company Act.
A: The company currently holds exactly 7.8% of Vision's equity. Management said they are going through procedures to prepare to reduce their stake but currently have no specific plans for disposal. They also said they must follow regulatory rules, are consulting advisers, and may adjust holdings so investment securities do not exceed 45% of total assets; the company intends to focus on its consumer business and not be an investment company.
"But at this time, we have no specific plans for the share disposal for the time being." — Eric Zhou (CFO)