Exhibit 99.1
 LINKTONE REPORTS UNAUDITED FIRST QUARTER
2011 FINANCIAL RESULTS
 BEIJING, China, June 9, 2011
 UNAUDITED RESULTS FOR THE FIRST QUARTER
 Three months endedUS$ million, except for per ADS items
    
    March 31, 2011
    
    
    December 31, 2010
    
    
    March 31, 2010Gross Revenues
    
    $
    13.9
    
    
    $
    16.1
    
    
    $
    19.0Gross Profit
    
    
    4.9
    
    
    
    4.6
    
    
    
    4.9Operating Income/(Loss)
    
    
    (0.5
    )
    
    
    (2.4
    )
    
    
    0.0GAAP Net Income/(Loss) from Continuing
Operations
    
    
    0.9
    
    
    
    (1.7
    )
    
    
    0.1GAAP Net Income/(Loss)
    
    
    0.9
    
    
    
    (1.4
    )
    
    
    0.1GAAP Net Income/(Loss) per ADS (Diluted)
    
    $
    0.02
    
    
    $
    (0.03
    )
    
    $
    0.00Non-GAAP Net Income/(Loss)
    
    
    0.9
    
    
    
    (0.1
    )
    
    
    0.2Non-GAAP Net Income/(Loss) per ADS (Diluted)
    
    $
    0.02
    
    
    $
    (0.00
    )
    
    $
    0.00
 Cash and cash equivalents
  Gross revenues
 GAAP net income




---



##### 



FIRST QUARTER REVENUE MIX
  Three months endedMarch 31, 2011
    
    
    December 31, 2010Gross
    
    
    % of Gross
    
    
    Gross
    
    
    % of GrossUS$ million, except for %
    
    Revenues
    
    
    Revenues
    
    
    Revenues
    
    
    RevenuesVAS Data-related services
    
    $
    7.1
    
    
    
    51
    %
    
    $
    10.1
    
    
    
    63
    %VAS Audio-related services
    
    
    2.1
    
    
    
    15
    %
    
    
    1.1
    
    
    
    7
    %Media content
    
    
    3.7
    
    
    
    27
    %
    
    
    4.1
    
    
    
    25
    %Mobile games
    
    
    0.6
    
    
    
    4
    %
    
    
    0.5
    
    
    
    3
    %PC games
    
    
    0.4
    
    
    
    3
    %
    
    
    0.3
    
    
    
    2
    %Total gross revenue
    
    $
    13.9
    
    
    
    100
    %
    
    $
    16.1
    
    
    
    100
    %
  Data-related services
  2




---



##### 



Three months endedMarch 31, 2011
    
    
    December 31, 2010Gross
    
    
    % of Gross
    
    
    Gross
    
    
    % of GrossUS$ million, except for %
    
    Revenues
    
    
    Revenues
    
    
    Revenues
    
    
    RevenuesSMS
    
    $
    5.6
    
    
    
    40
    %
    
    $
    8.7
    
    
    
    54
    %MMS
    
    
    0.7
    
    
    
    5
    %
    
    
    0.8
    
    
    
    5
    %WAP and JAVA
    
    
    0.8
    
    
    
    6
    %
    
    
    0.6
    
    
    
    4
    %Total Data-related services
    
    $
    7.1
    
    
    
    51
    %
    
    $
    10.1
    
    
    
    63
    %
 
    
    Short messaging services (SMS)revenue decreased sequentially, primarily due to the
above-mentioned policy tightening at CMCC and CU. Linktones Indonesia operation generated
SMS revenue of $1.2 million for the first quarter of 2011, compared with $1.3 million in the
fourth quarter of 2010.
 
    
    Wireless Application Protocol (WAP) and Java Gaming (Java)revenue increased
sequentially, primarily due to an increase in Java services, following the launch of new
versions of certain titles on selected handsets.
 Audio-related services
  Three months endedMarch 31, 2011
    
    
    December 31, 2010Gross
    
    
    % of Gross
    
    
    Gross
    
    
    % of GrossUS$ million, except for %
    
    Revenues
    
    
    Revenues
    
    
    Revenues
    
    
    RevenuesIVR
    
    $
    1.6
    
    
    
    11
    %
    
    $
    1.5
    
    
    
    9
    %Less reversal
    
    
    
    
    
    
    
    
    
    
    (1.5
    )
    
    
    (9
    %)Adjusted IVR
    
    $
    1.6
    
    
    
    11
    %
    
    
    
    
    
    
    CRBT
    
    
    0.5
    
    
    
    4
    %
    
    
    1.1
    
    
    
    7
    %Total Audio-related services
    
    $
    2.1
    
    
    
    15
    %
    
    $
    1.1
    
    
    
    7
    %
 
    
    Interactive Voice Response services (IVR)revenue increased sequentially, primarily due
to the aforementioned one-time $1.5 million reversal of IVR revenue in the fourth quarter of
2010. Linktone did not incur any such revenue reversal in the first quarter of 2011 and does
not expect to recognize any additional revenue adjustments in future periods.
 
    
    Color Ring-Back Tones (CRBT)revenue declined sequentially due to centralized
management of CRBT contents by CMCC, which reduced the level of CRBT cooperation and the
related revenue contribution at provincial levels.
  3




---



##### 



Media content
 Mobile games
 MARGINS, EXPENSES AND BALANCE SHEET
 Three months endedUS$ million, except for margin items
    
    March 31, 2011
    
    
    December 31, 2010
    
    
    March 31, 2010Gross profit margin
    
    
    35
    %
    
    
    29
    %
    
    
    26
    %Operating income/(loss) margin
    
    
    (4
    %)
    
    
    (15
    %)
    
    
    0
    %Operating expenses
    
    $
    5.5
    
    
    $
    6.9
    
    
    $
    4.9Selling and marketing expenses
    
    
    2.2
    
    
    
    1.4
    
    
    
    2.1Product development expenses
    
    
    0.5
    
    
    
    0.7
    
    
    
    0.8Other general and administrative expenses
    
    
    2.8
    
    
    
    3.7
    
    
    
    2.0Income tax expense/(benefit)
    
    
    0.1
    
    
    
    (0.4
    )
    
    
    0.4
  
    
    Gross profit marginincreased sequentially, primarily due to an improvement in
cooperation terms with channel partners and a non-recurring reversal of IVR revenue in the
fourth quarter of 2010. First quarter 2010 gross margin was impacted by a one-time increase
in revenue sharing payments to new business partners related to certain popular IVR content.
 
    
    Operating loss marginimproved on a sequential quarter basis primarily as a result of
improved operational efficiency and decreased general and administrative expenses and
impairment expenses, partially offset by increased selling and marketing expenses.
 
    
    Operating expensesfor the fourth quarter of 2010 totaled $6.9 million. This included an
impairment provision of $1.2 million against a loan receivable from Allied Pacific Sports
Baseball Network Limited and Allied Pacific Sports Network Limited that was deemed unlikely
to be collectible. Excluding the impact of this impairment expense, operating expenses for
the first quarter of 2011 were in-line with the fourth quarter of 2010.
 
    
    Selling and marketing expensesincreased primarily due to more marketing activities via
operator channels during the first quarter of 2011.
 
    
    Other general and administrative expensesdecreased compared with the fourth quarter of
2010. This decline was attributable to the reversal of a doubtful debt provision following
the first quarter collection of a prior trade receivable, lower consulting fees and improved
operational efficiency. The year-over-year increase in other general and administrative
expenses was primarily related to expenses associated with the subsidiaries the Company
acquired in 2010.
  4




---



##### 




    
    The Company realized an Income taxbenefit in the first quarter of 2011, due primarily to
a true-up of the tax provision to returns prepared for the year 2010, which reduced the
income tax expense recorded for 2010.
 
    
    Cash and cash equivalents, as well as short-term investments available for sale,totaled
$97.4 million as of March 31, 2011, compared with $93.0 million as of December 31, 2010.
The increase was primarily due to the $3.4 million in cash flow from operations during the
first quarter of 2011.
 SECOND QUARTER 2011 OUTLOOK
 
    
    For the second quarter ending June 30, 2011, Linktone anticipates gross revenues to be in
the range of $12 million to $14 million, including revenue from its VAS services,
distribution of licensed products and other services.
 USE OF NON-GAAP FINANCIAL MEASURES
    5




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##### 



ABOUT LINKTONE LTD.
  FORWARD-LOOKING STATEMENTS
  Investor Relations    linktone@thepiacentegroup.com
  6




---



##### 



LINKTONE LTD.
 CONSOLIDATED BALANCE SHEETS
  December 31,
    
    
    March 31,2010
    
    
    2011(unaudited)
    
    
    (unaudited)AssetsCurrent assets:Cash and cash equivalents
    
    
    58,875,399
    
    
    
    69,897,044Restricted cash
    
    
    573,784
    
    
    
    579,586Short-term investments
    
    
    34,128,663
    
    
    
    27,501,475Accounts receivable, net
    
    
    17,871,933
    
    
    
    16,230,235Tax refund receivable
    
    
    2,767,084
    
    
    
    2,897,600Inventory
    
    
    2,304,716
    
    
    
    2,417,693Deposits and other current assets
    
    
    6,283,156
    
    
    
    4,583,877Deferred tax assets
    
    
    1,254,529
    
    
    
    1,120,051Total current assets
    
    
    124,059,264
    
    
    
    125,227,561Property and equipment, net
    
    
    11,796,390
    
    
    
    11,920,439Intangible assets, net
    
    
    11,546,227
    
    
    
    11,058,285Goodwill
    
    
    40,483,355
    
    
    
    40,483,355Non-current assets held for sale
    
    
    819,578
    
    
    
    819,578Deferred tax assets
    
    
    72,480
    
    
    
    121,693Other long-term assets
    
    
    2,499,426
    
    
    
    2,530,538Total assets
    
    
    191,276,720
    
    
    
    192,161,449Liabilities and shareholders equityCurrent liabilities:Taxes payable
    
    
    3,696,039
    
    
    
    3,978,708Accounts payable, accrued liabilities and other payables
    
    
    24,045,406
    
    
    
    24,656,341Short-term loan
    
    
    4,191,591
    
    
    
    4,363,170Loan payableDeferred revenue
    
    
    402,139
    
    
    
    405,832Deferred tax liabilities
    
    
    1,078,403
    
    
    
    1,050,232Total current liabilities
    
    
    33,413,578
    
    
    
    34,454,283Long-term liabilitiesDeferred tax liabilities
    
    
    1,743,466
    
    
    
    1,725,809Other long term liabilities
    
    
    2,412,068
    
    
    
    871,911Total liabilities
    
    
    37,569,112
    
    
    
    37,052,003Shareholders equityLinktone Ltd. shareholders equity:Ordinary shares ($0.0001 par value; 500,000,000 shares
authorized, 421,130,130 shares and 421,435,030 shares
issued and outstanding as of December 31, 2010 and
March 31, 2011, respectively)
    
    
    42,113
    
    
    
    42,144Additional paid-in capital
    
    
    137,581,956
    
    
    
    137,634,339Statutory reserves
    
    
    2,466,165
    
    
    
    2,466,165Accumulated other comprehensive income:Unrealized gain on investment in marketable securities
    
    
    2,329,174
    
    
    
    1,571,236Cumulative translation adjustments
    
    
    9,563,052
    
    
    
    10,720,668Accumulated losses
    
    
    (19,689,371
    )
    
    
    (18,788,099
    )Non-controlling interest
    
    
    21,414,519
    
    
    
    21,462,993Total shareholders equity
    
    
    153,707,608
    
    
    
    155,109,446Total liabilities and shareholders equity
    
    
    191,276,720
    
    
    
    192,161,449
  7




---



##### 



LINKTONE LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
 Three months endedMarch 31,
    
    
    December 31,
    
    
    March 31,2010
    
    
    2010
    
    
    2011(unaudited)
    
    
    (unaudited)
    
    
    (unaudited)Gross revenues
    
    
    18,957,884
    
    
    
    16,104,539
    
    
    
    13,942,210Sales tax
    
    
    (596,715
    )
    
    
    (503,868
    )
    
    
    (227,600
    )Net revenues
    
    
    18,361,169
    
    
    
    15,600,671
    
    
    
    13,714,610Cost of services
    
    
    (13,430,402
    )
    
    
    (11,025,110
    )
    
    
    (8,770,399
    )Gross profit
    
    
    4,930,767
    
    
    
    4,575,561
    
    
    
    4,944,211Operating expenses:Product development
    
    
    (821,127
    )
    
    
    (690,866
    )
    
    
    (545,191
    )Selling and marketing
    
    
    (2,097,175
    )
    
    
    (1,376,221
    )
    
    
    (2,165,032
    )Other general and administrative
    
    
    (2,022,695
    )
    
    
    (3,650,808
    )
    
    
    (2,787,383
    )Reversal/(provision) for impairment
    
    
    14,648
    
    
    
    (1,212,455
    )
    
    
    37,975Total operating expenses
    
    
    (4,926,349
    )
    
    
    (6,930,350
    )
    
    
    (5,459,631
    )Income/(loss) from operations
    
    
    4,418
    
    
    
    (2,354,789
    )
    
    
    (515,420
    )Interest income
    
    
    543,247
    
    
    
    244,596
    
    
    
    913,845Other income / (loss)
    
    
    (2,496
    )
    
    
    206,031
    
    
    
    490,395Gain on disposal of investments
    
    
    
    
    
    
    
    
    
    
    200,000Income/(loss) before tax
    
    
    545,169
    
    
    
    (1,904,162
    )
    
    
    1,088,820Income tax benefit/(expense)
    
    
    (409,172
    )
    
    
    357,380
    
    
    
    (141,545
    )Less: Net income attributable to non-controlling interest
    
    
    (34,986
    )
    
    
    (156,235
    )
    
    
    (46,003
    )Net income/(loss) from continuing operations
    
    
    101,011
    
    
    
    (1,703,017
    )
    
    
    901,272Net income from discontinued operations
    
    
    
    
    
    
    315,256
    
    
    
    Net income/(loss)
    
    
    101,011
    
    
    
    (1,387,761
    )
    
    
    901,272Other comprehensive income:
    
    
    20,804
    
    
    
    2,685,026
    
    
    
    399,678Comprehensive income
    
    
    121,815
    
    
    
    1,297,265
    
    
    
    1,300,950Basic income/(loss) per ordinary share:Continuing operations
    
    
    0.00
    
    
    
    (0.00
    )
    
    
    0.00Discontinued operations
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Total net income/(loss)
    
    
    0.00
    
    
    
    (0.00
    )
    
    
    0.00Diluted income/(loss) per ordinary share:Continuing operations
    
    
    0.00
    
    
    
    (0.00
    )
    
    
    0.00Discontinued operations
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Total net income/(loss)
    
    
    0.00
    
    
    
    (0.00
    )
    
    
    0.00Basic income/(loss) per ADS:Continuing operations
    
    
    0.00
    
    
    
    (0.04
    )
    
    
    0.02Discontinued operations
    
    
    0.00
    
    
    
    0.01
    
    
    
    0.00Total net income/(loss)
    
    
    0.00
    
    
    
    (0.03
    )
    
    
    0.02Diluted income/(loss) per ADS:Continuing operations
    
    
    0.00
    
    
    
    (0.04
    )
    
    
    0.02Discontinued operations
    
    
    0.00
    
    
    
    0.01
    
    
    
    0.00Total net income/(loss)
    
    
    0.00
    
    
    
    (0.03
    )
    
    
    0.02Weighted average ordinary shares:Basic
    
    
    420,756,430
    
    
    
    421,130,130
    
    
    
    421,193,281Diluted
    
    
    421,168,821
    
    
    
    421,130,130
    
    
    
    421,285,286Weighted average ADSs:Basic
    
    
    42,075,643
    
    
    
    42,113,013
    
    
    
    42,119,328Diluted
    
    
    42,116,882
    
    
    
    42,113,013
    
    
    
    42,128,529
  8




---



##### 



LINKTONE LTD.
NON-GAAP RECONCILIATION
 Three months endedMarch 31,
    
    
    December 31,
    
    
    March 31,2010
    
    
    2010
    
    
    2011(unaudited)
    
    
    (unaudited)
    
    
    (unaudited)Net income/(loss)
    
    
    101,011
    
    
    
    (1,387,761
    )
    
    
    901,272Less: Stock based compensation expense
    
    
    (76,915
    )
    
    
    (52,490
    )
    
    
    (22,381
    )Reversal/(provision) for impairment
    
    
    14,648
    
    
    
    (1,212,455
    )
    
    
    37,975Non-GAAP net income/(loss)
    
    
    163,278
    
    
    
    (122,816
    )
    
    
    885,678Non-GAAP diluted income/(loss) per share
    
    
    0.00
    
    
    
    (0.00
    )
    
    
    0.00Non-GAAP diluted income/(loss) per ADS
    
    
    0.00
    
    
    
    (0.00
    )
    
    
    0.02Number of shares used in diluted per-share calculation
    
    
    421,168,821
    
    
    
    421,130,130
    
    
    
    421,285,286Number of ADSs used in diluted per-share calculation
    
    
    42,116,882
    
    
    
    42,113,013
    
    
    
    42,128,529
  9