Exhibit 99.1

NQ Mobile Inc. reports financial results for the First, Second and Third Quarter of 2014

BEIJING and DALLAS, December 18, 2014 /PRNewswire/ - NQ Mobile Inc. (“NQ Mobile” or the “Company”) (NYSE: NQ), a leading global provider of mobile internet services, today announced its unaudited financial results for the first, second and third quarter of fiscal year 2014.

Highlights For Period From January 1, 2014 to September 30, 2014

• Recorded Net Revenues of $242.6 million for the first three quarters ended September 30, 2014.

• Generated a total of $22.0 million in operating cash flow for the first three quarters ended September 30, 2014.

• The Company has maintained a strong balance sheet position despite numerous extraordinary items, total cash, cash equivalents and term deposits as of September 30, 2014 was $278.3 million.

• Non-GAAP net income attributable to NQ Mobile for the first three quarters ended September 30, 2014 was $23.0 million.

• Net Revenues for the fourth quarter of 2014 expected to be between $82 and $83 million.

• Full year 2014 Net Revenues expected to range from $325 million to $326 million, up from the previously stated guidance range of $320 to $325 million.

Operating Metrics as of September 30, 2014

The Company is herein presenting, for the first time, the operating metrics of average monthly active user accounts (“MAUs”) as redefined to include many emerging businesses previously not included in the Company’s user account metrics. The MAUs presented herein include the user accounts in NQ Live, Music Radar and more recent investments such as Yipai and Showself, among others. As such, the MAUs presented herein should not be compared to previously reported operating metrics in historical periods because there is not a way to accurately compare such results. The MAUs for the period presented herein and going forward are expected to be better aligned with the key underlying trends of a mobile Internet platform company focused on driving mobile consumer traffic and engagement that can be monetized by advertising services. The MAU statistics do not include the users addressed by the installation of the Company’s advertising SDK into third-party applications or users addressed by the integration of the Company’s audio and image-based search technologies into third-party applications These indirect users generate impressions and search traffic that the Company can monetize outside of the user accounts generated directly by the Company’s own portfolio of products and applications.

Average Monthly Active User Accounts as of September 30, 2014: 159.0 million

“We are pleased to report our earnings results for the first three quarters of 2014, and we are excited about the new leadership we have in place and what the future holds for NQ Mobile,” said Omar Khan, Co-Chief Executive Officer of NQ Mobile. “The last year has had its share of challenges, but as we continue to successfully implement our strategy and transition to a traffic-based advertising model, we are extremely confident about our direction, our revenue growth, and what this means for our consumers and shareholders.”

“NQ Mobile is heading into the new year in an extraordinarily strong position. We are putting last year’s challenges behind us, we are generating strong cash flow from our operations, and we have an extremely talented and committed team,” said Dr. Vincent Wenyong Shi, Chairman, Chief Operating Officer and Acting Chief Financial Officer of NQ Mobile. “With our strategy in place, and the continued acceleration of the growth of our search and platform related revenues, we believe we can achieve great financial performance in 2015.”

1

Quarterly Results Presentation

There will be a separate section for the first three quarters ended September 30, 2014 presented below. Within each section, there is added commentary and descriptions outlining various extraordinary items, business mix impacts, as well as other factors associated with business trends. Similar to the changes in the presentation of operating metrics to better align with NQ Mobile’s current business, the Company is also presenting net revenues in segments that match NQ Mobile’s business now and going forward. Specifically, the Company plans to present net revenues in the following segments: Mobile Value Added Services, which include mobile security and productivity, mobile games, social entertainment and search related revenues when that business becomes more significant in the future; Advertising Services, which include all of the Company’s advertising, third party app referral, promotion and advertisement network revenues; Enterprise Mobility, which encompasses all of the Company’s enterprise revenues, and Other Services, which includes revenues generated by providing technical contract services to third parties.

The specific commentary for each quarter reported herein is provided below in the section for each respective quarter, presented below, but in an effort to help consolidate and clearly describe some of the key business trends and items that impacted the profitability in the Company’s business thus far in 2014, below please find a summary of the three major items impacting NQ Mobile’s profitability:

1. Enterprise Mix: The biggest impact to profitability over this reporting period ended September 30, 2014 is the change in business mix and expansion of the enterprise mobility segment. The Company generated total net revenues of $104.7 million in its enterprise mobility segment for the first three quarters ended September 30, 2014 compared to $29.5 million over the same period in 2013. The majority of the increase in enterprise mobility revenues came from product sales. The total cost of sales associated with product sales increased to $94.0 million for the first three quarters ended September 2014 compared to $19.6 million for the same period in 2013. This increase accounted for approximately 63.4% of the total increase in the Company’s total cost of revenues for the period compared to last year.

2. Cost of Revenues Increase excluding the Enterprise Mix: Excluding the impact from the increased enterprise mobility revenue mix, the remaining increase in cost of revenues was driven primarily by two factors. The biggest factor is related to the advertising services segment. Specifically, the costs in the advertising services segment include the payments the Company makes to developers and other partners for their advertising space (inventory) for which NQ Mobile delivers advertising. These advertising inventory costs increased compared to the same period in 2013. This increase accounted for approximately 18.9% of the total increase in the Company’s total cost of revenues, or approximately $22.2 million for the first three quarters ended September 30, 2014 compared to the same period in 2013. The second factor is related to the Company’s subsidiary FL Mobile and specifically, mobile game revenues. The revenue sharing costs associated with app stores and other business partners have increased year over year as mobile game revenues increased. This increase accounted for approximately 10.6% of the total increase in the total cost of revenues for the three quarters ended September 30, 2014 compared to the same period last year.

3. Operating Costs: There were three main factors within operating costs that impacted profitability in the reported periods. The first is the extraordinary and one-time items related to the expenses incurred for the handling of short seller allegations and all of the associated independent investigation work, professional fees and extra auditor fees, among others. These total extraordinary costs incurred over the first three quarters ended September 30, 2014 amounted to $6.8 million. We do not see these costs factoring into operating expenses going forward. The second factor was the increase in share-based compensation expense. Total share-based compensation expense increased to $64.5 million for the first three quarters ended September 30, 2014, up from $40.5 million during the same period in 2013. The increase was primarily from share-based compensation expense associated with the Company’s investments and acquisitions. The final factor that led to an increase in operating expenses in the three quarters ended September 30, 2014 over the same period from last year came from the operating expenses, including higher staff costs, from the Company’s emerging products and new businesses that the Company has not yet started to materially monetize. Some of these businesses include NQ Live (or vLife), Music Radar (Yinlong), Ruifeng (the Company’s mobile healthcare services), among others.

2

First Quarter 2014 Results

Revenues

Net revenues in the first quarter of 2014 increased 140.1% year-over-year to $79.8 million from $33.2 million in the same period in 2013.

Mobile value added service revenues increased 20.2% year-over-year to $27.4 million from $22.7 million in the same period in 2013. The increase in mobile value added service revenues was primarily due to the increase of mobile game revenues, offset by the decrease in consumer mobile security revenues. The increase in mobile game revenues was primarily due to the rapid growth of FL Mobile’s game platform and the launch of new games in the first quarter of 2014. The decrease in consumer mobile security revenues was primarily due to the Company’s moving its focus away from premium security subscription-based revenues and focusing more on mobile applications and services that can be monetized via advertising.

Advertising revenues increased 407.0% year-over-year to $16.8 million from $3.3 million in the same period in 2013. Such robust growth was due to increased monetization through advertising and successful third party application referrals resulting mainly from the acquisitions of WAPS and Fanyue, the Company’s online and offline advertising networks.

Enterprise mobility revenues increased 463.4% year-over-year to $34.4 million from $6.1 million in the same period in 2013. This increase is mainly due to the fast growth of the enterprise mobility business as a result of obtaining a premium distributor agreement with Apple Inc. as well as the acquisition of Trustek, which is also a premium distributor for Apple Inc.

Other revenues increased 12.8% year-over-year to $1.2 million from $1.1 million in the same period in 2013. Other revenues are generated primarily by providing technical contract services to third parties and fluctuate as such business is driven by individual projects.

Cost of Revenues

Cost of revenues in the first quarter of 2014 increased 381.5% year-over-year to $50.4 million from $10.5 million in the same period in 2013. The year-over-year increase was primarily due to higher cost of products for the enterprise mobility business, which totaled $31.5 million in the first quarter of 2014 compared to $3.8 million in the same period last year. Advertising inventory costs, or the cost that the Company pays developers and other partners for advertising space (inventory) increased to $7.4 million in the first quarter of 2014 compared to $0.5 million in the same period last year. The cost of additional revenue share for the Company’s mobile game business increased to $3.8 million in the first quarter of 2014 compared to $0.05 million in the same period last year.

3

Gross Profit and Gross Margin

Gross profit in the first quarter of 2014 increased 29.2% to $29.4 million from $22.8 million in the same period in 2013. Gross margin, or gross profit as a percentage of net revenues, was 36.9% in the first quarter of 2014, compared with 68.5% in the same period in 2013. Excluding the impact from the enterprise mobility business, gross margin was 60.8% in the first quarter of 2014, down from 76.3% in the first quarter of 2013. The primary reasons for the decline in gross profit and gross margin is detailed in the cost of revenues section above.

Operating Expenses

Total operating expenses in the first quarter of 2014 increased 141.6% year-over-year to $49.4 million from $20.4 million in the same period last year. Non-GAAP operating expenses, which exclude the expenses incurred for the handling of short seller allegations, share-based compensation, and the interest expense of convertible debts, increased 77.3% year-over year to $22.9 million up from $12.9 million in the same period in 2013.

Non-GAAP selling and marketing expenses, which exclude share-based compensation, increased 68.5% year-over-year to $7.0 million, up from $4.2 million in the same period in 2013. The year-over-year increase was mainly due to higher marketing and advertising costs and increased staff costs associated with a growing headcount.

Non-GAAP general and administrative expenses, which exclude the expenses incurred for the handling of short seller allegations and share-based compensation, increased 88.9% year-over-year to $11.0 million, up from $5.8 million in the same period in 2013. The year-over-year increase was mainly due to higher legal and professional fees related to acquisitions, and higher bad debt expenses.

Non-GAAP research and development expenses, which exclude share-based compensation, increased 66.5% to $4.9 million up from $2.9 million, in the same period in 2013. The year-over-year increase was primarily due to higher staff costs associated with headcount growth.

Share-based compensation expenses

Share-based compensation expenses, which were allocated to related operating costs and expense line items, amounted to $23.4 million in the first quarter of 2014, compared to $7.6 million in the corresponding period in 2013. The increase in share-based compensation expenses was mainly due to share options related to the performance conditions granted in relation to the Company’s acquisitions.

Income/Loss from Operations and Operating Margin

Loss from operations in the first quarter of 2014 was $20.0 million, compared with operating profit of $2.3 million in the same quarter last year.

Non-GAAP operating income decreased 34.2% year-over-year to $6.6 million down from $10.0 million in the same period in 2013. Non-GAAP operating margin, or non-GAAP operating income as a percentage of net revenues, was 8.2% in the first quarter of 2014, compared with 29.9% in the same quarter a year ago. Excluding the impact from the enterprise mobility business, non-GAAP operating margin was 15.7% in the first quarter of 2014 compared with 33.4% in the same period in 2013.

4

Foreign Exchange Gain / (Loss), Interest Income and Other Income

Foreign exchange loss was $0.8 million in the first quarter of 2014, compared with a gain of $0.1 million in the same quarter a year ago. Foreign exchange loss was primarily attributable to the depreciation of RMB against the US Dollar. Interest expenses were $1.3 million in the first quarter of 2014, compared with an interest income of $0.8 million in the same quarter a year ago. Interest expenses were primarily derived from interest expense of convertible debts, offset by the interest income from certain term deposits.

Income Tax

Income tax benefits were $0.5 million in the first quarter of 2014, compared with an income tax expense of $0.3 million in the same quarter a year ago.

Net Income/loss

Net loss attributable to NQ Mobile was $21.7 million in the first quarter of 2014, compared with net income of $2.9 million in the same quarter a year ago. Non-GAAP net income attributable to NQ Mobile was $7.1 million in the first quarter of 2014, compared with $10.5 million in the first quarter of 2013.

Cash Flow and Deferred Revenue

Net cash flow generated from operations for the first quarter of 2014 was $12.8 million. Cash and cash equivalents and term deposits together amounted to $274.8 million as of March 31, 2014. Deferred revenue was $20.9 million at the end of the first quarter of 2014.

Second Quarter 2014 Results

Revenues

Net revenues in the second quarter of 2014 increased 97.2% year-over-year to $81.6 million, up from $41.4 million in the same period in 2013.

Mobile value added service revenues increased 9.2% year-over-year to $29.2 million up from $26.8 million in the same period in 2013. The increase in mobile value added service revenues was primarily due to the increase of mobile game revenues, offset by the decrease in consumer mobile security revenues. The increase in mobile game revenues was primarily due to the rapid growth of FL Mobile’s game platform and the launch of new games in the second quarter of 2014. The decrease in consumer mobile security revenues was primarily due to the Company’s moving its focus away from premium security subscription-based revenues and focusing more on mobile applications and services that can be monetized via advertising.

Advertising revenues increased 176.1% year-over-year to $15.3 million up from $5.5 million in the same period in 2013. Such robust growth was due to increased monetization through advertising and successful third party application referrals mainly from the acquisitions of WAPS and Fanyue, the Company’s online and offline advertising networks.

Enterprise mobility revenues increased 342.4% year-over-year to $35.6 million up from $8.1 million in the same period in 2013. This increase is mainly due to the fast growth of the enterprise mobility business as a result of obtaining a premium distributor agreement with Apple Inc. as well as the acquisition of Trustek, which is also a premium distributor for Apple Inc.

5

Other revenues increased 44.6% year-over-year to $1.5 million up from $ 1.0 million in the same period in 2013. Other revenues are generated primarily by providing technical contract services to third parties and fluctuate as such business is driven by individual projects.

Cost of Revenues

Cost of revenues in the second quarter of 2014 increased 294.6% year-over-year to $54.5 million, up from $13.8 million in the same period in 2013. The year-over-year increase was primarily due to the higher cost of products for the enterprise mobility business, which totaled $32.7 million in the second quarter of 2014 compared to $4.9 million in the second quarter in 2013. Advertising inventory costs increased to $8.5 million in the second quarter of 2014 compared to $1.7 million in the second quarter last year. The cost of additional revenue share for the Company’s mobile game business increased to $4.6 million in the second quarter of 2014 compared to $0.6 million in the second quarter of last year.

Gross Profit and Gross Margin

Gross profit in the second quarter of 2014 decreased 1.5% year-over-year to $27.2 million down from $27.6 million in the same period in 2013. Gross margin was 33.3% in the second quarter of 2014, compared with 66.7% in the same quarter of last year. Excluding the impact from the enterprise mobility business, gross margin was 55.2% in the second quarter of 2014 compared with 74.6% in the same period last year. The primary reasons for the decline in gross profit and gross margin is detailed in the cost of revenue section above.

Operating Expenses

Total operating expenses in the second quarter of 2014 increased 84.4% year-over-year to $49.9 million, up from $27.1 million in the same period in 2013. Non-GAAP operating expenses, which exclude the expenses incurred for the handling of short seller allegations, share-based compensation, and the interest expense of convertible debts, increased 66.6% year-over-year to $23.4 million up from $14.1 million in the same period in 2013.

Non-GAAP selling and marketing expenses, which exclude share-based compensation, increased 35.1% year-over-year to $7.8 million, up from $5.8 million in the same period in 2013. The year-over-year increase was primarily due to higher staff costs and travel and entertainment costs.

Non-GAAP general and administrative expenses, which exclude expenses incurred for the handling of short seller allegations and share-based compensation, increased 94.6% year-over-year to 10.0 million up from $5.2 million in the same period in 2013. The year-over-year increase was mainly due to higher staff costs and legal and professional fees related to acquisitions.

Non-GAAP research and development expenses, which exclude share-based compensation, increased 78.5% year-over-year to $5.6 million up from $3.1 million in the same period in 2013. The year-over-year increase was primarily due to higher staff costs and office related expenses.

Share-based compensation expenses

Share-based compensation expenses, which were allocated to related operating costs and expense line items, amounted to $25.4 million in the second quarter of 2014, compared to $13.1 million in the corresponding period in 2013. The increase in share-based compensation expenses was mainly due to share options related to the performance conditions granted in relation to the Company’s acquisitions.

6

Income/Loss from Operations and Operating Margin

Loss from operations in the second quarter of 2014 was $22.8 million, compared with the operating income of $0.5 million in the same period in 2013. Non-GAAP operating income decreased 72.1% year-over-year to $3.8 million down from $13.7 million in the same period in 2013. Non-GAAP operating margin was 4.7% in the second quarter of 2014, compared with 33.0% in the same quarter of 2013. Excluding the impact from enterprise mobility business, non-GAAP operating margin was 10.4% in the second quarter of 2014 compared with 38.3% in the same period in 2013.

Foreign Exchange Gain / (Loss), Interest Income and Other Income

Foreign exchange loss was $0.04 million in the second quarter of 2014, compared with a gain of $0.9 million in the same quarter of 2013. Foreign exchange loss was primarily attributable to the depreciation of RMB against the US Dollar. Interest expenses were $1.4 million in the second quarter of 2014, compared with interest income of $0.9 million in the same quarter of 2013. Interest expenses were primarily derived from interest expense of the convertible debts, offset by the interest income from certain term deposits.

Income Tax

Income tax expenses were $1.7 million and the effective tax rate was 10.6% in the second quarter of 2014, compared with an income tax expense of $0.06 million in the same quarter of 2013.

Net Loss

Net loss attributable to NQ Mobile was $16.8 million in the second quarter of 2014, compared with net income of $1.9 million in the same period in 2013. Non-GAAP net income attributable to NQ Mobile was $12.1 million in the second quarter of 2014, compared with $15.0 million in the second quarter of 2013.

Cash Flow and Deferred Revenue

Net cash flow generated from operations for the second quarter of 2014 was $3.0 million. Cash and cash equivalents and term deposits together amounted to $272.8 million as of June 30, 2014. Deferred revenue was $19.3 million at the end of the second quarter of 2014.

Third Quarter 2014 Results

Revenues

Net revenues in the third quarter of 2014 increased 49.8% year-over-year to $81.2 million up from $54.2 million in the same period in 2013.

Mobile value added service revenues decreased 6.7% year-over-year to $25.1 million down from $27.0 million in the same period in 2013. The slight decrease in mobile value added services revenues was primarily due to the decrease in consumer mobile security revenues, offset by the increase of mobile game revenues. The decrease in consumer mobile security revenues was primarily due to the Company moving its focus away from premium security subscription-based revenues and focusing more on mobile applications and services that can be monetized via advertising. The increase in mobile game revenues was primarily due to the rapid growth of FL Mobile’s game platform and the launch of new games in the third quarter of 2014.

7

Advertising revenues increased 84.5% year-over-year to $20.4 million up from $11.0 million for the same period in 2013. Such robust growth was due to increased monetization through advertising and successful third party application referrals resulting mainly from the acquisitions of WAPS and Fanyue, the Company’s online and offline advertising networks.

Enterprise mobility revenues increased 125.7% year-over-year to $34.6 million up from $15.3 million in the same period in 2013. This increase is mainly due to the fast growth of the enterprise mobility business as a result of obtaining a premium distributor agreement with Apple Inc. as well as the acquisition of Trustek, which is also a premium distributor for Apple Inc.

Other revenues in the third quarter of 2014 increased 17.8% year-over-year to $1.1 million up from $0.9 million in the same period in 2013. Other revenues are generated primarily by providing technical contract services to third parties thus the revenues fluctuate as such business is driven by individual projects.

Cost of Revenues

Cost of revenues in the third quarter of 2014 increased 167.5% year-over-year to $58.7 million up from $21.9 million in the same period in 2013. The year-over-year increase was primarily due to the higher cost of products for the enterprise mobility business, which totaled $29.8 million in the third quarter of 2014 compared to $10.9 million in the third quarter of 2013. Advertising inventory costs, or the cost that the Company pays developers and other partners for the advertising space (inventory) increased to $12.6 million in the third quarter of 2014 compared to $4.0million in the third quarter of 2013. The cost of additional revenue share for the mobile game business increased to $5.1 million in the third quarter of 2014 compared to $0.6 million in the third quarter of 2013.

Gross Profit and Gross Margin

Gross profit in the third quarter of 2014 decreased 30.2% year-over-year to $22.5 million down from $32.3 million in the same period in 2013. Gross margin was 27.8% in the third quarter of 2014, compared with 59.5% in the same quarter a year ago. Excluding the impact from the enterprise mobility business, gross margin was 41.0% in the third quarter of 2014 compared with 73.3% in the same period last year. The primary reasons for the decline in gross profit and gross margin is detailed in the cost of revenue section above.

Operating Expenses

Total operating expenses in the third quarter of 2014 increased 16.9% year-over-year to $40.9 million, up from $35.0 million in the same period in 2013. Non-GAAP operating expenses, which exclude the expenses incurred for the handling of short seller allegations, share-based compensation, and the interest expense of convertible debts, increased 48.1% year-over-year to $22.7 million up from $15.3 million in the same period in 2013.

Non-GAAP selling and marketing expenses, which exclude share-based compensation, increased 20.1% year-over-year to $7.3 million up from $6.1 million in the same period in 2013. The year-over-year increase was primarily due to higher staff costs and office related expenses.

8

Non-GAAP general and administrative expenses, which exclude the expenses incurred for the handling of short seller allegations and share-based compensation, increased 68.6% year-over-year to $9.5 million up from $5.6 million in the same period in 2013. The year-over-year increase was primarily due to the increase in legal and professional fees related to acquisitions, depreciation and amortization and staff costs.

Non-GAAP research and development expenses, which exclude share-based compensation, increased 63.2% to $5.9 million up from $3.6 million in the same period in 2013. The year-over-year increase was primarily due to higher staff costs and joint R&D costs.

Share-based compensation expenses

Share-based compensation expenses, which were allocated to related operating costs and expense line items, were $15.7 million in the third quarter of 2014, comparing to $19.7 million in the corresponding period in 2013. The increase in share-based compensation expenses was mainly due to share options related to the performance conditions granted in relation to the Company’s acquisitions.

Income/Loss from Operations and Operating Margin

Loss from operation for the third quarter of 2014 was $18.3 million, compared with the operating loss of $2.7 million in the same period in 2013. Non-GAAP operating loss was $0.05 million in the third quarter of 2014, compared with the operating income of $17.1 million in the same period in 2013. Non-GAAP operating margin was -0.1% in the third quarter of 2014, compared with 31.5% in the same quarter a year ago. Excluding the impact from enterprise mobility business, non-GAAP operating margin was -0.4% in the third quarter of 2014 compared to 39.0% in the same period in 2013.

Foreign Exchange Gain / (Loss), Interest Income and Other Income

Foreign exchange loss was $0.03 million in the third quarter of 2014, compared with a gain of $0.2 million in the same quarter a year ago. Foreign exchange loss was primarily attributable to the depreciation of RMB against the US Dollar. Interest expenses were $1.5 million in the third quarter of 2014, compared with interest income of $0.9 million in the same quarter a year ago. Interest expenses were primarily derived from the convertible bonds, partially offset by interest income from certain term deposits.

Income Tax

Income tax expenses were $0.9 million and the effective tax rate was 5.1% in the third quarter of 2014, compared with an income tax expense of $0.9 million in the same quarter a year ago.

Net Income/Loss

Net loss attributable to NQ Mobile was $17.0 million in the third quarter of 2014, compared with the net loss of $2.4 million in the same period in 2013. Non-GAAP net income attributable to NQ Mobile was $3.7 million in the third quarter of 2014, compared with $17.4 million in the third quarter of 2013.

9

Cash Flow and Deferred Revenue

Net cash flow generated from operations for the third quarter of 2014 was $6.1 million. Cash and cash equivalents and term deposits together amounted to $278.3 million as of September 30, 2014. Deferred revenue was $17.1 million at the end of third quarter of 2014.

Other Significant Events

Board Changes

NQ Mobile also announced today changes to its Board of Directors. A new independent director, Mr. Roland Wu, has been appointed to the Board, effective immediately. In addition, Mr. James Ding and Mr. Xiuming Tao are stepping down from their positions on the Board for personal reasons, effective immediately. At the same time, Mr. Justin Chen has been appointed the chairman of the Corporate Governance and Nominating Committee of the Board. After the appointment of Mr. Roland Wu and the resignation of Messrs. James Ding and Xiuming Tao, the Company now has a total of nine directors on its Board, including five independent directors.

Mr. Roland Wu joins NQ Mobile’s Board with extensive experience and in-depth capital markets knowledge, having served in key management roles at several Hong Kong-listed companies over the last fourteen years. He has recently served as Executive Director of China Tycoon Beverage Holdings Limited and Bestway International Holdings Limited. Additionally, Mr. Wu has served as a portfolio manager at Haitong International Asset Management Company and as an investment analyst at Baoying Fund Management Co., Ltd. He has an MBA from Nankai University and a Bachelor of Computer Science from Beijing Jiaotong University.

“We would like to thank both Messers. James Ding and Xiuming Tao for their loyal service and dedication to NQ Mobile over the years, particularly over the past year while we faced many challenges. On behalf of our entire organization, we wish them well on their many other endeavors,” commented Chairman, Chief Operating Officer and Acting Chief Financial Officer of NQ Mobile, Dr. Vincent Wenyong Shi. “We also welcome Mr. Wu as a new independent director and look forward to benefitting from his knowledge and experience as NQ Mobile focuses on delivering solid growth in 2015 and beyond.”

Business Outlook

The Company expects net revenues to be in the range of $82 million and $83 million for the fourth quarter of 2014, bringing the expected full year net revenues to the range of $325 million to $326 million, up from the previously issued range of $320 million to $325 million.

Conference Call Information

NQ Mobile’s management team will hold an earnings conference call to discuss its results and outlook at 8:00PM U.S. Eastern Time on Thursday, December 18, 2014, (9:00AM Beijing/Hong Kong Time on Friday, December 19, 2014).

10

The dial-in details for the conference call are:

U.S. Toll Free:	1-800-742-9301
International:	+1-845-507-1610
Hong Kong:	852-3051-2792
United Kingdom:	44 203-651-4876
China Mainland:	4001203170 or 8008700210
Conference ID:	48350296

Please dial in 10 minutes before the call is scheduled to begin and provide the conference ID to join the call.

A replay of the call will be available after the conclusion of the conference call at 11:00 p.m. U.S. EST on December 18 through January 01, 2015. The dial-in details for the replay are:

U.S. Toll Free:	1-855-452-5696
International:	+1-646-254-3697
Conference ID:	48350296

Additionally, a live and archived webcast of this call will be available on the Investor Relations section of NQ Mobile’s website at http://ir.nq.com.

Follow us on Twitter @NQMobileIR.

About NQ Mobile

NQ Mobile Inc. (NYSE: NQ) is a leading global provider of consumer and enterprise mobile Internet services. NQ Mobile’s portfolio of offerings includes mobile security and productivity, mobile search, mobile games & advertising applications for the consumer market and consulting, mobile platforms, and mobility management services for the enterprise market. NQ Mobile maintains dual headquarters in Dallas, Texas, USA and Beijing, China. For more information on NQ Mobile, please visit http://www.nq.com

Non-GAAP Financial Measures

To supplement the Company’s financial results prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”), NQ Mobile’s management uses non-GAAP measures of cost of revenues, operating expenses, income from operations and net income attributable to NQ Mobile, which are adjusted from results based on GAAP to exclude share-based compensation expenses, expenses related to the handling of short seller allegations and interest expenses of the convertible debts. The Company also uses non-GAAP fully diluted earnings per ADS, which is the non-GAAP net income attributable to common shareholders divided by weighted average number of diluted ADS.

The Company’s non-GAAP financial information is provided as additional information to help the Company’s investors compare business trends among different reporting periods on a consistent basis and to enhance investors’ overall understanding of the historical and current financial performance of the Company’s continuing operations and its prospects for the future. The Company’s non-GAAP financial information should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. In addition, the Company’s calculation of this non-GAAP financial information may be different from the calculation used by other companies, and therefore comparability may be limited.

The non-GAAP financial measures are provided to enhance investors’ overall understanding of NQ Mobile’s current financial performance and prospects for the future. A limitation of using non-GAAP cost of revenues, operating expenses, income from operations and net income attributable to NQ Mobile, excluding share-based compensation expenses, expenses related to the handling short seller allegations and interest expenses of convertible debts, are that these items has been and may continue to be a significant expense in the Company’s business for the foreseeable future. In order to mitigate these limitations the Company has provided specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables include details on the reconciliation between GAAP financial measures that are most directly comparable to the non-GAAP financial measures the Company has presented.

11

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

INVESTOR RELATIONS:

NQ Mobile Inc.

Email: investors@nq.com

Phone: +852 3975 2853

+1 469 310 5281

Twitter: @NQMobileIR

12

NQ MOBILE INC.

UNAUDITED INTERIM CONDENSED CONSOLIDATED

BALANCE SHEETS

(In thousands)

	As of
	September 30, 2014		June 30, 2014		March 31, 2014		December 31, 2013
	US$		US$		US$		US$
ASSETS
Current assets:
Cash and cash equivalents		173,849		168,311		172,434		179,718
Term deposits		104,478		104,473		102,404		103,331
Accounts receivable, net of allowance of US$8,961, US$8,647, US$7,031 and US$3,918 as of September 30, June 30, and March 31, 2014 and December 31, 2013 respectively		79,028		81,435		82,880		81,908
Inventory		3,337		6,803		10,273		8,443
Deferred tax assets, current portion		1,978		1,776		1,637		1,131
Prepaid expenses and other current assets		39,597		31,325		34,368		42,761
Total current assets		402,267		394,123		403,996		417,292
Equity investments		36,163		31,510		37,084		81,972
Property and equipment, net		5,092		4,719		4,238		3,615
Intangible assets, net		36,884		39,835		30,059		18,533
Goodwill		319,417		319,401		179,203		76,020
Deferred tax assets, non-current portion		1,952		1,720		773		278
Other non-current assets		16,896		15,743		12,767		11,652
Total Assets		818,671		807,051		668,120		609,362
LIABILITIES
Current liabilities:
Receipt in advance		1,545		551		5,192		5,383
Accounts payable		18,374		16,435		14,525		11,726
Deferred revenue		17,103		19,320		20,933		21,072
Consideration payable of acquiring an associate		—		—		—		25,217
Accrued expenses and other current liabilities		47,957		36,003		32,969		26,401
Tax payable		4,964		3,441		3,901		4,084
Total current liabilities		89,943		75,750		77,520		93,883
Noncurrent liabilities:
Convertible debts		172,500		172,500		172,500		172,500
Deferred tax and other liabilities		9,261		9,864		5,733		2,823
Total Liabilities		271,704		258,114		255,753		269,206
SHAREHOLDERS’ EQUITY
NQ Mobile Inc.’s shareholders’ equity		489,165		490,532		382,371		333,752
Non-controlling interest		57,802		58,405		29,996		6,404
Total shareholders’ equity		546,967		548,937		412,367		340,156
Total Liabilities and Shareholders’ Equity		818,671		807,051		668,120		609,362

13

NQ MOBILE INC.

UNAUDITED INTERIM CONDENSED CONSOLIDATED

STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)

(In thousands, except for share and per share data)

	Three months ended
	September 30, 2014			June 30, 2014			March 31, 2014			September 30, 2013			June 30, 2013			March 31, 2013
	US$			US$			US$			US$			US$			US$
Net Revenues
Mobile Value Added Services		25,074			29,269			27,348			26,875			26,793			22,744
Advertising Services		20,376			15,273			16,812			11,043			5,531			3,316
Enterprise Mobility		34,642			35,614			34,434			15,347			8,050			6,112
Other Services		1,103			1,481			1,202			936			1,024			1,066
Total net revenues		81,195			81,637			79,796			54,201			41,398			33,238
Cost of revenues*		(58,656	)		(54,465	)		(50,382	)		(21,928	)		(13,804	)		(10,463	)
Gross profit		22,539			27,172			29,414			32,273			27,594			22,775
Operating expenses:
Selling and marketing expenses*		(7,786	)		(8,109	)		(7,441	)		(6,588	)		(6,384	)		(5,057	)
General and administrative expenses*		(26,955	)		(35,912	)		(36,702	)		(24,290	)		(16,954	)		(11,812	)
Research and development expenses*		(6,115	)		(5,912	)		(5,235	)		(4,083	)		(3,738	)		(3,570	)
Total operating expenses		(40,856	)		(49,933	)		(49,378	)		(34,961	)		(27,076	)		(20,439	)
(Loss)/Income from operations		(18,317	)		(22,761	)		(19,964	)		(2,688	)		518			2,336
Interest (expense)/income		(1,547	)		(1,410	)		(1,301	)		901			876			838
Foreign exchange (loss) /gain, net		(33	)		(43	)		(777	)		201			900			108
Investment income		2,538			10,080			368			—			—			5
Investment impairment		(2,112	)		(2,068	)		(1,187	)		—			—			—
Other income, net		2,686			470			181			84			114			194
(Loss)/Income before income taxes		(16,785	)		(15,732	)		(22,680	)		(1,502	)		2,408			3,481
Income tax (expense)/benefit		(856	)		(1,671	)		457			(903	)		(64	)		(323	)
Net (loss)/income		(17,641	)		(17,403	)		(22,223	)		(2,405	)		2,344			3,158
Net loss/(income) attributable to the non-controlling interest		605			600			556			55			(434	)		(298	)
Net (loss)/income attributable to NQ Mobile Inc.		(17,036	)		(16,803	)		(21,667	)		(2,350	)		1,910			2,860
Net (loss)/income		(17,641	)		(17,403	)		(22,223	)		(2,405	)		2,344			3,158
Foreign currency translation adjustment		20			289			(2,687	)		863			1,895			317
Comprehensive (loss)/income		(17,621	)		(17,114	)		(24,910	)		(1,542	)		4,239			3,475
Comprehensive loss/(income) attributable to non-controlling interest		605			600			556			55			(434	)		(298	)
Comprehensive (loss)/income attributable to NQ Mobile Inc.		(17,016	)		(16,514	)		(24,358	)		(1,487	)		3,805			3,177
Net (loss)/earnings per Class A and Class B common share, basic		(0.0377	)		(0.0443	)		(0.0671	)		(0.0083	)		0.0074			0.0114
Net (loss)/earnings per Class A and Class B common share, diluted		(0.0377	)		(0.0443	)		(0.0671	)		(0.0083	)		0.0066			0.0101
Net (loss)/earnings per ADS, basic		(0.1885	)		(0.2215	)		(0.3355	)		(0.0415	)		0.0370			0.0570
Net (loss)/earnings per ADS, diluted		(0.1885	)		(0.2215	)		(0.3355	)		(0.0415	)		0.0330			0.0505
Weighted average number of common shares outstanding:
Basic		451,839,042			379,671,632			322,703,307			284,530,717			257,398,054			251,661,693
Diluted		451,839,042			379,671,632			322,703,307			284,530,717			290,964,809			281,994,344
Weighted average number of ADS outstanding:
Basic		90,367,808			75,934,326			64,540,661			56,906,143			51,479,611			50,332,339
Diluted		90,367,808			75,934,326			64,540,661			56,906,143			58,192,962			56,398,869
*  Share-based compensation expense included in:
Cost of revenues		94			58			59			97			114			109
Selling and marketing expenses		481			317			423			505			617			892
General and administrative expenses		14,895			24,700			22,601			18,660			11,797			5,979
Research and development expenses		230			321			351			477			605			636
		15,700			25,396			23,434			19,739			13,133			7,616

14

NQ MOBILE INC.

UNAUDITED INTERIM CONDENSED CONSOLIDATED

STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)

(In thousands, except for share and per share data)

	Nine months ended
	September 30, 2014			September 30, 2013
	US$			US$
Net Revenues
Mobile Value Added Services		81,691			76,412
Advertising Services		52,461			19,890
Enterprise Mobility		104,690			29,509
Other Services		3,786			3,026
Total net revenues		242,628			128,837
Cost of revenues*		(163,503	)		(46,195	)
Gross profit		79,125			82,642
Operating expenses:
Selling and marketing expenses*		(23,336	)		(18,029	)
General and administrative expenses*		(99,569	)		(53,056	)
Research and development expenses*		(17,262	)		(11,391	)
Total operating expenses		(140,167	)		(82,476	)
(Loss)/Income from operations		(61,042	)		166
Interest (expense)/income		(4,258	)		2,615
Foreign exchange (loss)/gain, net		(853	)		1,209
Investment income		12,986			5
Investment impairment		(5,367	)		—
Other income, net		3,337			392
(Loss)/Income before income taxes		(55,197	)		4,387
Income tax expense		(2,070	)		(1,290	)
Net (loss)/income		(57,267	)		3,097
Net loss/(income) attributable to the non-controlling interest		1,761			(677	)
Net (loss)/income attributable to NQ Mobile Inc.		(55,506	)		2,420
Net (loss)/income		(57,267	)		3,097
Foreign currency translation adjustment		(2,378	)		3,075
Comprehensive (loss)/income		(59,645	)		6,172
Comprehensive loss/(income) attributable to non-controlling interest		1,761			(677	)
Comprehensive (loss)/income attributable to NQ Mobile Inc.		(57,886	)		5,495
Net (loss)/earnings per Class A and Class B common share, basic		(0.1441	)		0.0091
Net (loss)/earnings per Class A and Class B common share, diluted		(0.1441	)		0.0082
Net (loss)/earnings per ADS, basic		(0.7205	)		0.0455
Net (loss)/earnings per ADS, diluted		(0.7205	)		0.0410
Weighted average number of common shares outstanding:
Basic		385,206,398			264,650,552
Diluted		385,206,398			296,178,059
Weighted average number of ADS outstanding:
Basic		77,041,280			52,930,110
Diluted		77,041,280			59,235,612
*  Share-based compensation expense included in:
Cost of revenues		211			320
Selling and marketing expenses		1,221			2,014
General and administrative expenses		62,196			36,436
Research and development expenses		902			1,718
		64,530			40,488

15

NQ MOBILE INC.

NON-GAAP MEASURE RECONCILIATIONS

(In thousands)

	Three months ended
	September 30, 2014			June 30, 2014			March 31, 2014			September 30, 2013			June 30, 2013			March 31, 2013
	US$			US$						US$			US$			US$
Selling and marketing expenses under GAAP		(7,786	)		(8,109	)		(7,441	)		(6,588	)		(6,384	)		(5,057	)
Adjustment (a)		481			317			423			505			617			892
Non-GAAP selling and marketing expenses		(7,305	)		(7,792	)		(7,018	)		(6,083	)		(5,767	)		(4,165	)
General and administrative expenses under GAAP		(26,955	)		(35,912	)		(36,702	)		(24,290	)		(16,954	)		(11,812	)
Adjustment (a)		14,895			24,700			22,601			18,660			11,797			5,979
Adjustment (b)		2,570			1,174			3,081			—			—			—
Non-GAAP general and administrative expenses		(9,490	)		(10,038	)		(11,020	)		(5,630	)		(5,157	)		(5,833	)
Research and development expenses under GAAP		(6,115	)		(5,912	)		(5,235	)		(4,083	)		(3,738	)		(3,570	)
Adjustment (a)		230			321			351			477			605			636
Non-GAAP research and development expenses		(5,885	)		(5,591	)		(4,884	)		(3,606	)		(3,133	)		(2,934	)
(Loss)/Income from operations under GAAP		(18,317	)		(22,761	)		(19,964	)		(2,688	)		518			2,336
Adjustment (a)		15,700			25,396			23,434			19,739			13,133			7,616
Adjustment (b)		2,570			1,174			3,081			—			—			—
Non-GAAP (loss)/income from operations		(47	)		3,809			6,551			17,051			13,651			9,952
Net (loss)/income attributable to NQ Mobile Inc. under GAAP		(17,036	)		(16,803	)		(21,667	)		(2,350	)		1,910			2,860
Adjustment (a)		15,700			25,396			23,434			19,739			13,133			7,616
Adjustment (b)		2,570			1,174			3,081			—			—			—
Adjustment (c)		2,497			2,382			2,268			—			—			—
Non-GAAP net income attributable to NQ Mobile Inc.		3,731			12,149			7,116			17,389			15,043			10,476
Non-GAAP weighted average number of ADS outstanding:
Basic		90,367,808			75,934,326			64,540,661			56,906,143			51,479,611			50,332,339
Diluted		93,608,747			81,853,107			73,127,632			63,042,766			58,192,962			56,398,869
Non-GAAP earnings per ADS, basic		0.0413			0.1600			0.1103			0.3056			0.2922			0.2081
Non-GAAP earnings per ADS, diluted		0.0399			0.1484			0.0973			0.2758			0.2585			0.1857

(a) Adjustment to exclude the share-based compensation expense of each period

(b) Adjustment to exclude the expense incurred for the handling short seller allegation

(c) Adjustment to exclude the interest expense of convertible debts

16

NQ MOBILE INC.

NON-GAAP MEASURE RECONCILIATIONS

(In thousands)

	Nine months ended
	September 30, 2014			September 30, 2013
	US$			US$
Selling and marketing expenses under GAAP		(23,336	)		(18,029	)
Adjustment (a)		1,221			2,014
Non-GAAP selling and marketing expenses		(22,115	)		(16,015	)
General and administrative expenses under GAAP		(99,569	)		(53,056	)
Adjustment (a)		62,196			36,436
Adjustment (b)		6,825			—
Non-GAAP general and administrative expenses		(30,548	)		(16,620	)
Research and development expenses under GAAP		(17,262	)		(11,391	)
Adjustment (a)		902			1,718
Non-GAAP research and development expenses		(16,360	)		(9,673	)
(Loss)/income from operations under GAAP		(61,042	)		166
Adjustment (a)		64,530			40,488
Adjustment (b)		6,825			—
Non-GAAP income from operations		10,313			40,654
Net (loss)/income attributable to NQ Mobile Inc. under GAAP		(55,506	)		2,420
Adjustment (a)		64,530			40,488
Adjustment (b)		6,825			—
Adjustment (c)		7,147			—
Non-GAAP net income attributable to NQ Mobile Inc.		22,996			42,908
Non-GAAP weighted average number of ADS outstanding:
Basic		77,041,280			52,930,110
Diluted		82,956,843			59,235,612
Non-GAAP earnings per ADS, basic		0.2985			0.8107
Non-GAAP earnings per ADS, diluted		0.2772			0.7244

(a) Adjustment to exclude the share-based compensation expense of each period

(b) Adjustment to exclude the expense incurred for the handling short seller allegation

(c) Adjustment to exclude the interest expense of convertible debts

17