Agora Inc
NASDAQ:API
Agora Inc
Agora, Inc. provides real-time engagement platform that increase user engagement and retention with a developer platform for live, interactive audio, video, and messaging features. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2020-06-25. The firm operates a real-time engagement platform-as-a-service (RTE-PaaS) to provide the software and infrastructure required to enable real-time engagement. The firm's products include Real-Time Video, Real-Time Voice, Real-Time Messaging, Real-Time Recording and so on. The products and services are applied in social, gaming, retail, education and other areas. The firm operates its businesses in China, the United States and other countries in Asia Pacific region.
Agora, Inc. provides real-time engagement platform that increase user engagement and retention with a developer platform for live, interactive audio, video, and messaging features. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2020-06-25. The firm operates a real-time engagement platform-as-a-service (RTE-PaaS) to provide the software and infrastructure required to enable real-time engagement. The firm's products include Real-Time Video, Real-Time Voice, Real-Time Messaging, Real-Time Recording and so on. The products and services are applied in social, gaming, retail, education and other areas. The firm operates its businesses in China, the United States and other countries in Asia Pacific region.
Profitability: Agora achieved its fourth straight quarter of GAAP profitability in Q3, with net profit and margins expanding year-over-year.
Revenue Growth: Q3 revenue grew 12% year-over-year to $35.4 million, marking a third consecutive quarter of double-digit growth.
Q4 Guidance: Management expects Q4 revenue of $37–38 million, representing 7.2% to 10.1% year-over-year growth.
Conversational AI Investment: The company is significantly increasing investment in conversational AI, launching new products and seeing early customer adoption.
Strong International Demand: Demand in international markets, especially live commerce, is growing even faster than in China.
AI Revenue Outlook: Management expects conversational AI to become a meaningful revenue contributor by the end of next year.