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Dec 31, 2024
Agora Q4 2024 Earnings Report
Agora, Inc. reported its financial results for the fourth quarter and fiscal year ended December 31, 2024, achieving GAAP profitability in Q4.
Key Takeaways
Agora, Inc. achieved GAAP profitability in the fourth quarter of 2024, driven by revenue growth from new use cases and disciplined cost management. Total revenues for the quarter were $34.5 million, a decrease of 4.4% year-over-year, with net income of $0.2 million compared to a net loss of $2.6 million in the prior year.
Total revenues for Q4 2024 were $34.5 million, a 4.4% decrease from Q4 2023.
Net income for Q4 2024 was $0.2 million, a significant improvement from a net loss of $2.6 million in Q4 2023.
Agora segment revenue increased by 13.7% to $17.4 million in Q4 2024.
Shengwang segment revenue decreased by 17.6% to $17.1 million in Q4 2024, impacted by end-of-sale products.
Agora
Agora
Agora Revenue by Segment
Revenue by Segment
Agora Revenue
CapyFin.comShengwang Revenue
CapyFin.com Forward Guidance
For the first quarter of 2025, Agora, Inc. expects total revenues to be between $31 million and $33 million, reflecting current market and operational conditions.
Positive Outlook
- Expected revenue range of $31 million to $33 million for Q1 2025.
- Outlook reflects the Company's current and preliminary views on the market.
- Continued focus on enhancing operational efficiency for sustainable and profitable growth.
- Launch of Conversational AI Engine expected to accelerate adoption of conversational AI.
- Innovation in AI enabling real-time, voice-based interactions between humans and AI models.
Challenges Ahead
- Expected revenue for Q1 2025 is lower than Q4 2024 revenue of $34.5 million.
- Outlook is subject to change based on market and operational conditions.
- Revenue from certain end-of-sale low-margin products will be excluded from Q1 2024 comparison.
- Macroeconomic and regulatory environment challenges could impact future performance.
- Competition in the RTE-PaaS market remains a factor.
Revenue & Expenses
Visualization of income flow from segment revenue to net income