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Agora, Inc. - API STOCK NEWS

Welcome to our dedicated page for Agora news (Ticker: API), a resource for investors and traders seeking the latest updates and insights on Agora stock.

Overview of Agora, Inc. (NASDAQ: API)

Agora, Inc. is a global leader in Real-Time Engagement Platform-as-a-Service (PaaS), providing developers with the tools to embed real-time voice, video, messaging, and interactive live streaming into their applications. Headquartered in Santa Clara, California, with significant operations in the People's Republic of China, Agora empowers businesses across diverse industries such as gaming, education, retail, and telehealth to create seamless and engaging user experiences.

Core Business and Offerings

Agora’s platform offers a comprehensive suite of APIs designed to handle the complexities of real-time communication. Key features include:

  • Real-Time Voice and Video Calls: High-definition, low-latency communication solutions that support up to 2,000 participants in a single call.
  • Interactive Live Streaming: Scalability and reliability for live events, gaming, and social media applications.
  • Real-Time Messaging: Instant messaging capabilities integrated with voice and video for seamless user interactions.
  • AI-Driven Enhancements: Technologies such as Adaptive Video Optimization™ and Conversational AI SDKs that leverage machine learning to optimize video quality and enable natural voice-driven AI interactions.

Agora’s proprietary technology ensures robust performance even under challenging network conditions, making it a preferred choice for developers seeking to enhance user engagement without compromising quality.

Market Position and Differentiators

Operating in the rapidly growing cloud communication and API economy, Agora distinguishes itself through its focus on scalability, reliability, and innovation. The company’s proprietary network infrastructure powers billions of minutes of real-time interactions monthly across over 200 countries. Its ability to dynamically adapt to network conditions and device capabilities ensures consistent quality, setting it apart from competitors like Twilio and Vonage. Additionally, Agora’s emphasis on privacy and security addresses critical concerns in today’s digital landscape.

Industry Applications

Agora’s solutions cater to a wide range of industries, including:

  • Gaming: Real-time multiplayer communication and live streaming for enhanced player engagement.
  • Education: Virtual classrooms, interactive tutoring, and skill assessment platforms.
  • Retail: Live shopping experiences and customer support solutions.
  • Telehealth: Secure and reliable video consultations and remote patient monitoring.

Challenges and Opportunities

While Agora enjoys a strong market presence, it faces challenges such as intense competition, regulatory complexities in key markets, and the need for continuous technological innovation. However, its focus on AI-driven advancements, such as the integration of OpenAI’s Realtime API for conversational AI, positions it to capitalize on emerging trends in artificial intelligence and user interactivity.

Conclusion

Agora, Inc. is a pioneer in real-time communication technology, offering scalable and innovative solutions that empower developers to create immersive user experiences. By addressing critical challenges like network variability and privacy concerns, Agora continues to solidify its position as a trusted partner for businesses worldwide, driving the future of real-time engagement.

Rhea-AI Summary

Agora, Inc. (NASDAQ: API), a leader in real-time engagement technology, has announced it will release its second quarter 2024 financial results on August 19, 2024, after U.S. markets close. The company will host a conference call at 6 p.m. Pacific Time / 9 p.m. Eastern Time on the same day to discuss the results.

Investors can access the call at https://edge.media-server.com/mmc/p/nr2i6si8 and are advised to log in 15 minutes before the broadcast. Registration for the call is available at a separate link. The earnings release and accompanying slides will be available on Agora's investor relations website prior to the conference call.

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Agora, a leader in real-time engagement technology, reported its Q1 2024 financial results. Total revenues decreased by 9.4% YoY to $33 million, with Agora's segment up by 4.6% and Shengwang's segment down by 16%. Active customers for Agora increased by 16.1%, while Shengwang saw a 2.2% decrease. The net loss narrowed to $9.5 million from $16.8 million in Q1 2023, and non-GAAP net loss improved to $4.8 million. Operating expenses were reduced by 17.3%, and free cash flow was negative $7.1 million, better than the previous year's negative $9.1 million. The company repurchased approximately 4.8 million class A shares for $3.2 million.

For Q2 2024, Agora forecasts revenues between $34 million and $36 million. The company highlighted its Adaptive Video Optimization technology and improved SDK stability as key advancements. The earnings call is scheduled for May 22, 2024, at 6 p.m. PT.

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Agora, Inc. will report its first quarter 2024 financial results on May 22, 2024, after the U.S. markets close. The company is a leader in real-time engagement technology. A conference call will be held the same day at 6 p.m. Pacific Time / 9 p.m. Eastern Time.

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Agora, Inc. (NASDAQ: API) reveals survey results showing that 61% of consumers under 55 are interested in live shopping experiences, indicating a growing trend in interactive retail. Despite some resistance, live shopping is gaining popularity, with convenience, product demonstrations, and interactivity being key drivers of consumer engagement. Brands must balance innovation and familiarity to create compelling live shopping experiences that cater to diverse age groups and expectations.

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Agora, Inc. (NASDAQ: API) has launched Adaptive Video Optimization™ (AVO) technology that enhances live video quality by dynamically optimizing performance from capture to playback. The technology addresses common issues like freezing, stuttering, and grainy video caused by network conditions. AVO uses machine learning algorithms to ensure the highest video quality and optimal performance under varying network scenarios. Agora's CEO, Tony Zhao, emphasizes the importance of high-quality live streaming in today's digital world. AVO focuses on optimized image quality, unmatched video fluency, and ultra-low latency, using a comprehensive machine learning approach to optimize every stage of video processing. The technology dynamically selects the best video codec based on device capabilities and ensures a consistent, high-quality experience for users.

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Agora, Inc. (API) partners with EZDRM to enhance media and entertainment offerings with digital rights management solutions. The collaboration aims to provide secure, interactive experiences for live streaming content protection.
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Agora, Inc. announced its unaudited financial results for Q4 2023 and FY 2023, showcasing strong revenue growth, profitability, and shareholder returns. The company's total revenues, net income, and active customers increased, while net loss decreased. However, revenue decline in certain segments impacted the overall financial performance. Agora's cost optimization efforts led to improved gross margins and reduced operating expenses. The company's share repurchase program and extended financial outlook demonstrate confidence in long-term growth prospects.
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Agora, Inc. (NASDAQ: API) will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the close of U.S. markets on February 26, 2024. The company will host a conference call to discuss the financial results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on the same day. Investors can register for the call and view the earnings release and accompanying slides on Agora, Inc.'s investor relations website.
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Agora, Inc. (NASDAQ: API) announced the resignation of Stanley Wei, the Chief Strategy Officer and Chief Operating Officer, effective December 7, 2023. Tony Zhao, founder, chairman, and CEO, and Tony Wang, Chief Revenue Officer, will take over his operational responsibilities. The global market remains a strategic priority for the company.
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Agora, Inc. (API) announced unaudited financial results for Q3 2023, reporting $35.0 million in total revenues, a 14.6% decrease from Q3 2022. The net loss for the quarter was $22.5 million, with Agora's revenue at $15.3 million and Shengwang's at RMB141.2 million ($19.7 million). Active customers increased, but the dollar-based net retention rate for both Agora and Shengwang declined. The company's adjusted EBITDA was negative $4.4 million, with a total cash position of $373.4 million. Despite the decrease in revenues, the company's gross margin increased to 64.0% from 59.4% in the same period last year. Operating expenses decreased by 33.7%, leading to a reduction in the loss from operations. The company also reported a change in its board of directors and provided a financial outlook for Q4 2023.
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FAQ

What is the current stock price of Agora (API)?

The current stock price of Agora (API) is $5.23 as of March 6, 2025.

What is the market cap of Agora (API)?

The market cap of Agora (API) is approximately 518.0M.

What does Agora, Inc. do?

Agora provides real-time communication APIs that enable developers to integrate voice, video, messaging, and live streaming into their applications.

What industries does Agora serve?

Agora serves industries such as gaming, education, retail, telehealth, and social media by offering scalable and reliable real-time engagement solutions.

How does Agora generate revenue?

Agora generates revenue through a usage-based pricing model for its APIs, charging customers based on the volume of real-time interactions supported.

What sets Agora apart from competitors like Twilio?

Agora differentiates itself with proprietary technology that ensures low-latency, high-quality communication even under challenging network conditions, as well as innovative AI-driven enhancements.

What is Adaptive Video Optimization™ by Agora?

Adaptive Video Optimization™ is Agora’s machine learning-based technology that dynamically adjusts video quality in real time, ensuring optimal performance under varying network conditions.

What is the Conversational AI SDK by Agora?

The Conversational AI SDK integrates Agora’s real-time audio streaming with OpenAI’s Realtime API, enabling developers to create natural, voice-driven AI interactions.

Where does Agora operate?

Agora operates globally, with significant presence in the People's Republic of China and the United States, serving customers in over 200 countries.

What are Agora’s main challenges?

Agora faces challenges such as competition from larger players, regulatory complexities, and the need for continuous innovation to stay ahead in the real-time communication market.

How does Agora ensure privacy and security?

Agora employs robust encryption and privacy-focused measures to ensure secure real-time communication for its customers and end-users.

What future opportunities does Agora have?

Agora is well-positioned to capitalize on trends in AI, live streaming, and real-time engagement, with innovations like its Conversational AI SDK opening new market opportunities.
Agora, Inc.

Nasdaq:API

API Rankings

API Stock Data

517.95M
90.87M
2.23%
33.78%
1.42%
Software - Application
Technology
Link
United States
Santa Clara