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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.

Agora, Inc. provides real-time communication APIs powering voice, video, and AI-driven interactions across global applications. This page serves as the central hub for official company announcements, financial updates, and technology developments.

Investors and developers will find curated press releases detailing product launches, strategic partnerships, and quarterly earnings. Stay informed about innovations like Adaptive Video Optimization™ and enterprise solutions for telehealth, education, and live streaming markets.

Key updates include API enhancements, developer toolkit expansions, and recognition in industry benchmarks. Bookmark this page for reliable insights into Agora’s evolving role in shaping digital communication infrastructure.

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Agora, a leader in real-time engagement technology, reported second-quarter 2024 financial results. Total revenue was $34.2 million, up 0.5% from the same period last year. Agora's revenue grew 2% to $15.6 million, while Shengwang's revenue slightly increased by 0.3% to RMB131.9 million ($18.6 million). Active customers for Agora rose by 7.2% to 1,672, but Shengwang saw a decrease of 5.5% to 3,774. The net loss reduced significantly to $9.2 million from $45.3 million in Q2 2023. Operating expenses dropped by 14.4% to $32.6 million. Agora repurchased 3.9 million class A ordinary shares for $2.4 million. For Q3 2024, the company expects revenues between $31.5 million and $33.5 million due to the discontinuation of certain low-margin products.

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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.

Nasdaq:API

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API Stock Data

244.06M
72.01M
2.23%
46.7%
1.71%
Software - Application
Technology
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United States
Santa Clara