大事提醒： 8月19日，声网2025年二季度累计回购金额1210万美元。 8月25日，声网(API)开盘上涨2.27%，截至21:32，报3.61美元/股，成交12.4万美元，总市值3.28亿美 元。 财务数据显示，截至2025年06月30日，声网收入总额6752.8万美元，同比增长0.44%；归母净利润186.9 万美元，同比增长109.99%。 资料显示，声网公司是一家在开曼群岛注册成立的境外控股母公司,主要通过其境内实体子公司上海兆 言网络科技有限公司运营。声网是一家专注移动端实时音视频云服务解决方案的公司,构建实时互联网 以普及实时音视频互动能力。 本文源自：金融界 作者：行情君 ...

Group 1 - The core viewpoint of the news highlights that Agora, Inc. (声网) has shown a modest increase in stock price and a significant growth in net profit for the second quarter of 2025 [1][2] - As of August 21, Agora's stock price rose by 2.01% to $3.54 per share, with a total market capitalization of $321 million [1] - Financial data indicates that for the period ending June 30, 2025, Agora's total revenue reached $67.528 million, reflecting a year-on-year growth of 0.44%, while the net profit attributable to shareholders was $1.869 million, marking a substantial increase of 109.99% [1] Group 2 - On August 19, Agora announced a cumulative share repurchase amounting to $12.1 million for the second quarter of 2025 [2] - Agora operates as an offshore holding company registered in the Cayman Islands, primarily through its domestic subsidiary, Shanghai Zhaoyan Network Technology Co., Ltd. [2] - The company specializes in providing real-time audio and video cloud service solutions for mobile platforms, aiming to enhance real-time internet interaction capabilities [2]

在教育领域，通过声网提供的对话式AI技术，STEAM智能教育机器人Miko3 表现亮眼。通过声网提供 的对话式AI技术，Miko3机器人不仅可以与孩子进行自然、流畅的对话，还能准确识别儿童的情绪并快 速给予相应的反馈，成为贴心的情感陪伴者。 8月19日，声网母公司Agora, Inc. ( NASDAQ：API ) 公布了2025年第二季度财报。财报显示，第二季度 Agora, Inc. 总营收3426万美元，同比增长11.0%（不含去年三季度起已终止的低毛利业务）。公司指引 三季度收入区间为3400-3600万美元，同比去年三季度增长7.6%-13.9%。 业务聚焦在中国市场的声网实现第二季度营收1.16亿人民币；聚焦非中国市场的Agora实现营收1820万 美元，同比增长16.7%。在客户规模方面，截至2025年6月30日，声网活跃客户数量达1997个，同比增 长1.4%；Agora活跃客户数量达1880个，同比增长12.4%。 随着不断地技术创新和体验升级，声网进一步加速了对话式AI能力在各行业场景的落地。本季度，声 网在AI智能助手、AI陪伴机器人、多模态AI智能体创作等多个场景中，都实现了客户应用案 ...

Agora, Inc. Sponsored ADR (API) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...

8月18日，声网母公司Agora, Inc. （NASDAQ: API ）发布2025年第二季度财报。 此外，第二季度的运营费用为2650万美元，同比下降18.7%。其中，研发费用为1400万美元，同比下降23.0%；销售和营销费用为 650万美元，同比增长4.0%；一般和管理费用为600万美元，同比下降26.6%。 Agora, Inc.预计，2025年第二季度的总营收将在3400万美元至3600万美元之间，同比增幅在7.6%至13.9%之间。 财报显示，第二季度 Agora, Inc.实现总营收3426万美元，同比增长11.0%（不含已终止的低毛利业务）。在美国通用会计准则 （GAAP）下，Agora, Inc.第二季度净利润为146万美元（合人民币1050万元），超第一季度三倍以上。净利润率为4.3%。 业务聚焦在中国市场的声网实现第二季度营收1.16亿人民币；聚焦非中国市场的Agora实现营收1820万美元，同比增长16.7%。 在客户规模方面，截至2025年6月30日，声网活跃客户数量达1997个，同比增长1.4%；Agora活跃客户数量达1880个，同比增长 12.4%。 "自今年三月发布对话式A ...

（来源：BBW咏竹坊） 实时互动技术服务商声网（API.US）周一报告称，二季度营收同比持平，主要是其全球业务超越下滑 的中国业务，成公司最大营收来源。 声网报告称，二季度营收达3,430万美元，较上年同期微增0.1%。其国际业务收入同比增长16.7%，达 1,820万美元；声网中国业务收入下滑12.4%至1.16亿元。公司国际业务活跃客户数同比增长12.4%，增 至1,880家；中国业务活跃客户数微增1.4%，达到1,997家。 二季度实现盈利150万美元，标志着连续第三个季度实现盈利。声网预计三季度营收将在3,400万至3,600 万美元间，意味同比增幅处于7.6%至13.9%。 声网股价于报告发布后次日（周二）下跌7.8%，收于每股3.67美元；年内股价累计跌幅达13%。 来源：市场资讯 ...

场份额超43.4%奠定技术底座，声网发布的多模态AI引擎实现"能听会看"的下一代交互体验 在人工智能技术狂飙突进的2025年，对话式AI正从简单的文本问答迈向具备情感化、多模态交互能力 的"数字生命体"。作为全球实时互动云服务龙头，声网Agora凭借其在实时音视频(RTC)领域43.4%的绝 对市场份额，构建了对话式AI的核心技术底座，并通过持续迭代的AI引擎，推动智能客服、虚拟陪 伴、AI教育等场景的规模化落地。 对话式AI：从"机械应答"到"情感化交互"的进化 传统对话系统受限于单轮问答和固定话术，而新一代对话式AI依托大语言模型(LLM)与实时音视频技 术，已实现三大突破： 1. 多模态交互：集成语音、视觉、文本多通道输入输出，例如声网最新引擎支持数字人表情驱动与实时 视觉理解，使AI能"看懂"用户手势并作出反馈； 2. 上下文记忆：通过声纹识别技术区分不同用户，并记录对话历史，如教育场景中AI助教可针对学生 薄弱点持续强化训练； 声网的技术护城河：全球第一的RTC能力 1. 市场份额绝对领先 2021年声网RTC业务分钟数达6750亿分钟，超第二名两倍，全球市场占有率28.5%； 中国区市占率 43. ...

Core Viewpoint - Agora, Inc. reported a total revenue of $34.26 million for Q2 2025, marking an 11.0% year-over-year increase, excluding low-margin businesses terminated since Q3 2024 [1] - The company provided guidance for Q3 revenue in the range of $34 million to $36 million, representing a year-over-year growth of 7.6% to 13.9% [1] Financial Performance - For Q2 2025, Agora, Inc. achieved a net profit of $1.46 million under GAAP, which is over three times the profit from Q1 2025, continuing a trend of profitability for three consecutive quarters [1] - As of June 30, 2025, the company had cash and cash equivalents totaling $377 million [2] Product Development and Innovation - The company launched a conversational AI engine in March 2025, enabling developers to create conversational AI agents quickly [2] - At the 2025 World Artificial Intelligence Conference, Agora introduced an upgraded version of its conversational AI engine, featuring voiceprint recognition, digital human interaction, and visual understanding [2] - Agora also released the world's first AI model evaluation platform for conversational AI, allowing developers to compare performance metrics of various suppliers [3] Market Applications and Future Outlook - The conversational AI capabilities are being integrated into various sectors, including customer service, education, and smart hardware, showcasing the potential for industry transformation [1][3] - The company aims to enhance real-time interaction experiences between humans and AI agents, driving deeper integration of AI across multiple industries [3]

Group 1 - The core viewpoint of the article is that Agora, Inc. has shown significant growth in its Q2 2025 financial results, with total revenue reaching $34.26 million, representing an 11.0% year-over-year increase, excluding low-margin businesses terminated since Q3 2024 [1] - The company achieved a net profit of $1.46 million under GAAP for Q2 2025, marking its third consecutive quarter of profitability, with profits exceeding three times that of Q1 2025 [1] - Revenue from the Chinese market was 115.5 million RMB, while revenue from non-Chinese markets was $18.2 million, reflecting a 16.7% year-over-year growth [1] Group 2 - As of June 30, 2025, the number of active customers for Agora reached 1,880, a 12.4% year-over-year increase, while the number of active customers for the Chinese market was 1,997, growing by 1.4% [1] - The company reported cash reserves of $377.3 million, including cash, cash equivalents, bank deposits, and bank wealth management products as of June 30, 2025 [1] - Looking ahead, the company expects total revenue for Q3 2025 to be between $34 million and $36 million, indicating a year-over-year growth of 7.6% to 13.9% [2]

Financial Data and Key Metrics Changes - Total revenue in Q2 reached $34.3 million, up 11% year over year, with GAAP net profit of $1.5 million, more than triple the previous quarter, resulting in a GAAP net margin of 4.3% [2][16] - Core revenues reached $18.2 million in Q2, representing 16.7% year over year growth, while Shenglong revenues grew 6.7% year over year [13][14] - Gross margin for Q2 was 66.8%, with a slight decrease of 1.2% year over year and sequentially [14] Business Line Data and Key Metrics Changes - The conversational AI engine has seen rapid iteration and upgrades, with new features aimed at enhancing user interaction [3][4] - The company reported a dollar-based net retention rate of 97% for Agora and 87% for Shenglong, marking improvements for both businesses [14] Market Data and Key Metrics Changes - The company has observed significant growth in active customers, with approximately 1,900 for Agora and 2,000 for Shenglong, representing a 121% increase year over year [2] - The conversational AI solution is gaining traction in various industries, with successful deployments in call centers, education, and companionship toys [24] Company Strategy and Development Direction - The company is focused on enhancing its conversational AI capabilities, with a strategic emphasis on high-growth verticals such as live shopping and entertainment [13] - The pricing for the conversational AI solution is expected to be significantly higher than standard RTC audio products, unlocking substantial revenue potential [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing to improve GAAP profitability through the remainder of the year, citing strong business momentum and visibility [2][16] - The company anticipates total revenues for Q3 2025 to be between $34 million and $36 million, reflecting a year-over-year growth rate of 7.6% to 13.9% [18] Other Important Information - The company announced the resignation of its CTO due to personal reasons, with operational responsibilities being taken over by the CEO [9] - The company has repurchased $127.2 million worth of shares since the approval of the share repurchase program in February 2025 [17] Q&A Session Summary Question: What application areas will see fast adoption and revenue contribution? - Management highlighted three advanced use cases for conversational AI: call centers, education, and companionship toys, expecting further adoption driven by customer success [24] Question: What are the trends for gross profit margin and net operating margin? - Management indicated that gross margins for the RTC business have been stable, with expectations for continued stability, while new conversational AI products may initially have lower margins but are expected to improve over time [25][26] Question: What is the market reception of the newly launched features? - Management noted positive early adoption trends and client feedback for the advanced attention locking and avatar features, emphasizing their importance in noisy environments and engaging interactions [30]