Core Viewpoint - Agora, Inc. has achieved GAAP profitability for three consecutive quarters, indicating strong revenue growth and operational efficiency improvements [3]. Financial Performance - In Q2 2025, Agora, Inc. reported total revenue of $34.26 million, a year-over-year increase of 11.0%, excluding low-margin businesses terminated since Q3 2024 [3]. - The company provided guidance for Q3 revenue in the range of $34.00 million to $36.00 million, representing a year-over-year growth of 7.6% to 13.9% compared to Q3 2024 [3]. - The net profit for Q2 2025 was $1.46 million (approximately 10.5 million RMB), which is over three times the profit from Q1 2025 [3]. Cash Reserves - As of June 30, 2025, Agora, Inc. had cash, cash equivalents, bank deposits, and bank wealth management products totaling $377 million [4]. AI Product Development - Since the launch of the conversational AI engine in March 2025, Agora has collaborated with clients to develop voice dialogue agents in various scenarios, including call centers and AI companion hardware [4]. - The company has upgraded its conversational AI engine to include features such as voiceprint recognition, digital humans, and visual understanding, enhancing the audio-visual interaction experience [6][9]. Technological Advancements - The voiceprint recognition feature allows the AI to accurately identify user voice characteristics, effectively filtering out 95% of background noise for improved dialogue accuracy [8]. - The digital human interaction feature enables real-time, lifelike conversations with highly realistic digital avatars, suitable for virtual customer service, educational companionship, and social entertainment [8]. - The visual understanding capability allows the AI to interpret visual cues and respond intelligently to user gestures and environmental objects, expanding the potential for human-AI collaboration [8]. Industry Applications - Agora's conversational AI capabilities are being applied across various sectors, including AI assistants, AI companion robots, and multi-modal AI agents [11]. - The company has seen successful implementations in platforms like MiniMax, which leverages advanced multi-modal AIGC technology for real-time voice interactions [11]. - Other applications include educational robots like Miko3, which can engage in natural conversations with children and recognize their emotions [12]. Future Outlook - Agora aims to deepen its innovation in scenarios and technology iterations, enhancing real-time interaction experiences to integrate AI into various industries effectively [13].

Business Highlights - Agora's Conversational AI Engine has been upgraded with new features like Advanced Attention Locking, Real-time Vision Understanding, and Interactive Avatars[5,6] - The company launched the Convo AI Benchmark Arena to measure Overall Latency and Component Latency[18] - Agora's real-time voice recognition ranks first in voice recognition (ASR) and large language model (LLM) benchmarks, with a last word latency of 534 ms and 404 ms respectively[19] Customer Base and Revenue - The number of active customers increased from 3,731 in September 2024 to 3,877 in June 2025[23] - Total revenues for Q2 2025 were $343 million, representing an 110% year-over-year growth[27] - Agora revenues in Q2 2025 reached $182 million[31] - Shengwang revenues in Q2 2025 were $161 million, based on an exchange rate of 719 RMB per USD[33] Financial Performance - The dollar-based net retention rate for Agora was 97% in June 2025, while for Shengwang it was 87%[36] - Gross profit for Q2 2025 was $229 million, resulting in a gross margin of 668%[40] - Operating expenses for Q2 2025 were $265 million, representing 774% of total revenues[43] - Net income for Q2 2025 was $15 million, with a net income margin of 43%[47] Balance Sheet and Share Repurchase - The company's total cash, cash equivalents, bank deposits, and financial products issued by banks amounted to $377 million as of June 30, 2025[50] - A total of $1272 million worth of shares have been repurchased[54] - Cash per ADS was $415 in June 2025[56]

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%。 声网(API.US)公布了2025年第二季度财报。Q2实现总营收3430万美元，同比增长0.1%;净利润为150万美 元，上年同期为净亏损920万美元;基本和摊薄后每ADS收益分别为0.02和0.01美元，上年同期为亏损 0.10美元。 业务聚焦中国市场的声网实现营收1.155亿人民币，同比下降12.4%;聚焦非中国市场的Agora实现营收 1820万美元，同比增长16.7%。 公司创始人、董事长兼首席执行官赵斌表示："我们很自豪在第二季度实现了连续第三个季度的GAAP 盈利，稳健的收入增长和持续的效率提升推动了利润率进一步扩大。自3月份推出对话式AI引擎以来， 我们已与多家客户合作开发适用于多种场景的语音智能体。目前已有多个解决方案投入实际应用，包括 呼叫中心和AI陪伴玩具等领域。乘此发展势头，我们将继续整合垂直领域专业能力，持续提升解决方 案性能。我们越来越有信心，声网的技术将为客户服务、教育、智能设备等多个行业带来变革性影 响。" 展望未来，根据目前可获得 ...

Core Viewpoint - Agora, Inc. reported its third consecutive quarter of GAAP profitability in Q2 2025, driven by solid revenue growth and efficiency improvements, particularly in its Conversational AI Engine and partnerships across various applications [2][4]. Financial Performance - Total revenues for Q2 2025 were $34.3 million, a slight increase of 0.1% from $34.2 million in Q2 2024 [4][8]. - Agora's revenues were $18.2 million, reflecting a 16.7% increase from $15.6 million in the same period last year, attributed to business expansion and growth in sectors like live shopping [4][8]. - Shengwang's revenues were RMB115.5 million ($16.1 million), a decrease of 12.4% from RMB131.9 million ($18.6 million) in Q2 2024, primarily due to the decline in certain end-of-sale products [4][8]. Cost and Profitability - Cost of revenues decreased to $11.4 million, down 12.3% from $13.0 million in Q2 2024, mainly due to the end-of-sale of certain products [5]. - Gross profit increased to $22.9 million, a 7.7% rise from $21.2 million in the same period last year, with a gross margin of 66.8%, up from 62.0% [6]. Operating Expenses - Operating expenses were $26.5 million, a decrease of 18.7% from $32.6 million in Q2 2024 [7]. - Research and development expenses were $14.0 million, down 23.0% from $18.1 million in the same period last year [19]. - Sales and marketing expenses increased to $6.5 million, a 4.0% rise from $6.3 million [19]. - General and administrative expenses decreased to $6.0 million, down 26.6% from $8.2 million [19]. Customer Metrics - Active customers for Agora increased to 1,880 as of June 30, 2025, a 12.4% rise from 1,672 a year earlier [8]. - Shengwang had 1,997 active customers, an increase of 1.4% from 1,970 [8]. - Dollar-Based Net Retention Rate for Agora was 97%, while for Shengwang it was 87% for the trailing 12-month period [8]. Net Income and Cash Flow - Net income for Q2 2025 was $1.5 million, compared to a net loss of $9.2 million in Q2 2024 [12]. - Net cash used in operating activities was $0.4 million, significantly improved from $7.6 million in the same quarter last year [8]. Share Repurchase Program - The company repurchased approximately 13.1 million Class A ordinary shares for about $10.9 million during the three months ended June 30, 2025, representing 5.4% of its $200 million share repurchase program [15]. - As of June 30, 2025, the company had repurchased approximately 144.9 million Class A ordinary shares for about $127.2 million, representing 63.6% of the program [16]. Leadership Changes - The company announced the resignation of Mr. Sheng (Shawn) Zhong from his roles as Director, Chief Technology Officer, and Chief Scientist, with Tony Zhao assuming his operational responsibilities [18]. - Mr. Tony Wang and Mr. Jingbo Wang were appointed as directors of the company [20]. Equity Incentive Plan - The company adopted an Amended and Restated Global Equity Incentive Plan, increasing the number of Class A ordinary shares available for awards to 50 million [23]. Financial Outlook - The company expects total revenues for Q3 2025 to be between $34 million and $36 million, indicating year-over-year growth of 7.6% to 13.9% [25].

8月18日，声网(API)开盘上涨5.18%，截至21:32，报3.86美元/股，成交10.22万美元，总市值3.61亿美 元。 财务数据显示，截至2025年03月31日，声网收入总额3326.9万美元，同比增长0.75%；归母净利润40.7 万美元，同比增长104.3%。 8月18日，声网将披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当地时间，实际 披露日期以公司公告为准）。 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 大事提醒： ...

Core Viewpoint - The company Agora (声网) has shown a modest increase in stock price and is set to release its mid-year financial report, indicating ongoing growth in revenue and net profit despite a challenging market environment [1][2]. Financial Performance - As of March 31, 2025, Agora reported total revenue of $33.27 million, reflecting a year-on-year growth of 0.75% [1]. - The net profit attributable to shareholders was $407,000, which represents a significant year-on-year increase of 104.3% [1]. Upcoming Events - Agora is scheduled to disclose its mid-year financial report for the fiscal year 2025 on August 18, with the actual date subject to company announcement [2]. Company Overview - Agora is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, Shanghai Zhaoyan Network Technology Co., Ltd. The company specializes in mobile real-time audio and video cloud service solutions, aiming to enhance real-time internet interaction capabilities [2].

8月13日，声网(API)开盘上涨2.09%，截至21:30，报3.9美元/股，成交2.27万美元，总市值3.65亿美元。 财务数据显示，截至2025年03月31日，声网收入总额3326.9万美元，同比增长0.75%；归母净利润40.7 万美元，同比增长104.3%。 大事提醒： 8月18日，声网将披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当地时间，实际 披露日期以公司公告为准）。 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 (API) experienced a stock price increase of 2.25%, reaching $3.855 per share, with a total market capitalization of $360 million as of August 9 [1] - Financial data indicates that as of March 31, 2025, Agora's total revenue amounted to $33.269 million, reflecting a year-on-year growth of 0.75%, while the net profit attributable to shareholders was $407,000, showing a significant increase of 104.3% [1] Group 2 - Important event reminder: Agora is set to disclose its mid-year report for the fiscal year 2025 on August 18, with the actual disclosure date subject to the company's announcement [2] - Agora is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, Shanghai Zhaoyan Network Technology Co., Ltd., focusing on mobile real-time audio and video cloud service solutions [2]

8月7日，声网(API)开盘上涨2.69%，截至21:31，报3.82美元/股，成交3.89万美元，总市值3.57亿美元。 财务数据显示，截至2025年03月31日，声网收入总额3326.9万美元，同比增长0.75%；归母净利润40.7 万美元，同比增长104.3%。 大事提醒： 8月18日，声网将披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当地时间，实际 披露日期以公司公告为准）。 本文源自：金融界 作者：行情君 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 8月18日，声网将披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当地时间，实际 披露日期以公司公告为准）。 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。 7月30日，声网(API)盘中上涨2.36%，截至22:19，报3.91美元/股，成交52.92万美元，总市值3.66亿美 元。 财务数据显示，截至2025年03月31日，声网收入总额3326.9万美元，同比增长0.75%；归母净利润40.7 万美元，同比增长104.3%。 大事提醒： ...