[Veritone Announces VDR Contract Wins and Updates Q3 Financial Outlook](index=1&type=section&id=Veritone%20Announces%20VDR%20Contract%20Wins%20with%20Leading%20Hyperscalers%20and%20Updates%20Q3%20Financial%20Outlook) Veritone announces significant VDR contract wins and provides an updated preliminary financial outlook for Q3 2025 [Veritone Data Refinery (VDR) Business Update](index=1&type=section&id=Veritone%20Data%20Refinery%20(VDR)%20Business%20Update) Veritone secured significant VDR contracts with hyperscalers and model developers, doubling its pipeline and bookings to nearly $40 million since August 2025 - Veritone's VDR solution transforms proprietary, unstructured data into actionable, license-ready intelligence for AI development with hyperscalers and model developers[1](index=1&type=chunk)[2](index=2&type=chunk) - Rapid AI infrastructure build-out drives **surge in demand for high-quality unstructured training data**, creating significant economic value[3](index=3&type=chunk)[4](index=4&type=chunk) - Veritone targets formalizing partnerships with nearly every major hyperscaler by **end of 2025**, solidifying its role in the unstructured training data ecosystem[5](index=5&type=chunk) VDR Pipeline and Bookings Growth | Metric | Value | | :----- | :---- | | Near-time VDR pipeline and recent bookings | Nearly $40 million | | Change from August 2025 | 100% increase | [Preliminary Q3 2025 Financial Outlook](index=1&type=section&id=Preliminary%2C%20Unaudited%20Results%20for%20Q3%202025) Veritone projects preliminary Q3 2025 revenue between $28.5M-$28.7M, a 30.5% increase, and a Non-GAAP Net Loss of $5.5M-$6.0M, a 48.2% increase, subject to audit - Q3 2025 financial results are preliminary, unaudited estimates and are subject to change until the Company's Form 10-Q filing[6](index=6&type=chunk) Preliminary Q3 2025 Financial Estimates | Metric | Q3 2025 Estimate (in millions) | YoY Change (midpoint) | | :----- | :----------------------------- | :-------------------- | | Revenue | $28.5 - $28.7 | +30.5% (from Q3 2024) | | Non-GAAP Net Loss | $5.5 - $6.0 | +48.2% (from Q3 2024) | [Q3 2025 Earnings Conference Call](index=2&type=section&id=Q3%202025%20Earnings) Veritone will host a conference call to discuss its Q3 2025 results and provide a business update [Conference Call Details](index=2&type=section&id=Conference%20Call%20Details) Veritone will host a conference call on November 6, 2025, at 5:00 p.m. ET to discuss Q3 2025 results and provide a business update - Veritone will hold a conference call on **Thursday, November 6, 2025, at 5:00 p.m. Eastern Time** to discuss Q3 2025 results and provide a business update[8](index=8&type=chunk) [Supplemental Non-GAAP Financial Information](index=2&type=section&id=About%20the%20Presentation%20of%20Supplemental%20Non-GAAP%20Financial%20Information) This section explains the company's use of non-GAAP financial measures and provides a reconciliation to GAAP results [Explanation of Non-GAAP Measures](index=2&type=section&id=Explanation%20of%20Non-GAAP%20Measures) Veritone uses non-GAAP net loss, adjusted from GAAP net loss by excluding specific items, as a supplemental performance measure for internal and external evaluation, not as a replacement for GAAP results - Non-GAAP net loss excludes items such as discontinued operations, interest expense, income taxes, depreciation, stock-based compensation, and acquisition costs from GAAP net loss[10](index=10&type=chunk) - Management utilizes non-GAAP net loss for **forecasting, budgeting, and annual bonus compensation**, believing it enhances consistency and comparability by excluding non-operating items[12](index=12&type=chunk) - Non-GAAP financial measures are not GAAP-compliant and should not be considered an alternative to GAAP net income (loss) or cash flow from operating activities[11](index=11&type=chunk)[12](index=12&type=chunk) [Reconciliation of Expected Non-GAAP Net Loss to GAAP Net Loss](index=5&type=section&id=Reconciliation%20of%20Expected%20Non-GAAP%20Net%20Loss%20Range%20to%20Expected%20GAAP%20Net%20Loss%20Range%20(unaudited)) A detailed reconciliation table outlines adjustments made to convert expected GAAP Net Loss to expected Non-GAAP Net Loss for the three and nine months ended September 30, 2025 Reconciliation of Expected Non-GAAP Net Loss to GAAP Net Loss | Item | Three Months Ended Sep 30, 2025 (in millions) | Nine Months Ended Sep 30, 2025 (in millions) | | :-------------------------------- | :-------------------------------------------- | :------------------------------------------- | | Net loss (GAAP) | $(29.3) to $(19.3) | $(76.0) to $(66.0) | | Interest expense, net | $2.9 | $9.0 | | Income taxes | $1.0 to $— | $1.6 to $0.6 | | Depreciation and amortization | $7.4 | $21.5 | | Stock-based compensation expense | $1.6 | $5.1 | | Change in fair value of earnout receivable | $8.0 to $— | $7.2 to $(0.8) | | Contingent purchase compensation expense | $0.1 | $0.3 | | Foreign currency impact and other | $0.1 | $(0.1) | | Acquisition and due diligence costs | $— | $0.9 | | Severance and executive transition costs | $0.2 | $1.7 | | Other non-recurring items | $2.0 to $1.5 | $3.0 to $2.5 | | **Non-GAAP net loss** | **$(6.0) to $(5.5)** | **$(25.8) to $(25.3)** | [Corporate Information](index=2&type=section&id=Corporate%20Information) This section provides an overview of Veritone, its safe harbor statement, and investor contact details [About Veritone](index=2&type=section&id=About%20Veritone) Veritone (NASDAQ: VERI) delivers human-centered enterprise AI solutions across media, public sector, and talent acquisition, leveraging its aiWARE™ platform for actionable intelligence - Veritone (NASDAQ: VERI) develops human-centered enterprise AI solutions, serving customers in media, entertainment, public sector, and talent acquisition industries[13](index=13&type=chunk) - The company's aiWARE™ platform orchestrates machine learning models to transform data into actionable intelligence, enhancing efficiency and accelerating decision-making[13](index=13&type=chunk) [Safe Harbor Statement](index=3&type=section&id=Safe%20Harbor%20Statement) This statement outlines forward-looking statements for Q3 2025 financial outlook and VDR performance, detailing risk factors that could cause actual results to differ - The news release contains forward-looking statements concerning **Q3 2025 revenue and non-GAAP net loss**, VDR solution performance, customer acquisition, and expected partnerships by year-end 2025[14](index=14&type=chunk) - Actual results may differ materially due to factors including finalization of results, debt servicing, AI market acceptance, capital needs, customer reliance, and macroeconomic/geopolitical impacts[14](index=14&type=chunk) [Contacts](index=3&type=section&id=Contacts) Investor contact information is provided for Veritone's CFO, Mike Zemetra, and Investor Relations representative, Cate Goldsmith - Investor inquiries can be directed to **Mike Zemetra, CFO**, or **Cate Goldsmith of Prosek Partners**[15](index=15&type=chunk)

Core Insights - Veritone, Inc. (NASDAQ: VERI) is expected to be a prominent topic in discussions regarding AI stocks due to recent major contracts with hyperscalers for its Veritone Data Refinery (VDR) platform [1] - The company has raised its revenue outlook for the third quarter, indicating positive growth expectations [1] Company Developments - Veritone has secured significant contracts with major hyperscalers, enhancing its market position in the AI sector [1] - The upward revision of the third-quarter revenue outlook suggests strong performance and potential for future growth [1] Industry Context - The developments surrounding Veritone reflect broader trends in the AI industry, where partnerships with large tech companies are becoming increasingly important for growth [1]

Core Insights - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by approximately 300 points on Wednesday [1] - Morgan Stanley reported better-than-expected third-quarter financial results, with earnings per share of $4.08, surpassing the analyst consensus estimate of $3.96 [1] - The company's quarterly sales reached $1.147 billion, reflecting a year-over-year increase of 6.2%, exceeding the expected $1.137 billion [1] Company Performance - Morgan Stanley shares rose by 6.8% to $165.90 on Wednesday following the positive earnings report [2] - Veritone, Inc. saw a significant increase in shares, jumping 67% to $9.13 after announcing new VDR contract wins and updating its Q3 financial outlook [4] - Other notable stock gains included Sana Biotechnology, Inc. (+26.8% to $5.64), T1 Energy Inc. (+26% to $5.04), and Bitdeer Technologies Group (+24.6% to $25.08) [4] Market Reactions - Bunge Global SA's shares increased by 12.7% to $92.85 after President Trump indicated the U.S. might terminate business with China related to cooking oil [4] - Bank of America Corporation's stock rose by 5.2% to $52.67 following positive third-quarter results [4]

Company Overview - Veritone Inc (NASDAQ:VERI) experienced a significant increase in share price, rising 48.2% to $8.09 in pre-market trading following contract wins and preliminary third-quarter results [1][2]. Contract Wins - The company announced contract wins to deploy its Veritone Data Refinery product with leading hyperscalers and venture-backed model developers [1]. Financial Performance - Veritone reported preliminary, unaudited third-quarter revenue between $28.5 million and $28.7 million, indicating a 30.5% increase at the midpoint compared to the third quarter of 2024 [1].

Core Insights - Veritone is facing significant financial challenges, with management expressing doubts about the company's ability to remain operational [1] - Despite the issues of debt and declining revenue, there is optimism among analysts regarding the potential for a rebound due to the strength of Veritone's core technology [1] - The situation raises the question of whether Veritone can overcome its current difficulties and achieve growth in the future [1] Financial Challenges - The company is currently dealing with high levels of debt and a decline in revenue [1] - Management's concerns about the company's sustainability highlight the severity of its financial situation [1] Analyst Optimism - Analysts remain hopeful about Veritone's core technology, suggesting that it may provide a pathway for recovery [1] - This optimism indicates that there may still be potential investment opportunities despite the current risks [1]

Group 1 - Veritone Inc. experienced a significant share price increase of 53.11%, reaching $8.36 in after-hours trading due to contract wins and preliminary Q3 results [1] - The company's Veritone Data Refinery product has secured contract wins, leading to a near-term VDR pipeline totaling nearly $40 million, which has doubled since August [2] - CEO Ryan Steelberg stated that Veritone is becoming a key partner for global hyperscalers and aims to formalize partnerships with nearly all major hyperscalers by the end of 2025 [3] Group 2 - Preliminary Q3 revenue is reported between $28.5 million and $28.7 million, indicating a 30.5% increase compared to the same quarter in 2024 [3] - The non-GAAP net loss is estimated between $5.5 million and $6.0 million, reflecting a 48.2% increase from the previous year [4] - GAAP net loss is reported between $19.3 million and $29.3 million, with results being preliminary and subject to change [4] Group 3 - Over the past six months, Veritone's stock has increased by 145.95%, and by 39.29% in the last month, with a market capitalization of $382.76 million [5] - The stock trades within a yearly range of $1.22 to $6.43, with an average daily volume of 7.27 million shares [5] - Veritone's stock closed at $5.46 on Tuesday, up 4.40%, and is noted to have a strong momentum in the 89th percentile [6]

Core Insights - Veritone, Inc. has announced significant contract wins for its Veritone Data Refinery (VDR) product with leading hyperscalers, indicating strong demand and growth potential in the enterprise AI solutions market [1] Company Developments - The deployment of Veritone's VDR solution is expanding rapidly among hyperscalers and venture-backed model developers, highlighting the company's increasing market presence and partnerships [1] - Preliminary, unaudited results for Q3 2025 were also announced, suggesting ongoing financial performance evaluation [1]

Core Viewpoint - Veritone, Inc. will hold a conference call on November 6, 2025, to discuss its third quarter 2025 financial results and provide a business update [1]. Company Overview - Veritone, Inc. (NASDAQ: VERI) specializes in human-centered enterprise AI solutions, serving various industries including media, entertainment, public sector, and talent acquisition [3]. - The company's leading AI platform, aiWARE™, integrates machine learning models to convert data into actionable intelligence, enhancing decision-making and profitability for clients [3].

Core Insights - The stock market has reached new all-time highs this year, primarily driven by momentum in high-quality large-cap tech stocks, alongside notable performance from several high-profile small-cap stocks [1] Group 1: Market Performance - The majority of market gains have been attributed to large-cap tech stocks, indicating a strong preference for high-quality investments in the technology sector [1] Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing him with insights into current industry trends [1] - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating his influence and recognition in the investment community [1]

Veritone, Inc. (VERI) shares ended the last trading session 28% higher at $5.35. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 83.3% gain over the past four weeks.The stock recorded this price increase as the company benefits from 45% year-over-year growth in its organic revenues in the second quarter of 2025 and expects to continue throughout the year.This company is expected to post quarterly loss of $0.11 per ...