Agora, Inc. 2025 Q4 Earnings March 2, 2026 Disclaimer Information in this presentation contains forward-looking statements within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this presentation are forward-looking statements, including but not limited to s ...

Core Insights - Agora, Inc. showcased new conversational AI features at the World Artificial Intelligence Conference, enhancing user experience with voice locking, vision-based intelligence, and interactive avatars [1][2] Group 1: New Features - Voiceprint-based attention locking allows AI agents to focus on the user's voice in noisy environments, similar to the 'cocktail effect' in human cognition [1][3] - Vision-based intelligence enables AI agents to interpret visual context, allowing users to interact with the AI about their surroundings, such as asking about a painting or solving a math problem [1][3] - Interactive avatars provide a more engaging conversational experience by synchronizing lifelike movements and emotions with speech [1][3] Group 2: Company Vision and Commitment - The CEO of Agora emphasized the goal of making AI conversations as natural as human interactions, highlighting the positive reception of the new features at WAIC [2] - Agora plans to continue investing in conversational AI capabilities and collaborating with global partners to set new standards for human-AI interaction across various applications [2]

Business Highlights - Agora launched a Conversational AI Engine, an enterprise-grade solution for human-AI voice experiences[5] - The company offers a ConvoAI Device Kit, a turnkey solution for adding voice AI to any device, combining software, cloud services, and chips from Beken[8, 10] - TEN (a voice activities detection) continues gaining traction and adds VAD and Turn Detection, outperforming existing open-source alternatives[11, 14] - Agora's Conversational AI Extension is available on the Dify Marketplace[15] Customer Base & Revenue - Agora had 3,800 active customers in March 2025, including 1,994 Agora customers and 1,806 Shengwang customers[35] - Total revenues for Q1 2025 were $33.3 million, with a year-over-year growth of 12.1%[39] - Agora revenues in Q1 2025 were $18.6 million[42] - Shengwang revenues in Q1 2025 were ¥105.5 million, equivalent to $14.7 million[43] Financial Performance - The dollar-based net retention rate for Agora was 96% and for Shengwang was 85% in March 2025[46] - Gross profit for Q1 2025 was $22.6 million, resulting in a gross margin of 68.0%[50] - Loss from operations in Q1 2025 was $3.7 million, representing a loss from operations margin of (11.1%) [57] Share Repurchase Program - As of March 31, 2025, Agora repurchased 33.0 million ADSs for approximately $116.4 million, representing 58% of the $200 million share repurchase program[63]