Agora (API) has released an update.
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Agora, Inc. reported a challenging third quarter for 2024, with total revenues declining by 9.8% to $31.6 million, primarily due to the end-of-sale of certain products and reduced demand in sectors like social and entertainment. Despite these setbacks, Agora increased its revenue by 2.6% and active customers by 5.9% compared to the previous year, driven by growth in live shopping. The company also made strategic organizational changes to capitalize on emerging conversational AI opportunities, aiming to solidify its leadership in real-time engagement technology.
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