Veritone reports Q1 revenue $20.3M, two estimates $25.54M

Reports Q1 adjusted net income ($11.9M), up 6.8% year-over-year. “During the first quarter, we accelerated the commercialization of Veritone (VERI) Data Refinery, expanded public sector adoption, and further strengthened the foundation of our AI platform,” said Ryan Steelberg, President and Chief Executive Officer of Veritone. “With additional leading hyperscalers now under contract, supporting a large and growing VDR pipeline with future support and scale through the Oracle partnership, we believe Veritone is uniquely positioned to support next-generation AI training and enterprise AI deployment at scale. At the same time, we are taking proactive measures to streamline operations and reduce our cost structure through restructuring and AI initiatives, as early as the end of Q2 2026, which reinforce our forecasted operating profitability as early as Q4 2026.”