Fourth Consecutive Quarter of GAAP Profitability
Agora reported a GAAP net profit of $2.7 million in Q3 with a net margin of 7.8%, marking its fourth consecutive quarter of profitability.
Double-Digit Revenue Growth
Total revenue in Q3 reached $35.4 million, up 12% year-over-year, reflecting strong market penetration and adoption in verticals such as live shopping.
Conversational AI Innovations
Agora launched its conversational AI engine 2.0, integrating AI-powered noise suppression and other advanced technologies, and introduced a zero-code interface for developers.
Strong Demand in US and International Markets
Live commerce and other verticals continued strong growth, particularly in developed markets outside China.
Decreased Operating Expenses
R&D expenses decreased by 52.8% year-over-year, and sales and marketing expenses decreased by 5.6% year-over-year.