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Stock impact report

Agora, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Agora, Inc. - ADS (API) 
Company Research Source: Yahoo! Finance
technology, today announced its unaudited financial results for the first quarter ended March 31, 2024. “Despite a challenging operating environment, we continued to focus on enhancing the fundamental performance of our products, for example, launching our new Adaptive Video Optimization technology and improving the stability of our SDKs to highest levels in our history,” said Tony Zhao, founder, chairman and CEO of Agora, Inc. “I firmly believe such improvements will create value for use cases of today and the future. For instance, our earlier prediction that generative AI models will interact with human directly through voice and video is rapidly materializing, which could benefit from our work today and develop into a core use case for our real-time engagement technology.” First Quarter 2024 Highlights Total revenues for the quarter were $33.0 million, a decrease of 9.4% from $36.4 million in the first quarter of 2023. Agora : $15.8 million for the quarter, an increase of 4 Show less Read more
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