Agora Inc. Reports Q1 2025 Revenue of $33.3M, Achieving Second Consecutive Quarter of GAAP Profitability
Agora Inc. reported Q1 2025 revenue of $33.3 million, a 0.8% increase from Q1 2024. Core operations revenue rose 17.7% to $18.6 million, while Shengwang's revenue declined 13.9% to $14.7 million. The active customer base grew to 1,806, with a dollar-based net retention rate of 96%. The company achieved a net income of $0.4 million, a turnaround from a $9.5 million loss last year. Agora's cash position is strong at $388 million, and it is focusing on growth in conversational AI following the launch of its Conversational AI Engine.
Agora Inc. reported its financial results for the first quarter of 2025, highlighting a total revenue of $33.3 million, marking a slight increase of 0.8% from $33.0 million in the first quarter of 2024, which included $3.3 million from certain end-of-sale products. Revenue from Agora's core operations rose by 17.7% to $18.6 million, compared to $15.8 million in the same period last year. However, Shengwang experienced a revenue decline of 13.9%, generating RMB105.5 million ($14.7 million), down from RMB122.6 million ($17.2 million) in the first quarter of 2024. Agora's active customer base expanded to 1,806, a 5.0% increase from 1,720 a year prior, while Shengwang's customer count grew by 5.2% to 1,994. The dollar-based net retention rate for Agora was 96%, and Shengwang's was 85% for the trailing 12-month period ending March 31, 2025. The company reported a net income of $0.4 million for the quarter, a significant turnaround from a net loss of $9.5 million in the first quarter of 2024. Agora's cash position remained strong, with total cash, cash equivalents, bank deposits, and financial products amounting to $388.0 million as of March 31, 2025. The net cash provided by operating activities was $17.6 million, bolstered by $17.8 million in interest proceeds from the maturity of bank deposits and financial products, contrasting with a net cash usage of $6.5 million in the corresponding period of the previous year. Agora is focusing on future growth, particularly in conversational AI, following the launch of its Conversational AI Engine in March. The company has observed substantial interest from developers and customers in using this technology for various applications, and it anticipates that advancements in large language models will drive increased adoption and contribute to revenue growth over time.
