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Agora, Inc. American Depositary Shares - $API STOCK NEWS

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Agora, Inc. (NASDAQ: API) reveals survey results showing that 61% of consumers under 55 are interested in live shopping experiences, indicating a growing trend in interactive retail. Despite some resistance, live shopping is gaining popularity, with convenience, product demonstrations, and interactivity being key drivers of consumer engagement. Brands must balance innovation and familiarity to create compelling live shopping experiences that cater to diverse age groups and expectations.

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Agora, Inc. (NASDAQ: API) has launched Adaptive Video Optimization™ (AVO) technology that enhances live video quality by dynamically optimizing performance from capture to playback. The technology addresses common issues like freezing, stuttering, and grainy video caused by network conditions. AVO uses machine learning algorithms to ensure the highest video quality and optimal performance under varying network scenarios. Agora's CEO, Tony Zhao, emphasizes the importance of high-quality live streaming in today's digital world. AVO focuses on optimized image quality, unmatched video fluency, and ultra-low latency, using a comprehensive machine learning approach to optimize every stage of video processing. The technology dynamically selects the best video codec based on device capabilities and ensures a consistent, high-quality experience for users.

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Agora, Inc. (API) partners with EZDRM to enhance media and entertainment offerings with digital rights management solutions. The collaboration aims to provide secure, interactive experiences for live streaming content protection.
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Agora, Inc. announced its unaudited financial results for Q4 2023 and FY 2023, showcasing strong revenue growth, profitability, and shareholder returns. The company's total revenues, net income, and active customers increased, while net loss decreased. However, revenue decline in certain segments impacted the overall financial performance. Agora's cost optimization efforts led to improved gross margins and reduced operating expenses. The company's share repurchase program and extended financial outlook demonstrate confidence in long-term growth prospects.
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Agora, Inc. (NASDAQ: API) will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the close of U.S. markets on February 26, 2024. The company will host a conference call to discuss the financial results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on the same day. Investors can register for the call and view the earnings release and accompanying slides on Agora, Inc.'s investor relations website.
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Agora, Inc. (NASDAQ: API) announced the resignation of Stanley Wei, the Chief Strategy Officer and Chief Operating Officer, effective December 7, 2023. Tony Zhao, founder, chairman, and CEO, and Tony Wang, Chief Revenue Officer, will take over his operational responsibilities. The global market remains a strategic priority for the company.
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Agora, Inc. (API) announced unaudited financial results for Q3 2023, reporting $35.0 million in total revenues, a 14.6% decrease from Q3 2022. The net loss for the quarter was $22.5 million, with Agora's revenue at $15.3 million and Shengwang's at RMB141.2 million ($19.7 million). Active customers increased, but the dollar-based net retention rate for both Agora and Shengwang declined. The company's adjusted EBITDA was negative $4.4 million, with a total cash position of $373.4 million. Despite the decrease in revenues, the company's gross margin increased to 64.0% from 59.4% in the same period last year. Operating expenses decreased by 33.7%, leading to a reduction in the loss from operations. The company also reported a change in its board of directors and provided a financial outlook for Q4 2023.
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Agora, Inc. (NASDAQ: API) announces RTE Telehealth webinar event exploring the impact of emerging technologies like AR, VR, and AI on telehealth. The event aims to highlight the potential of these technologies to revolutionize healthcare delivery, patient education, and medical training. With the telemedicine market projected to grow to $450 billion by 2032, the integration of AI and AR/VR into telehealth is expected to redefine accessibility and efficacy in healthcare, offering unprecedented accessibility and creating immersive training platforms for medical professionals.
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Agora, Inc. (NASDAQ: API) will release its financial results for the third quarter ended September 30, 2023 on November 21, 2023. The company will host a conference call at 5 p.m. Pacific Time / 8 p.m. Eastern Time on the same day to discuss the financial results. Investors can register for the call and view the earnings release and accompanying slides on Agora, Inc.'s investor relations website.
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Agora announces the wide availability of its technology for livestream shopping experiences. The US market for live video shopping is rapidly expanding, and Agora's solution helps brands and platforms create engaging live streaming experiences. CommentSold is working with Agora to provide multi-source live stream shopping for its customers. Livestream shopping is a growing trend, with sales initiated through live commerce projected to account for 20% of all e-commerce by 2026. The US livestream shopping market is estimated to be worth $35 billion by 2024.
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Agora, Inc. American Depositary Shares

Nasdaq:API

API Rankings

API Stock Data

248.29M
244.77M
1.94%
31.24%
2.16%
Software Publishers
Information
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United States of America
Stanta Clara

About API

agora powers the real time communication. agora provides the building blocks developers need to add high definition voice calls/video call to any mobile app through a simple yet powerful sdk. agora‘s proprietary, proven technology handles billions of voice minutes every year, which allows developers to support as many as 2,000 users in a single call. at agora, we handle the challenging pieces of real time communication, so our users can focus on expanding their businesses and social circles instead of having to worry about the dropped calls and privacy issues that commonly arise with other networks