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Agora Inc - API STOCK NEWS

Welcome to our dedicated news page for Agora (Ticker: API), a resource for investors and traders seeking the latest updates and insights on Agora.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Agora's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Agora's position in the market.

News
Agora Partners with EZDRM To Bring Content Protection To Live Broadcasting
Rhea-AI Summary
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. Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.91%
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earnings
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Agora, Inc. to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 26, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
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conferences earnings
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Agora, Inc. Announces Executive Leadership Update
Rhea-AI Summary
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. Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.77%
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earnings
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Agora Announces RTE Telehealth, A Webinar Exploring the Impact of AI and AR/VR in Virtual Healthcare
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
0.31%
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AI
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Agora, Inc. to Report Third Quarter 2023 Financial Results on November 21, 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
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conferences earnings
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Agora Makes Livestream Shopping Technology Widely Available
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.47%
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Harnessing the Power of Live Shopping: Agora Announces Comprehensive Four-Part Webinar Series
Rhea-AI Summary
Agora, Inc. announces its RTE Live Shopping webinar series to explore the growing trend of live shopping. The series aims to provide brands, e-commerce platforms, and creators with insights on customer engagement. Live shopping is projected to account for 20% of global online sales by 2026, with the US market expected to reach $35 billion by 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.32%
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Agora, Inc. Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Agora, Inc. announces Q2 2023 financial results with total revenues of $34.0 million, a decrease of 16.9% from Q2 2022. Non-GAAP net loss narrows to $6.6 million. Share repurchase program returns $82.0 million to shareholders. Q3 2023 revenue outlook between $34.5 million and $36.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.12%
Tags
earnings
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Agora Inc

Nasdaq:API

API Rankings

#3656 Ranked by Market Cap
#1596 Ranked by Stock Gains
N/A Ranked by Dividends

API Stock Data

217.59M
244.77M
1.94%
31.24%
2.16%
Software Publishers
Information
Link
US
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