Agora, Inc. Stock Price, News & Analysis

Agora, Inc. (NASDAQ: API) has announced a partnership with Smule to enhance its Sing Live feature, allowing users to sing holiday carols in real-time, regardless of their location. This collaboration utilizes Agora's real-time engagement technology, improving user experience during the holiday season. Smule offers audio-only sessions for free, while VIP subscribers can host video sessions. Users can also create festive recordings with music legends and access new AR features, creating deeper connections and driving revenue opportunities for both companies.

Agora, Inc. (NASDAQ: API) has partnered with Smule, a popular social singing app, to enhance its Sing Live feature using Agora’s Software-Defined Real-time Network (SD-RTN). This collaboration enables users to sing carols in real-time without lag, ensuring seamless holiday connections. Agora's SD-RTN leverages 250 data centers globally for efficient data delivery. Smule users can join audio-only sessions for free, while VIPs can host video sessions. The partnership aims to connect families virtually during the holidays, highlighting Agora's scalable technology.

Agora, Inc. (NASDAQ: API) reported third-quarter results for 2021 with total revenues of $45.0 million, up 46% year-over-year. Active customers increased by 41.3% to 2,564. However, the company posted a net loss of $21.1 million, compared to a loss of $2.9 million a year earlier. Operating expenses surged by 116.9% to $50.4 million, primarily due to increased research and development costs. The company anticipates 2021 revenues between $163 million and $165 million. Agora aims to expand its real-time engagement solutions amidst growing demand.

Agora, Inc. (NASDAQ: API) is set to release its third quarter financial results on November 15, 2021, after U.S. market close. The company will host a conference call at 5:00 p.m. Pacific Time to discuss these results. Interested participants can register online for the call using the provided link. Agora aims to enhance real-time engagement through its cloud platform, offering APIs for video and voice functionalities. The company operates dual headquarters in Shanghai and Santa Clara.

Agora, Inc. (NASDAQ: API) announced its Extensions Marketplace and a $100 million investment into the real-time engagement (RTE) ecosystem during its RTE2021 virtual conference. The event gathered thousands of attendees from over 100 countries, discussing advancements in voice, video, and streaming technologies. The Startup Battleground competition awarded Blink Date a $10,000 prize for innovative engagement solutions. The conference highlighted a significant demand growth in RTE technologies, with video rising 110% and audio climbing 143% in 2020.

Agora, Inc. (NASDAQ: API) has launched an Extensions Marketplace during its RTE2021 conference, designed to facilitate the integration of real-time video and voice features for developers. The marketplace initially includes partnerships with Bose and Hive, offering tools like noise-filtering software and real-time content moderation. Agora aims to simplify integration for developers, enhancing user engagement in apps. Additionally, the company announced a $100 million investment into the RTE ecosystem to spur further innovation.

Agora, Inc. (NASDAQ: API) announced a new study that highlights the significant growth of real-time engagement (RTE) technology in the past year. The analysis shows RTE video usage rose by 110% and audio by 143% in 2020, fueled by the pandemic. Agora powered over 80 billion minutes of RTE video and 400 billion minutes of RTE audio. In 2021, usage is expected to surpass 2020, with strong growth in e-commerce, HR, and customer service. Agora's RTE2021 conference is set to explore these trends further.

Agora, Inc. (NASDAQ: API) announced its RTE2021 conference, scheduled for September 1-2, 2021, focusing on real-time engagement technologies. This virtual event will showcase innovations in video, voice, and streaming, featuring speakers from major firms like Google and HP. The conference will also include the announcement of the Start-Up Battleground competition winner, with a $10,000 prize for innovative real-time engagement ideas. Ahead of the event, Agora released research indicating Gen Z's strong preference for interactive video and audio in apps, emphasizing the demand for enhanced engagement technologies.

Agora (NASDAQ: API) has partnered with De Kabeza to integrate real-time engagement (RTE) into live mobile gaming. This collaboration enhances De Kabeza's platform with Agora's voice, video, and interactive technology, aiming to create immersive experiences for users. Both companies are focused on attracting audiences by transforming traditional gaming formats into more engaging, interactive ones. The partnership is a strategic move to leverage low-latency solutions, benefiting clients like Sorteos Tec, which saw over 9,300 registrants for a recent game event.