Welcome to our dedicated page for Agora news (Ticker: API), a resource for investors and traders seeking the latest updates and insights on Agora stock.
Agora, Inc. provides real-time communication APIs powering voice, video, and AI-driven interactions across global applications. This page serves as the central hub for official company announcements, financial updates, and technology developments.
Investors and developers will find curated press releases detailing product launches, strategic partnerships, and quarterly earnings. Stay informed about innovations like Adaptive Video Optimization™ and enterprise solutions for telehealth, education, and live streaming markets.
Key updates include API enhancements, developer toolkit expansions, and recognition in industry benchmarks. Bookmark this page for reliable insights into Agora’s evolving role in shaping digital communication infrastructure.
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.
Agora, Inc. (NASDAQ: API) reported its Q2 2021 financial results, showcasing a 24.9% increase in total revenues to $42.3 million compared to Q2 2020. Active customers surged by 64.8% year-over-year. However, the company faced a net loss of $15.4 million, a significant decline from a $3.0 million net income in the same quarter last year. Adjusted EBITDA was negative at $7.3 million. Agora adjusted its revenue guidance for 2021, forecasting between $159 million and $161 million, influenced by market conditions and regulatory impacts.
Agora, Inc. (NASDAQ: API) announced its upcoming release of financial results for Q2 2021, scheduled for August 9, 2021. The earnings will be disclosed after the closing of U.S. markets. Following the release, Agora will host a conference call at 6 p.m. PT / 9 p.m. ET to discuss the results, with registration required for participation. Agora is committed to enhancing real-time engagement through its APIs, facilitating seamless video and voice communication across various applications globally.
Agora, Inc. (NASDAQ: API) announced a significant integration of its Video Software Developer Kit (SDK) within the HTC VIVE Sync App, enhancing remote collaboration for VR and non-VR users. This integration allows users to engage in a shared virtual environment, facilitating screen sharing and file exchange, thereby improving productivity. CEO Tony Zhao highlighted the potential for extended reality to transform workplace interactions. Following a recent partnership announcement at VIVECON, this integration marks a pivotal step towards more innovative real-time engagement applications.
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