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Edge28 Nov 2025
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Agora (API) investor relations material
Agora Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Achieved fourth consecutive quarter of GAAP profitability in Q3 2025, with double-digit revenue growth and expanding margins.
Total Q3 revenue was $35.4 million, up 12% year-over-year, and GAAP net profit reached $2.7 million with a 7.8% net margin.
Core real-time engagement business rebounded, with first full-year revenue growth since the pandemic and significant investments in conversational AI, including the launch of AI Engine 2.0 and a zero/no-code AI Studio.
Strong customer adoption in call centers, education, and AI companionship toys, with global infrastructure expansion supporting growth.
Active customer base grew to 1,968 for Agora and 1,976 for Shengwang, with net retention rates of 108% and 90% respectively.
Financial highlights
Q3 total revenue: $35.4 million, up 12% year-over-year; Agora division revenue: $18.2 million, up 15.9%; Shenghua/Shengwang revenue: RMB 122.4 million ($17.2 million), up 8.4%.
Gross margin: 66%, down 0.7% year-over-year and 0.8% sequentially.
R&D expenses: $13.8 million, down 52.8% year-over-year; sales and marketing: $6.5 million, down 5.6%; G&A: $5 million, down 48.4%.
Operating cash flow: $0.7 million in Q3, compared to negative $4.6 million last year.
Net income was $2.7 million, compared to a net loss of $24.2 million in Q3 2024.
Outlook and guidance
Q4 2025 revenue expected between $37 million and $38 million, up 7.2%-10.1% year-over-year.
Net income projected to grow sequentially in Q4; target for full-year 2026 is GAAP operating profit and net profit improvement over 2025.
Anticipates meaningful conversational AI revenue in the first half of next year, with broader adoption by year-end.
Guidance reflects current market and operational conditions, subject to change.
Is Q3's operating expense reduction sustainable?
Conversational AI's impact on future growth?
What's next for share repurchase program?
Which Convo AI apps drive H1 2026 revenue?
What sustains core PaaS growth momentum?
What is the edge inference service expansion strategy?
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Frequently asked questions
Agora, Inc., a leading provider of Real-Time Engagement Platform-as-a-Service (RTE-PaaS), provides business solutions for customers across the globe. Agora's RTE-PaaS solutions enable organizations to harness the power of social media and real-time communication. These include: real time monitoring, curation and analysis of online conversations from various social media websites (e.g., Twitter, Facebook, Sina Weibo) in multiple languages; online reputation management; live assistance via chat with real human agents; social customer care automation.
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