Agora (API.US) reported Q4 revenue of US$34.5 million, a 28.6% YoY increase, and a 28.6% YoY growth in net profit.

Agora, Inc. (API.US), the parent company of Agora, Inc., has released its financial results for the fourth quarter and full year of 2024. According to the report, Agora Q3 revenue was US$34.5 million, a 4.4% YoY decrease, in line with the company's previous expectation of being between US$34 million and US$36 million. Under the Non-GAAP accounting standards, net profit was US$1.8 million, a 28.6% YoY increase from US$1.4 million in the same period last year.

Business focusing on the Chinese market achieved revenue of RMB122.2 million (US$17.1 million), a 17.6% YoY decrease; Agora, focusing on non-Chinese markets, achieved revenue of US$17.4 million, a 13.7% YoY increase.

In terms of customer scale, Agora had 1,979 active customers as of December 31, 2024, a 7.8% YoY decrease, and Agora had 1,723 active customers, a 2.4% YoY increase.

For the full year of 2024, Agora's revenue was US$133.3 million, a 5.9% YoY decrease; under the Non-GAAP accounting standards, net loss was US$19.4 million, compared with a net loss of US$29.9 million in the same period last year. Business focusing on the Chinese market achieved revenue of RMB489.6 million (US$68.8 million), a 13.7% YoY decrease; Agora, focusing on non-Chinese markets, achieved revenue of US$64.5 million, a 5.7% YoY increase.

Looking ahead, based on the information currently available, the Company expects its revenue in the first quarter of 2025 to be between US$31 million and US$33 million, not including the revenue from certain terminal low-margin products.