Agora, Inc. Sponsored ADR Class A (API.US) reported a fourth quarter revenue of $34.5 million, with a year-on-year net profit growth of 28.6%.

Agora, Inc. Sponsored ADR Class A's parent company Agora, Inc. (API.US) has announced its financial performance for the fourth quarter and full year of 2024. The financial report shows that in Q3, Agora's revenue was $34.5 million, a decrease of 4.4% year-on-year, which was within the company's expected range of $34 million to $36 million. Under Non-GAAP accounting rules, the net profit was $1.8 million, compared to $1.4 million in the same period last year, an increase of 28.6%. Agora, Inc. Sponsored ADR Class A, focusing on the Chinese market, achieved revenue of 122.2 million RMB ($17.1 million), a decrease of 17.6% year-on-year; while Agora, focusing on non-Chinese markets, achieved revenue of $17.4 million, an increase of 13.7%. In terms of customer scale, as of December 31, 2024, Agora, Inc. Sponsored ADR Class A had 1,979 active customers, a decrease of 7.8% year-on-year, while Agora had 1,723 active customers, an increase of 2.4% year-on-year. For the full year of 2024, Agora's revenue was $133.3 million, a decrease of 5.9% year-on-year; under Non-GAAP accounting rules, the net loss was $19.4 million, compared to $29.9 million in the same period last year. Agora, Inc. Sponsored ADR Class A's full-year revenue in the Chinese market was 489.6 million RMB ($68.8 million), a decrease of 13.7% year-on-year; while Agora's revenue in non-Chinese markets was $64.5 million, an increase of 5.7%. Looking ahead, based on current available information, excluding revenue from certain low-profit margin products, the company expects revenue for the first quarter of 2025 to be between $31 million and $33 million.