Slide 1: Agora, Inc. 2025 Q1 Earnings
Agora, Inc. 2025 Q1 Earnings May 27, 2025
Slide 2: Disclaimer
Disclaimer Information in this presentation contains forward-looking statements within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act
Slide 3: Business Highlights
Business Highlights Agora, Inc.
Slide 4: Conversational AI Engine
Conversational AI Engine An Enterprise-Grade Solution for Human-AI Voice Experiences Chained Model User Voice Text Text STT Any LLM Any TTS SD-RTN Automatic Intelligent Selective AI Noise Echo Interruption Attention Suppression Cancelation Handling Locking User Agent Voice SD-RTN Functionality provi
Slide 5: ConvoAI Device Kit
ConvoAI Device Kit A Turnkey Solution for Adding Voice AI to Any Device l Combines our software, cloud services and high-performance chips from Beken l Powers a diverse range of use cases across verticals, including companionship toys, robotics, and smart speakers Agora, Inc. 5
Slide 6: TEN Continues Gaining Traction
TEN Continues Gaining Traction GitHub Stars since project inception Peer Project A Peer Project B Agora, Inc. Source: star-history.com, as of May 18, 2025 6
Slide 7: TEN Adds VAD and Turn Detection
TEN Adds VAD and Turn Detection Elevating Standards of Open-Sourced Solutions l TEN’s Voice Activities Detection (VAD) and Turn Detection outperformed existing open- source alternatives, providing developers better tools to build real-time voice AI experience l Try TEN VAD and Turn Detection at Hugg
Slide 8: Recommended by Public Cloud and Dev Platform
Recommended by Public Cloud and Dev Platform Build Realtime Voice Agent on Amazon Bedrock https://catalog.us-east-1.prod.workshops.aws/workshops/5a9a9de1-6dd7- 43b1-ba60-fc3792d99c40/en-US Deploy a TEN Framework with Enterprise AI Capability https://docs.oracle.com/en/solutions/ai-with-ten- framewor
Slide 9: Selective Conversational AI Use Cases
Selective Conversational AI Use Cases Interactive Customer Class Service Spark EnOWa Education Language Personal Tutor Assistant Dou Shen AI SenseTime Agora, Inc. 9
Slide 10: Selective Conversational AI Use Cases
Selective Conversational AI Use Cases Companion Education Toys Toys Robopoet Uascent Smart Translation Glasses Device LOOKTECH TOALL Agora, Inc. 10
Slide 11: 2025 Q1 Financial Update
2025 Q1 Financial Update Agora, Inc.
Slide 12: Customer Base
Customer Base ACTIVE CUSTOMERS (1)(2) 3,731 3,800 3,616 3,642 3,702 1,969 1,979 1,994 1,896 1,970 1,720 1,672 1,762 1,723 1,806 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 Agora Shengwang Notes: (1) An active customer at the end of the period is an organization or individual developer from which we generated
Slide 13: Group Revenues
Group Revenues TOTAL REVENUES in US$M $34.2 $34.5 $33.0~$35.0 $33.0 $33.3 $31.6 $3.3 $3.3 $17.1 $14.7 $15.3 $15.9 $13.9 $17.4 $18.6 $15.8 $15.6 $15.7 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2E YoY Growth(1) -10.8% -1.6% -3.1% 3.6% 12.1% 6.8% - 13.3% Agora Shengwang - Continuing Shengwang - End-of-sale products
Slide 14: Revenues by Division
Revenues by Division AGORA REVENUES SHENGWANG REVENUES (1) in US$M in RMB Millions $18.6 $17.4 ¥122.2 $15.8 $15.6 $15.7 ¥112.9 ¥108.2 ¥105.5 ¥98.9 24Q1 24Q2 24Q3 24Q4 25Q1 24Q1 24Q2 24Q3 24Q4 25Q1 USD/RMB 7.10 7.11 7.12 7.16 7.18 In US$M $13.9 $15.3 $15.9 $17.1 $14.7 Notes: Agora, Inc. 1. Shengwang
Slide 15: Net Retention Rate
Net Retention Rate DOLLAR–BASED NET RETENTION RATE (1)(2) Mar 24 Jun 24 Sep 24 (3) Dec 24 (3) Mar 25 (3) Agora 92% 92% 94% 95% 96% Shengwang 78% 79% 78% 79% 85% Notes: 1. We calculate Dollar-Based Net Retention Rate for a trailing 12-month period by first identifying all customers in the prior 12-mo
Slide 16: Gross Profit and Margin
Gross Profit and Margin TOTAL REVENUES, GROSS PROFIT AND GROSS MARGIN in US$M; as % of Total Revenues 24Q1 24Q2 24Q3 24Q4 25Q1 Revenues 33.0 34.2 31.6 34.5 33.3 - Continuing business 29.7 30.9 31.6 34.5 33.3 - End-of-sale products 3.3 3.3 - - - Gross profit 20.2 21.2 21.0 22.9 22.6 - Continuing busi
Slide 17: Operating Expenses
Operating Expenses OPERATING EXPENSES in US$M; as % of Total Revenues 100.9% 95.3% 95.3% 82.7% $33.3 79.5% $32.6 $0.9 $0.9 $30.1 $28.5 $7.5 $0.9 $26.5 $7.3 $0.9 $6.4 $0.9 $5.5 $5.3 $6.8 $6.3 $6.2 $7.3 $6.2 $18.1 $18.1 $16.6 $14.8 $14.0 24Q1 24Q2 24Q3PF (1) 24Q4 25Q1 Research & Development Sales & Ma
Slide 18: Income/(Loss)
Income/(Loss) Loss from Operations Net Income (Loss) in US$M in US$M $0.2 $0.4 0.5% 1.2% ($3.7) ($3.9) ($4.9) (11.1%) (12.4%) (14.2%) ($8.5) ($9.5) ($9.2) ($11.1) ($12.6) (27.0%) (27.0%) (28.7%) (32.5%) (38.3%) 24Q1 24Q2 24Q3PF (1) 24Q4 25Q1 24Q1 24Q2 24Q3PF (1) 24Q4 25Q1 Loss from Operations Loss f
Slide 19: Balance Sheet
Balance Sheet BALANCE SHEETS SNAPSHOT AS OF MARCH 31, 2025 in US$M Cash & cash equivalents 43 52 Short-term bank deposits 35 79 Short-term financial products issued by banks 65 388 Long-term bank deposits 190 Long-term financial 55 products issued by banks Total 388 39 573 161 58 40 18 Cash, cash eq
Slide 20: Share Repurchase Program
Share Repurchase Program As of March 31, 2025, we repurchased 33.0 million ADSs(1) for approximately US$116.4 million, representing 58% of the US$200 million share repurchase program. Our current $200 million share repurchase program will expire at the end of February 2026. NUMBER OF ADSs REPURCHASE
Slide 21: Appendix
Appendix Agora, Inc.
Slide 22: Who We Are
Global pioneer and leader in Real-Time Who We Are Engagement Platform-as-a-Service (“RTE-PaaS”) Who We Serve Software developers Provide a cloud service that enables real-time What We Do video and audio engagement in any App Agora, Inc. 22
Slide 23: Global Presence
Global Presence Agora, Inc. (NASDAQ: API) Santa Clara, U.S. Shanghai, China Agora Headquarters Santa Clara, U.S. (2013-Present) Shengwang Headquarters Shanghai, China (2014-Present) Agora, Inc. 23
Slide 24: Our Platform
Our Platform Real-Time Engagement Platform-as-a-Service Core Products Extensions Application Platforms Voice Video Interactive Live Interactive Recording Flexible Classroom Conversational Calling Calling Streaming Whiteboard (Low-code) AI Engine ConvoAI Broadcast Signaling Chat Real-time Extensions
Slide 25: SD-RTN and SDK
SD-RTN and SDK Software-Defined Real-Time Network (SD-RTN) End User End User Application Application SDK SDK End User End User Application Application SDK SDK Software Development Kit (SDK) Software Development Kit (SDK) (Sender Device) Running on more than 200 (Receiver Device) co-located data cent
Slide 26: Market Leadership
Market Leadership Global Unique Apps with 10,000 Real-time Audio and Video SDK Installed 8,000 6,000 4,000 2,000 0 Competitor A Competitor B Competitor C Competitor D Notes: Number of unique apps with real-time audio and video SDK installed worldwide as of September 30, 2024, ranked by SDK vendor. A
Slide 27: Conversational AI Engine
Conversational AI Engine Intelligent pause / interruption handling; Selective attention In-house and 3rd-party TTS Ultra-low latency; Network coverage; Noise suppression Convo AI Engine Agora, Inc. Source: Andreessen Horowitz, “AI Voice Agents: 2025 Update” 27
Slide 28: Agora is Recommended by OpenAI to Provide Audio Infra Capabilities
Agora is Recommended by OpenAI to Provide Audio Infra Capabilities Agora, Inc. Source: OpenAI, https://openai.com/index/introducing-the-realtime-api/ 28
Slide 29: Investment Thesis for Agora, Inc.
Investment Thesis for Agora, Inc. Undisputed leader in RTE technology worldwide endorsed by most tech- savvy customers and partners such as OpenAI Uniquely positioned to provide critical infrastructure for building voice- based AI agents A truly global company with balanced revenue from US, China, a
Slide 30: Thank you
Thank you Agora, Inc.