Agora Sa · GPW:AGO
Agora Sa — Q4 2024 Earnings Presentation
30 slides from Agora Sa's earnings presentation, Feb 24, 2025
Slide 1: Agora, Inc. 2024 Q4 Earnings
Agora, Inc. 2024 Q4 Earnings February 24, 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: We are a Critical Infra for AI Voice Agents
We are a Critical Infra for AI Voice Agents Intelligent pause / interruption handling; Selective attention Ultra-low latency; Network coverage; Noise suppression Agora, Inc. 4 Source: a16z, https://a16z.com/ai-voice-agents-2025-update/
Slide 5: Agora is Recommended by OpenAI to Provide Audio Infra Capabilities
Agora is Recommended by OpenAI to Provide Audio Infra Capabilities Agora, Inc. 5 Source: OpenAI, https://openai.com/index/introducing-the-realtime-api/
Slide 6: TEN (Transformative Extensions Network) Works with Any LLM
TEN (Transformative Extensions Network) Works with Any LLM App ⚫ An open-sourced project support by us, TEN is an RTC / RTM SDK orchestration framework that enables developers to Ext Agora SD-RTN rapidly build multimodal AI agents. TEN Runtime ⚫ TEN integrates building blocks for speech-to-text (STT
Slide 7: Attention is All TEN Needs
Attention is All TEN Needs GitHub Stars since project inception Peer Project A Peer Project B Agora, Inc. 7 Source: star-history.com, as of February 19, 2025
Slide 8: Models & Extensions Supported by TEN
Models & Extensions Supported by TEN Large Language Models (LLMs) STT TTS Cosy RTC LLM Framework Vector Database AI App Developing Platform … with many more extensions coming Agora, Inc. 8
Slide 9: Talk to OpenAI, Gemini, DeepSeek, and More
Talk to OpenAI, Gemini, DeepSeek, and More https://agent.theten.ai/ Agora, Inc. 9
Slide 10: Launch of Conversational AI Engine
Launch of Conversational AI Engine - An Enterprise Solution Built on the Success of TEN ⚫ Our Conversational AI Engine is an enterprise-grade solution that empowers developers to create interactive voice experiences ⚫ It provides wide compatibility with any AI model ⚫ It also elevates conversation e
Slide 11: Partnership with Beken Corporation for Conversational AI Use Cases on IoT Devices
Partnership with Beken Corporation for Conversational AI Use Cases on IoT Devices ⚫ Beken Corporation, a leading wireless connectivity chip design company, unveiled its Artificial Intelligence Development Kit (AIDK) at CES 2025 in partnership with us ⚫ Beken’s solution utilizes our leading real-time
Slide 12: 2024 Q4 Financial Update
2024 Q4 Financial Update Agora, Inc.
Slide 13: Customer Base
Customer Base ACTIVE CUSTOMERS (1)(2) 3,642 3,731 3,702 3,616 3,518 1,896 1,970 1,969 1,979 1,835 1,683 1,720 1,672 1,762 1,723 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Agora Shengwang Notes: (1) An active customer at the end of the period is an organization or individual developer from which we generated
Slide 14: Group Revenues
Group Revenues TOTAL REVENUES in US$M $36.0 $34.2 $34.5 $2.7 $33.0 $31.6 $31.0~$33.0 $3.3 $3.3 $17.1 $18.0 $15.9 $13.9 $15.3 $15.8 $17.4 $15.3 $15.6 $15.7 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1E YoY Growth(1) 7.7% YoY Growth(1) 3.6% at mid point Agora Shengwang - Continuing Shengwang - End-of-sale products N
Slide 15: Revenues by Division
Revenues by Division AGORA REVENUES SHENGWANG REVENUES (1) in US$M in RMB Millions ¥129.3 $17.4 ¥122.2 $15.8 $15.6 $15.7 ¥112.9 $15.3 ¥108.2 ¥98.9 23Q4 24Q1 24Q2 24Q3 24Q4 23Q4 24Q1 24Q2 24Q3 24Q4 USD/RMB 7.14 7.10 7.11 7.12 7.16 In US$M $18.0 $13.9 $15.3 $15.9 $17.1 Notes: Agora, Inc. 1. Shengwang
Slide 16: Net Retention Rate
Net Retention Rate DOLLAR–BASED NET RETENTION RATE (1)(2) Dec 23 Mar 24 Jun 24 Sep 24 (3) Dec 24 (3) Agora 93% 92% 92% 94% 95% Shengwang 82% 78% 79% 78% 79% Notes: 1. We calculate Dollar-Based Net Retention Rate for a trailing 12-month period by first identifying all customers in the prior 12-month
Slide 17: Revenue Contribution: Past vs Present
Revenue Contribution: Past vs Present TOTAL REVENUES $40.4 in US$M K12 tutoring business terminated Disposed business after regulatory change $34.5 K12 tutoring in China China K12 AST experienced significant Others growth until regulatory Others Education change in mid 2021 Education Social IoT and
Slide 18: Gross Profit and Margin
Gross Profit and Margin TOTAL REVENUES, GROSS PROFIT AND GROSS MARGIN (GAAP) in US$M; as % of Total Revenues 23Q4 24Q1 24Q2 24Q3 24Q4 Revenues 36.0 33.0 34.2 31.6 34.5 - Continuing business 33.3 29.7 30.9 31.6 34.5 - End-of-sale products 2.7 3.3 3.3 - - Gross profit 22.7 20.2 21.2 21.0 22.9 - Contin
Slide 19: Operating Expenses
Operating Expenses OPERATING EXPENSES (GAAP) in US$M; as % of Total Revenues 100.9% 95.3% 95.3% 86.7% 83.7% $33.3 $32.6 $31.2 $0.9 $0.9 $30.1 $0.9 $28.5 $7.5 $0.9 $7.3 $0.9 $7.0 $6.4 $5.5 $6.8 $6.3 $7.1 $6.2 $7.3 $16.3 $18.1 $18.1 $16.6 $14.8 23Q4 24Q1 24Q2 24Q3PF (1) 24Q4 Research & Development Sal
Slide 20: Income/(Loss)
Income/(Loss) Loss from Operations (GAAP) Net Income (Loss) (GAAP) in US$M in US$M $0.2 0.5% ($2.6) (7.2%) ($3.9) ($4.9) (12.4%) (14.2%) ($8.4) ($8.5) ($9.5) ($9.2) ($11.1) (23.2%) ($12.6) (27.0%) (27.0%) (28.7%) (32.5%) (38.3%) 23Q4 24Q1 24Q2 24Q3PF (1) 24Q4 23Q4 24Q1 24Q2 24Q3PF (1) 24Q4 Loss from
Slide 21: Balance Sheet
Balance Sheet BALANCE SHEETS SNAPSHOT AS OF DECEMBER 31, 2024 in US$M Cash & cash equivalents 27 58 Short-term bank deposits 168 69 Short-term financial 72 products issued by banks 364 Long-term bank deposits 36 Long-term financial 61 products issued by banks Total 364 61 573 162 113 Cash, cash equi
Slide 22: Share Repurchase Program
Share Repurchase Program As of December 31, 2024, we repurchased 32.7 million ADSs(1) for approximately US$115.2 million, representing 58% of the US$200 million share repurchase program. The board has authorized an extension of the US$200 million share repurchase program through February 28, 2026. N
Slide 23: Appendix
Appendix Agora, Inc.
Slide 24: 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. 24
Slide 25: 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. 25
Slide 26: Our Platform
Our Platform Real-Time Engagement Platform-as-a-Service Core Products Extensions Application Platforms Voice Video Interactive Live Interactive Recording AI Noise Flexible Classroom Calling Calling Streaming Whiteboard Suppression (Low-code) Broadcast Signaling Chat Analytics Extensions Real-time Ap
Slide 27: SD-RTN and SDK
SD-RTN and SDK Software-Defined Real-Time Network (SD-RTN) End User End User Application Application End User End User Application Application Software Development Kit (SDK) Software Development Kit (SDK) (Sender Device) Running on more than 200 (Receiver Device) co-located data centers worldwide So
Slide 28: 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 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.