Slide 1: Agora, Inc. 2025 Q2 Earnings
Agora, Inc. 2025 Q2 Earnings August 18, 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: Latest Upgrade with New Features
Conversational AI Engine Latest Upgrade with New Features Chained Model Text Text User Voice STT Any LLM Any TTS SD-RTN Ne Ne Ne w w w Advanced Real-time Interactive Attention Vision Avatars Locking Understanding Agent Voice Automatic Intelligent AI Noise User Echo Interruption Suppression Cancelati
Slide 5: Conversational AI Engine: Latest Upgrade with New Features
Conversational AI Engine Latest Upgrade with New Features Advanced Attention Real-time Vision Locking Understanding Interactive Avatars Agora, Inc. 5
Slide 6: Conversational AI Engine at World AI Conference
Conversational AI Engine at World AI Conference Agora, Inc. 6
Slide 7: Launch of Convo AI Benchmark Arena
Launch of Convo AI Benchmark Arena Overall Latency Component Latency Benchmark Arena Benchmark Arena Agora, Inc. 7
Slide 8: 2025 Q2 Financial Update
2025 Q2 Financial Update Agora, Inc.
Slide 9: Growing Customer Base
Growing Customer Base ACTIVE CUSTOMERS (1)(2) 3,800 3,877 3,642 3,731 3,702 1,994 1,997 1,970 1,969 1,979 1,762 1,723 1,806 1,880 1,672 Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 Agora Shengwang Notes: (1) An active customer at the end of the period is an organization or individual developer from which we g
Slide 10: Group Revenues
Group Revenues TOTAL REVENUES in US$M $34.5 $34.0~$36.0 $34.2 $34.3 $33.3 $31.6 $3.3 $17.1 $14.7 $16.1 $15.3 $15.9 $17.4 $18.6 $18.2 $15.6 $15.7 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3E YoY Growth(1) -1.6% -3.1% 3.6% 12.1% 11.0% 7.6% - 13.9% Agora Shengwang - Continuing Shengwang - End-of-sale products Notes:
Slide 11: Revenues by Division
Revenues by Division AGORA REVENUES SHENGWANG REVENUES (1) in US$M in RMB Millions $18.6 $18.2 $17.4 ¥122.2 $15.6 $15.7 ¥112.9 ¥115.5 ¥108.2 ¥105.5 24Q2 24Q3 24Q4 25Q1 25Q2 24Q2 24Q3 24Q4 25Q1 25Q2 USD/RMB 7.11 7.12 7.16 7.18 7.19 In US$M $15.3 $15.9 $17.1 $14.7 $16.1 Notes: Agora, Inc. 1. Shengwang
Slide 12: Net Retention Rate
Net Retention Rate DOLLAR–BASED NET RETENTION RATE (1)(2) Jun 24 Sep 24 (3) Dec 24 (3) Mar 25 (3) Jun 25 (3) Agora 92% 94% 95% 96% 97% Shengwang 79% 78% 79% 85% 87% Notes: 1. We calculate Dollar-Based Net Retention Rate for a trailing 12-month period by first identifying all customers in the prior 1
Slide 13: Gross Profit and Margin
Gross Profit and Margin TOTAL REVENUES, GROSS PROFIT AND GROSS MARGIN in US$M; as % of Total Revenues 24Q2 24Q3 24Q4 25Q1 25Q2 Revenues 34.2 31.6 34.5 33.3 34.3 - Continuing business 30.9 31.6 34.5 33.3 34.3 - End-of-sale products 3.3 - - - - Gross profit 21.2 21.0 22.9 22.6 22.9 - Continuing busine
Slide 14: Operating Expenses
Operating Expenses OPERATING EXPENSES in US$M; as % of Total Revenues 95.3% 95.2% 82.7% 79.5% 77.4% $32.6 $30.1 $28.5 $8.2 $26.5 $26.5 $7.3 $6.4 $6.2 $6.0 $6.3 $6.2 $7.3 $6.2 $6.5 $18.1 $16.6 $14.8 $14.0 $14.0 24Q2 24Q3PF (1) 24Q4 25Q1 25Q2 Research & Development Sales & Marketing General & Administ
Slide 15: Income/(Loss)
Income/(Loss) Loss from Operations Net Income (Loss) in US$M in US$M $1.5 $0.2 $0.4 4.3% 0.5% 1.2% ($3.1) ($3.7) ($3.9) ($4.9) (9.1%) (11.1%) (12.4%) (14.2%) ($8.5) ($9.2) ($11.1) (27.0%) (27.0%) (32.5%) 24Q2 24Q3PF (1) 24Q4 25Q1 25Q2 24Q2 24Q3PF (1) 24Q4 25Q1 25Q2 Loss from Operations Loss from Ope
Slide 16: Balance Sheet
Balance Sheet BALANCE SHEETS SNAPSHOT AS OF JUNE 30, 2025 in US$M Cash & cash equivalents 40 50 Short-term bank deposits 35 82 Short-term financial products issued by banks 61 377 Long-term bank deposits 189 Long-term financial 52 products issued by banks Total 377 41 566 160 71 32 17 Cash, cash equ
Slide 17: Share Repurchase Program
Share Repurchase Program VALUE OF SHARES REPURCHASED TOTAL ADSs (1) OUTSTANDING (2) AND in US$M CASH (3) PER ADS $127.2 million worth of $4.28 $4.24 $20.7 $4.13 $4.15 $4.15 shares repurchased in total $4.08 $4.01 $19.5 $3.96 $4.03 $4.03 $3.94 $3.90 111.4 $18.6 106.7 102.2 $12.3 97.5 $10.8 94.3 93.5
Slide 18: Appendix
Appendix Agora, Inc.
Slide 19: 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. 19
Slide 20: 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. 20
Slide 21: 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 22: 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 23: 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 24: 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” 24
Slide 25: 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/ 25
Slide 26: 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 27: Thank you
Thank you Agora, Inc.