Agora, Inc. reported total revenues of $34.3 million for the second quarter of 2025, a 0.1% increase year-over-year. The company achieved its third consecutive quarter of GAAP profitability, with a net income of $1.5 million, a substantial improvement from a net loss of $9.2 million in Q2 2024. The Agora segment's revenues grew by 16.7% to $18.2 million, driven by business expansion in live shopping, while the Shengwang segment's revenues decreased by 12.4% to RMB115.5 million ($16.1 million).
Gross margin for the quarter was 66.8%, an increase of 4.8% year-over-year, primarily due to the discontinuation of low-margin products. Operating expenses decreased by 18.7% year-over-year to $26.5 million, contributing to the expanding margins. The company repurchased approximately $10.9 million worth of shares in Q2 2025, bringing the total repurchases under its program to $127.2 million as of June 30, 2025, with the program extended through February 2026.
In executive leadership changes, Mr. Sheng (Shawn) Zhong resigned from his roles as Director, Chief Technology Officer, and Chief Scientist for personal reasons, with CEO Tony Zhao assuming his operational responsibilities. Mr. Tony Wang, Chief Revenue Officer of the Agora division, and Mr. Jingbo Wang, Chief Financial Officer, were appointed as directors. Additionally, the company adopted an Amended and Restated Global Equity Incentive Plan, increasing the number of Class A ordinary shares available for awards to 50,000,000. For the third quarter of 2025, Agora expects total revenues to be between $34 million and $36 million, representing year-over-year growth of 7.6% to 13.9%.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.