SANTA CLARA, Calif., May 22, 2024 Agora, Inc. , a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the first quarter ended March 31,.
First quarter total revenue of $47.2 million, up 19.2% year over year
GAAP gross margin of 69.9%, up 280 basis points year over year
Non GAAP gross margin of 70.4%, up 280 basis points year.
Fourth quarter revenue grew 33% year-over-year to $131.0 million
Achieved dollar-based net retention of 117% for the trailing 12 months
Introduced first quarter and full year fiscal 2025.