Agora, Inc. Reports Fourth Quarter and Fiscal Year 2022 Financial Results

Agora, Inc. (NASDAQ: API) (“Agora”), a pioneer and leading platform for real-time engagement APIs, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2022.

“We made significant adjustments to our organization and strategy to overcome the many challenges in 2022, including regulatory changes in certain market and a turbulent macroeconomic environment,” said Tony Zhao, founder, chairman and CEO of Agora. “In recent months, we further streamlined our operations and simplified our organizational structure to help our teams become more customer-centric and more focused on local market dynamics. Looking ahead, I remain cautious about the macroeconomic environment but optimistic about the market for real-time engagement technology. In 2023, we will be laser-focused on creating customer value, enhancing the competitiveness of our core products, and expanding our market share globally.”