CAPE CANAVERAL, Fla. — NASA unveiled close-up pictures on Wednesday of the interstellar comet that’s making a quick one-and-done tour of the solar system.
KARACHI: A recent report by the 'Association of Chartered Certified Accountants' (ACCA) titled: “Combatting fraud in a perfect storm”, reveals that Asia-Pacific organisations are confronting an increasingly complex fraud landscape, with procurement fraud (34pc) and bribery and corruption (20pc) emerging as the region’s top risks. Rapid expansion of digital payments, super-app ecosystems and AI-enabled deception is widening exposure, while crypto-related fraud and ESG misrepresentation are becoming significant blind spots in fast-digitising markets.Cultural dynamics continue to shape fraud risk across Asia-Pacific. In many markets, discussing fraud is seen as disloyalty, and hierarchical structures deter whistle blowing. Junior staff remain the most reluctant to report wrongdoing, with survey responses showing an average reporting ease score of 3.82/5. The report stresses that independence of investigators, clear anti-retaliation protections and culturally attuned reporting frameworks are essential to overcome these barriers.Based on insights from over 2,000 professionals and 31 global roundtables, the study—launched during “International Fraud Awareness Week”—argues that traditional controls alone cannot keep pace with accelerating technological change. It calls for behavioural risk assessments and governance models that reflect local cultural and organisational realities.Developed in partnership with ACFE, IIA, CISI, ISC2, Airmic and ACi, the report introduces a new Prevalence vs Materiality matrix to help organisations prioritise resources before fraud causes material damage. Companion guidance, including calls-to-action and a thematic typology, highlights what works, what doesn’t, and how behavioural insights can move fraud prevention from “compliance theatre” to effective, operational practice.ACCA leaders emphasise that modern fraud prevention in Asia-Pacific requires culturally grounded solutions, proactive detection, leadership-led accountability and cross-functional collaboration. Strengthening trust, transparency and integrity across digital and supply-chain ecosystems is critical to keeping pace with evolving threats and enabling safe, confident reporting within organisations.Copyright Business Recorder, 2025
ISLAMABAD: Federal Minister for IT and Telecommunication Shaza Fatima Khawaja and Asian Development Bank (ADB) President Masato Kanda on Wednesday held a high-level meeting in Bishkek, agreeing to advance joint investments in national digital infrastructure, regional connectivity, and next-generation technology initiatives.During the meeting, the Minister outlined Pakistan’s Digital Nation Vision and proposed collaborative models for investment in data centres, backbone networks, and national fiberization. She emphasized Pakistan’s readiness to become a regional digital gateway through the CAREC Digital Corridor, urging stronger regional cooperation to enhance digital trade and cross-border connectivity.The Minister also discussed adopting a Results-Based Financing model with ADB to accelerate digital reforms and public-sector transformation. Pakistan proposed a joint funding mechanism for high-impact AI and digital innovation use cases, alongside technical assistance for pilot projects in fintech, agritech, healthtech, and artificial intelligence.Shaza Fatima Khawaja is currently on a two-day official visit to Kyrgyzstan, following engagements in Azerbaijan. She will also participate in the B2B MoU signing ceremony between Pakistani companies and CAREC member states, attend the opening session of the CAREC Ministerial Conference, and present Pakistan’s position in a key session on soft infrastructure and digital connectivity.Her engagements aim to strengthen regional cooperation, expand investment opportunities, and position Pakistan as a central digital hub within the CAREC region.Copyright Business Recorder, 2025
Nvidia’s sales surged beyond the lofty bar set by stock market analysts, which may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company.
SANTA CLARA, Calif., Nov. 19, 2025 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (the "Company”), a pioneer and leader in conversational AI and real-time engagement technology, today announced its unaudited financial results for the third quarter ended September 30, 2025."We’re pleased to report our fourth consecutive quarter of GAAP profitability in Q3, supported by double-digit revenue growth and expanding margins,” said Tony Zhao, Founder, Chairman, and CEO of Agora, Inc. "Our core real-time engagement platform-as-a-service business is rebounding strongly and is on track to deliver its first full-year revenue growth since the pandemic-providing a stable, profitable foundation for the company. At the same time, we’re significantly increasing our investment in conversational AI. Recent product launches-including Conversational AI Engine 2.0 and Conversational AI Studio-are designed to help developers build more natural, human-like voice agents with greater ease. Early adoption from customers worldwide is encouraging, and our pipeline of use cases and prospects continues to grow heading into next year.”Third Quarter 2025 HighlightsTotal revenues for the quarter were $35.4 million, an increase of 12.0% from $31.6 million in the third quarter of 2024. Agora: $18.2 million for the quarter, an increase of 15.9% from $15.7 million in the third quarter of 2024.Shengwang: RMB122.4 million ($17.2 million) for the quarter, an increase of 8.4% from RMB112.9 million ($15.9 million) in the third quarter of 2024.Active CustomersAgora: 1,968 as of September 30, 2025, an increase of 11.7% from 1,762 as of September 30, 2024.Shengwang: 1,976 as of September 30, 2025, an increase of 0.4% from 1,969 as of September 30, 2024.Dollar-Based Net Retention RateAgora: 108% for the trailing 12-month period ended September 30, 2025.Shengwang: 90% for the trailing 12-month period ended September 30, 2025.Net income for the quarter was $2.7 million, compared to net loss of $24.2 million in the third quarter of 2024.Total cash, cash equivalents, bank deposits and financial products issued by banks as of September 30, 2025 was $374.3 million.Net cash provided by operating activities for the quarter was $0.7 million, compared to net cash used in operating activities of $4.6 million in the third quarter of 2024.Third Quarter 2025 Financial ResultsRevenuesTotal revenues were $35.4 million in the third quarter of 2025, an increase of 12.0% from $31.6 million in the same period last year. Revenues of Agora were $18.2 million in the third quarter of 2025, an increase of 15.9% from $15.7 million in the same period last year, primarily due to our business expansion and usage growth in sectors such as live shopping. Revenues of Shengwang were RMB122.4 million ($17.2 million) in the third quarter of 2025, an increase of 8.4% from RMB112.9 million ($15.9 million) in the same period last year, primarily due to increase in revenues from certain sectors such as social and entertainment and Internet of Things.Cost of RevenuesCost of revenues was $12.0 million in the third quarter of 2025, an increase of 14.4% from $10.5 million in the same period last year, primarily due to the increase in bandwidth usage and co-location costs.Gross Profit and Gross MarginGross profit was $23.3 million in the third quarter of 2025, an increase of 10.8% from $21.0 million in the same period last year. Gross margin was 66.0% in the third quarter of 2025, a decrease of 0.7% from 66.7% in the same period last year, mainly due to product mix change.Operating ExpensesOperating expenses were $25.3 million in the third quarter of 2025, a decrease of 44.8% from $45.9 million in the same period last year.Research and development expenses were $13.8 million in the third quarter of 2025, a decrease of 52.8% from $29.3 million in the same period last year, primarily due to a decrease in personnel costs as the Company optimized its global workforce, including a decrease in share-based compensation from $10.8 million in the third quarter of 2024 to $0.7 million in the third quarter of 2025.Sales and marketing expenses were $6.5 million in the third quarter of 2025, a decrease of 5.6% from $6.9 million in the same period last year, primarily due to a decrease in personnel costs as the Company optimized its global workforce.General and administrative expenses were $5.0 million in the third quarter of 2025, a decrease of 48.4% from $9.7 million in the same period last year, primarily due to a decrease in personnel costs as the Company optimized its global workforce, including a decrease in share-based compensation from $2.6 million in the third quarter of 2024 to $0.3 million in the third quarter of 2025.Loss from OperationsLoss from operations was $1.6 million in the third quarter of 2025, compared to $24.7 million in the same period last year.Interest IncomeInterest income was $3.9 million in the third quarter of 2025, flat compared to the same period last year.Investment (Loss) IncomeInvestment loss was $0.3 million in the third quarter of 2025, compared to investment income of $0.8 million in the same period last year, primarily due to the impairment losses of $2.5 million on an investment in certain private company, which was offset partially by the increase in fair value of an equity investment of $1.9 million in the third quarter of 2025, whereas there were no material transactions in the same period last year.Net Income (Loss)Net income was $2.7 million in the third quarter of 2025, compared to net loss of $24.2 million in the same period last year.Net Income (Loss) per American Depositary Share attributable to Ordinary ShareholdersBasic and diluted net income per American Depositary Share ("ADS”)1 attributable to ordinary shareholders was $0.03 in the third quarter of 2025, compared to basic and diluted net loss per ADS of $0.26 in the same period last year.Share Repurchase ProgramDuring the three months ended September 30, 2025, the Company repurchased approximately 5.2 million of its Class A ordinary shares (equivalent to approximately 1.3 million ADSs) for approximately US$4.8 million under its share repurchase program, representing 2.4% of its US$200 million share repurchase program.As of September 30, 2025, the Company had repurchased approximately 150.1 million of its Class A ordinary shares (equivalent to approximately 37.5 million ADSs) for approximately US$132.1 million under its share repurchase program, representing 66.0% of its US$200 million share repurchase program.As of September 30, 2025, the Company had 359.3 million ordinary shares (equivalent to approximately 89.8 million ADSs) outstanding, compared to 449.8 million ordinary shares (equivalent to approximately 112.5 million ADSs) outstanding as of January 31, 2022 before the share repurchase program commenced.The current share repurchase program will expire at the end of February 2026.Financial OutlookBased on currently available information, the Company expects total revenues for the fourth quarter of 2025 to be between $37 million and $38 million, representing year-over-year growth of 7.2% to 10.1%. This outlook reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.Earnings CallThe Company will host a conference call to discuss the financial results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on November 19, 2025. Details for the conference call are as follows:Event title: Agora, Inc. 3Q 2025 Financial ResultsThe call will be available at https://edge.media-server.com/mmc/p/md2g2hphInvestors who want to hear the call should log on at least 15 minutes prior to the broadcast. Participants may register for the call with the link below.https://register-conf.media-server.com/register/BI18c8512affb74b59844ce871bc87eddePlease visit the Company’s investor relations website at https://investor.agora.io on November 19, 2025 to view the earnings release and accompanying slides prior to the conference call.Operating MetricsThe Company also uses other operating metrics included in this press release and defined below to assess the performance of its business.Active CustomersAn active customer at the end of any period is defined as an organization or individual developer from which the Company generated more than $100 of revenue during the preceding 12 months, excluding customers from Easemob. Customers are counted based on unique customer account identifiers. Generally, one software application uses the same customer account identifier throughout its life cycle while one account may be used for multiple applications.Dollar-Based Net Retention Rate Dollar-Based Net Retention Rate is calculated for a trailing 12-month period by first identifying all customers in the prior 12-month period, and then calculating the quotient from dividing the revenue generated from such customers in the trailing 12-month period by the revenue generated from the same group of customers in the prior 12-month period. As the vast majority of revenue generated from Agora’s customers is denominated in U.S. dollars, while the vast majority of revenue generated from Shengwang’s customers is denominated in Renminbi, Dollar-Based Net Retention Rate is calculated in U.S. dollars for Agora and in Renminbi for Shengwang, which has substantially removed the impact of foreign currency translations. Shengwang excluded the revenues from certain end-of-sale products. The Company believes Dollar-Based Net Retention Rate facilitates operating performance comparisons on a period-to-period basis.Safe Harbor StatementsThis press release contains "forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding the Company’s financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as "expect,” "anticipate,” "believe,” "project,” "will” and similar expressions intended to identify forward-looking statements. Among other things, the Financial Outlook in this announcement contain forward-looking statements. These forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties. The Company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the growth of the RTE-PaaS market; the Company’s ability to manage its growth and expand its operations; the Company’s ability to attract new developers and convert them into customers; the Company’s ability to retain existing customers and expand their usage of its platform and products; the Company’s ability to drive popularity of existing use cases and enable new use cases, including through quality enhancements and introduction of new products, features and functionalities; the Company’s fluctuating operating results; competition; the effect of broader technological and market trends on the Company’s business and prospects; general economic conditions and their impact on customer and end-user demand; and other risks and uncertainties included elsewhere in the Company’s filings with the Securities and Exchange Commission ("SEC”), including, without limitation, the final prospectus related to the IPO filed with the SEC on June 26, 2020. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.About Agora, Inc.Agora, Inc. is the holding company of two independent businesses, Agora and Shengwang.Headquartered in Santa Clara, California, Agora is a pioneer and global leader in conversational AI and Real-Time Engagement Platform-as-a-Service (PaaS), providing developers with simple, flexible, and powerful application programming interfaces, or APIs, to embed real-time conversational AI, video, voice, chat and interactive streaming into their applications.Headquartered in Shanghai, China, Shengwang is a pioneer and leading conversational AI and Real-Time Engagement PaaS provider in the China market.For more information on Agora, please visit: www.agora.ioFor more information on Shengwang, please visit: www.shengwang.cn Agora, Inc.Condensed Consolidated Balance Sheets(Unaudited, in US$ thousands) As of As of September 30, December 31, 2025 2024Assets Current assets: Cash and cash equivalents79,781 27,083 Short-term bank deposits40,500 168,327 Short-term financial products issued by banks45,000 71,464 Short-term investments4,632 2,787 Restricted cash200 3,745 Accounts receivable, net24,857 30,952 Prepayments and other current assets14,803 22,593 Contract assets122 1,099 Held-for-sale assets831 - Total current assets210,726 328,050 Property and equipment, net3,921 4,680 Construction in progress in relation to the headquarters project72,745 44,486 Operating lease right-of-use assets2,574 3,866 Intangible assets222 611 Long-term bank deposits189,001 35,500 Long-term financial products issued by banks20,000 61,400 Long-term investments29,405 40,710 Land use right, net160,704 161,395 Other non-current assets20,806 18,956 Total assets710,104 699,654 Liabilities and shareholders’ equity Current liabilities: Accounts payable10,611 12,965 Advances from customers7,695 8,738 Taxes payable1,182 2,210 Current operating lease liabilities1,836 1,749 Payables for construction costs13,283 12,834 Accrued expenses and other current liabilities13,978 19,839 Total current liabilities48,585 58,335 Long-term payable5 1 Long-term operating lease liabilities723 1,922 Deferred tax liabilities31 92 Long-term borrowings in relation to the headquarters project73,703 46,469 Advance in relation to the headquarters project20,409 20,174 Total liabilities143,456 126,993 Shareholders’ equity: Class A ordinary shares39 39 Class B ordinary shares8 8 Additional paid-in-capital1,145,259 1,144,238 Treasury shares, at cost(85,673) (72,739) Accumulated other comprehensive loss(10,967) (12,257) Accumulated deficit(482,018) (486,628) Total shareholders’ equity566,648 572,661 Total liabilities and shareholders’ equity710,104 699,654 Agora, Inc.Condensed Consolidated Statements of Comprehensive Income(Unaudited, in US$ thousands, except share and per ADS amounts) Three Month Ended Nine Month Ended September 30, September 30, 2025 2024 2025 2024 Real-time engagement service revenues34,783 30,356 101,172 95,716 Real-time engagement on-premise solution and other revenues591 1,217 1,730 3,087 Total revenues35,374 31,573 102,902 98,803 Cost of revenues12,042 10,524 34,066 36,304 Gross profit23,332 21,049 68,836 62,499 Operating expenses: Research and development13,817
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MEMPHIS, Tenn., Nov. 19, 2025 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), the leading retailer and distributor of automotive replacement parts and accessories in the Americas, will release results for its first quarter ended Saturday, November 22, 2025, before market open on Tuesday, December 9, 2025. Additionally, the Company will host a one-hour conference call on Tuesday, December 9, 2025, beginning at 10:00 a.m. (ET), to discuss the results of the quarter. This call is being webcast and can be accessed, along with supporting slides, at AutoZone’s website at www.autozone.com and by clicking on Investor Relations. Investors may also listen to the call by dialing (888) 506-0062, passcode AUTOZONE. In addition, a telephone replay will be available by dialing (877) 481-4010, replay passcode 52975 through Tuesday, December 23, 2025.About AutoZone:As of August 30, 2025, the Company had 6,627 stores in the U.S., 883 in Mexico and 147 in Brazil for a total store count of 7,657.AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The majority of stores have a commercial sales program that provides prompt delivery of parts and other products and commercial credit to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts. AutoZone also sells automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone.com, and our commercial customers can make purchases through www.autozonepro.com. Additionally, we sell the ALLDATA brand of automotive diagnostic, repair, collision and shop management software through www.alldata.com. We also provide product information on our Duralast branded products through www.duralastparts.com. AutoZone does not derive revenue from automotive repair or installation services.Contact Information:Financial: Brian Campbell, 901-495-7005, brian.campbell@autozone.comMedia: Jennifer Hughes, 901-495-6022, jennifer.hughes@autozone.com
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