A：The net profit of $1.1 million represents a more than double increase compared to the level of Q1 last year.

A：According to Garner, the market opportunity for conversational agents is significant, with a projection that they will automate 70% of customer interactions by 2027 and by 2028, the number of conversational agents is expected to outnumber human sellers by 10 to 1.

A：Enterprises face challenges such as complexity in integrating multiple technology layers while maintaining low latency, reliability, and a natural conversational experience at scale. Successful deployment also requires domain-specific expertise.

A：Agora's solution simplifies the complexity of deploying voice AI agents through a fully integrated stack that combines core components, allowing enterprises to design, test, and deploy agents in minutes rather than weeks or months. The solution also supports large language model and TPS capabilities, intelligent interruption handling, noise suppression, multilingual support, and domain-aware conversation design for more natural interactions.

A：The intelligent meeting engine product offers end-to-end encryption, flexible deployment options including on-premises and private cloud, full data isolation, and AI power capabilities such as real-time transcription, translation, intelligent meeting summaries, and automated follow-up workflows that integrate with customers' existing business systems.

A：The percentage change in the first quarter's EPA year compared to the first quarter of 2025 was 99%, which is an increase from the 95% reported in the first quarter of 2025.

A：The decrease in marketing expenses was primarily due to planned expense management, including lower personnel and promotion expenses.

A：In the first quarter, the company repurchased approximately 12.5 million A shares, representing about 3.6% of the total outstanding shares, for approximately $13.1 million. As of March 30, 2020, the company has spent $156.2 million under its share repurchase program, purchasing 43.7 million shares, which is 78.1% of a $200 million share repurchase program. The current program will expire at the end of February 2027.

A：The company expects total revenues for the second quarter of 2026 to be between $39 and $40 million, representing year-over-year growth of 13.7% to 16.6%. This is faster revenue growth than in the first quarter and includes the expected contribution from standard teams.

A：The primary application scenarios for the conversational AI include the call center and IoT sectors, with the former experiencing large demand as the voice agent technology improves and the latter seeing growth with the launch of a companioning toy and expansion into similar demand areas. The company expects significant revenue contributions from these sectors, with call centers and IoT being the biggest contributors. The exact projected revenue scale by the end of the year was not clearly specified in the transcript.

A：The operating profit target for 2026 was not explicitly stated in the transcript. However, the company expects to achieve a GAAP operating profit in the second half of the year. The timeline for an operating level break-even was also not clearly specified.

A：In the US market and other developed markets, video-based live shopping is still a new concept. The Super Bowl live shopping event highlighted by the company was very successful, leading to new user acquisition and customer growth. The company has added another Franco-based e-commerce customer in the US market from a competitor and is seeing growing demand from industry players, including discussions with several entities about hosting similar events. It is expected that the vertical will continue to develop positively, contributing to potential revenue for the rest of 2022.

A：In the Chinese market, internet-based use cases such as social entertainment, education, and digital transformation with AI features are seeing demand recovery at a moderate rate. Growth in digital transformation for enterprise customers is also observed, which reflects further consolidation in the market. A competitor has repurchased all of its venture capital investment and shifted focus towards profitability rather than scale, and another competitor has reduced staff. This trend of consolidation is expected to gradually help revenue growth.

A：The competitive landscape in China is moving towards further consolidation, which is anticipated to result in improved revenue growth and margin improvement in the coming quarters. The overall cost margin for the company this quarter was down due to initial cross-margin business expansion, but as the market continues to consolidate, the company expects these factors to positively impact future revenue and margins.

A：The company is experiencing unique economic conditions and faces competition in conversational AI, which is still in an early stage with diverse approaches from various players. The company's focus is on fundamental technology to enable promising use cases through high-quality conversation. While the China market presents challenges, similar demand for conversational AI exists, and the technology and product progress are comparable to the US market. Despite lower than expected progress, the company has considered necessary investments, which are expected to be offset by scaling POC deployments and increasing revenue contribution, leading to positive gross margins and healthy levels by the end of the year. The company expects meaningful revenue generation from the current investment in the future, which is anticipated to generate higher costs due to higher pricing and technical differentiation for customers.