Veritone Q3 revenue down 21% to $22M; divests media agency for up to $104M; guides FY2025 growth up to 30%

Veritone, Inc.

2024-Q3 EPS reported -$1.83 revenue$70,204,000

Q3 total revenue $22.0M (-21% YoY); Software & Services $14.7M (-28%), Managed Services $7.3M.
Net loss from continuing ops $22.5M vs $26.7M YoY; Non-GAAP net loss $7.1M flat.
Divested Veritone One on Oct 17 for up to $104M ($59.1M cash at close); proceeds paid down $30.5M term debt.
ARR $63.3M down 29% YoY due to Amazon consumption decline; new bookings $16.5M up 17% sequentially.
FY2025 outlook: up to 30% revenue growth, >45% improvement in Non-GAAP Net Loss vs FY2024 guidance.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.