Veritone FY2024 revenue $92.6M (-7% YoY); ARR down 27% to $58.8M

Veritone, Inc.

FY2024 revenue $92.6M (-7% YoY); net loss $37.4M improved from $58.6M loss in FY2023.
Q4 revenue $22.4M (-17% YoY); software products & services revenue $15.5M (-22%).
ARR $58.8M at Q4 2024, down from $80.1M at Q4 2023 (-27%), driven by consumption decline including Amazon.
Completed divestiture of Veritone One media agency for up to $104M, with $59.1M cash at close in Oct 2024.
Completed $20.3M registered direct offering in Jan 2025; raised $4.7M from $35M ATM facility in 2024.

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