Overview

• Veritone Q3 revenue grows 32% yr/yr, beating analyst expectations

• Adjusted net loss for Q3 beats consensus, reflecting improved operational performance

• Company completed equity transactions totaling over $100 mln to strengthen liquidity

Outlook

• Veritone expects Q4 2025 revenue between $33.4 mln and $39.4 mln

• Veritone projects full-year 2025 revenue between $109 mln and $115 mln

• Company anticipates reaching profitability by late 2026

Result Drivers

• SOFTWARE PRODUCTS & SERVICES GROWTH - Excluding Veritone Hire, Software Products & Services grew over 200% year over year, driven by iDEMS and VDR initiatives

• DATA REFINERY BOOKINGS - Veritone Data Refinery exited the quarter with a qualified bookings and near-term pipeline of over $40.0 million,

• MANAGED SERVICES DECLINE - Managed Services revenue declined 14.1% year over year, primarily due to lower revenue from representation services

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the it services & consulting peer group is "buy"

• Wall Street's median 12-month price target for Veritone Inc is $9.00, about 25.7% above its November 5 closing price of $6.69

Press Release: ID:nBwgS1yVa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)