Brief: Veritone Q2 Revenue USD 24.013 Million Vs. IBES Estimate USD 23.6 Million

Veritone

07/08/2025 21:26

Overview

Veritone Q2 revenue of $24 mln beats analyst expectations, per LSEG data

Software Products & Services revenue grew 12% yr/yr

Outlook

Veritone expects Q3 2025 revenue between $28 mln and $30 mln

Company anticipates Q3 non-GAAP net loss of $6.5 mln to $6 mln

Veritone forecasts 2025 revenue between $108 mln and $115 mln

Company expects 2025 non-GAAP net loss of $30 mln to $25 mln

Result Drivers

US AIR FORCE CONTRACT - Sole source contract with the U.S. Air Force boosted demand for Veritone's AI solutions

DATA REFINERY PIPELINE - Veritone Data Refinery pipeline increased by 33% from June estimates, doubling from Q1 2025

COST REDUCTION - Initiatives led to $8 mln in savings, with up to $10 mln expected annually

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$24.01 mln
$23.60 mln (4 Analysts)
Q2 Adjusted Net Income
Beat
-$8.71 mln
-$9.01 mln (4 Analysts)
Q2 Net Income
-$26.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $5.00, about 54% above its August 6 closing price of $2.30

Press Release: ID:nBw47gN1ta

(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.)