Veritone beats Q3 revenue analyst expectations, anticipates reaching profitability by late 2026

Veritone

06/11/2025 21:54

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$29.12 mln
$28.63 mln (5 Analysts)
Q3 Adjusted Net Income
Beat
-$5.8 mln
-$6.32 mln (4 Analysts)
Q3 Net Income
-$26.88 mln


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.)