Veritone Q1 annual recurring revenue up 9%

Veritone

12/05/2026 12:10

Overview

Enterprise AI solutions provider's Q1 revenue fell 10% yr/yr

Annual recurring revenue rose 9% yr/yr, driven by higher consumption-based spending

Company reaffirmed 2026 revenue outlook and announced 30% operating expense reduction initiative

Outlook

Veritone reaffirms 2026 revenue guidance of $130 mln to $145 mln

Company expects 2026 non-GAAP net loss of $13.5 mln to $22.5 mln

Veritone expects operating profitability as early as Q4 2026

Result Drivers

TALENT ACQUISITION WEAKNESS - Software Products & Services revenue declined mainly due to lower revenue from Talent Acquisition solutions

INFLUENCER ADVERTISING AND CONTENT LICENSING - Managed Services revenue fell, led by lower influencer-based advertising and content licensing amid a more challenging macro environment

PUBLIC SECTOR GROWTH - Public sector revenue increased 69% yr/yr, reflecting expanded deployments and new contracts

Company press release: ID:nBwdK9Xca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$20.26 mln
$25.54 mln (2 Analysts)
Q1 Net Income
-$19.51 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"

Wall Street's median 12-month price target for Veritone Inc is $9.00, about 303.6% above its May 11 closing price of $2.23

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)