04:52 AM EDT, 10/15/2025 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Veritone ( VERI ) shares were up 43% premarket Wednesday after the company reported overnight the receipt of several contracts for the deployment of Veritone Data Refinery, or VDR, from hyperscalers.

The contracts expand Veritone's ( VERI ) near-time VDR pipeline and recent bookings to about $40 million, a 100% jump from August, and include both public and commercial sector customers, the company said late Tuesday.

For fiscal Q3, the company expects revenue of between $28.5 million and $28.7 million, up by an estimated 30.5% at the midpoint from a year ago. The adjusted net loss is expected to widen by about 48.2% to between $5.5 million and $6 million.

Analysts polled by FactSet forecast Q3 revenue of $26.6 million.