Overview

* Veritone ( VERI ) 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 ( VERI ) 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 ( VERI ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $24.01 $23.60

Revenue mln mln (4

Analysts

)

Q2 Beat -$8.71 -$9.01

Adjusted mln mln (4

Net Analysts

Income )

Q2 Net -$26.80

Income 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 ( VERI ) is $5.00, about 54% above its August 6 closing price of $2.30

Press Release:

(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.)