What happened Shares of Agora (NASDAQ: API) have plunged today, down by 14% as of 12:05 p.m. EST, after the company reported third-quarter earnings. The results were mixed compared with analyst expectations. This was Agora's second earnings release as a public company after following its IPO over the summer. So what Revenue in the third quarter increased 81% to $30.8 million, which topped the consensus estimate of $27.4 million in sales. That resulted in a net loss of approximately $2.9 million, or $0.03 per American depository share (ADS). The China-based technology company, which operates a real-time engagement platform, saw active customers nearly double to 1,815 during the quarter. Agora reported a dollar-based net expansion rate of 188% on a constant currency basis. Image source: Getty Images. "Agora is empowering software developers around the world to bring contextual video engagement to more and more online activities, such as taking a class or exam, attending a virtual event, meeting new friends and competing in a game," CEO Tony Zhao said in a statement. "Such innovations are far beyond traditional video conferencing and still have a long way to go." Now what In terms of guidance, Agora expects full-year revenue to be in the range of $125 million to $130 million, unchanged from the last earnings report in August. That forecast is mostly in line with the $127.4 million in revenue that Wall Street is looking for in 2020. Agora warned that it continues to face macroeconomic uncertainties related to the COVID-19 pandemic. 10 stocks we like better than Agora, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Agora, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool owns shares of Agora, Inc. The Motley Fool has a disclosure policy.Source