AI company Veritone (Nasdaq: VERI) said the third-quarter net loss widened to $26.9 million from a $21.7 million net loss in the same period a year earlier. The company’s shares dropped in after-hours trading.
Irvine-based Veritone said the increased net loss was principally driven by an $8 million non-cash change in the estimated fair value of earnout from the divestiture of its Veritone One unit that was recorded in Q3 2025.
Third-quarter revenue of $29.1 million was up 32% from 2024.
The company said fourth-quarter revenue is expected to be in the range of $33.4 million to $39.4 million, as compared to $22.4 million for the fourth quarter of 2024.
Veritone’s shares were down 7.5% at $5.91 apiece in after-hours trading following a 4.5% drop at the close. The intraday market cap was $448 million.
