Preliminary Unaudited Financial Information for the Three Months Ended March 31, 2025 (Form 8-K)

Preliminary Unaudited Financial Information for the Three Months Ended March 31, 2025

Veritone, Inc. (the "Company") is providing preliminary, unaudited financial information for the three months ended March 31, 2025.

The preliminary, unaudited financial information for the first quarter of 2025 presented herein is based on management's initial analysis of operations for the quarter ended March 31, 2025, and is subject to further internal review, potential adjustments and review by the Company's external auditors, Grant Thornton LLP. Neither Grant Thornton nor any other independent accountants, have audited, reviewed, compiled, or performed any procedures with respect to the accompanying preliminary financial data.

The preliminary financial information for the three months ended March 31, 2025 presented herein is subject to the completion of the Company's financial closing procedures and is not a comprehensive statement of the Company's financial results for the three months ended March 31, 2025. Actual results for the three months ended March 31, 2025 may differ materially from the preliminary financial information presented herein as a result of the completion of the Company's financial closing procedures, final adjustments and other developments which may arise between now and the time that the Company's financial results for the three months ended March 31, 2205 are finalized.

In October 2024, the Company completed the sale of its wholly owned subsidiary, Veritone One. During the third quarter of 2024, the Company determined that Veritone One met the criteria to be classified as discontinued operations. As a result, the historical financial results of Veritone One are reflected as discontinued operations and have been excluded from continuing operations for all prior periods, including for the three months ended March 31, 2024 presented herein, on a retrospective basis. The financial information for the first quarter of 2024 presented herein represents the Company's financial results from continuing operations, which excludes the historical financial results of Veritone One. Financial information from discontinued operations for the three months ended March 31, 2024 is presented separately below.

About Veritone

Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions. Serving customers in the media, entertainment, public sector and talent acquisition industries, Veritone's software and services empower individuals at the world's largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone's leading enterprise AI platform, aiWARE^™, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere. To learn more, visit Veritone.com.

Statement regarding Non-GAAP Financial Measures

The preliminary financial information for the three months ended March 31, 2025 presented herein includes non-GAAP net (income) loss, non-GAAP net (income) loss from continuing operations and non-GAAP net income (loss) from discontinued operations. Non-GAAP net (income) loss from continuing operations is the Company's net loss, adjusted to exclude net income from discontinued operations, net of income taxes, interest expense, net, benefit from income taxes, depreciation and amortization expense, stock-based compensation expense, changes in fair value of earnout receivable, contingent purchase compensation expense, foreign currency impact and other, acquisition and due diligence costs, and severance and executive transition costs. Non-GAAP net income (loss) from discontinued operations is the Company's net income from discontinued operations adjusted to exclude provision for interest expense, net, depreciation and amortization, and stock-based compensation expense. Non-GAAP net (income) loss is the Company's non-GAAP net (income) loss from continuing operations plus the Company's non-GAAP net income (loss) from discontinued operations. A reconciliation of these non-GAAP measures to their most comparable GAAP measures for the three months ended March 31, 2025 is included herein.

The Company presents non-GAAP net (income) loss, non-GAAP net (income) loss from continuing operations and non-GAAP net income (loss) from discontinued operations because management believes such information to be important supplemental measures of performance that are commonly used by securities analysts, investors and other interested parties in the evaluation of companies in its industry. Management also uses this information internally for forecasting and budgeting. Our non-GAAP net (income) loss, non-GAAP net (income) loss from continuing operations and non-GAAP net income (loss) from discontinued operations provide our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as these measures eliminate the effect of items that are often unrelated to overall operating performance. These non-GAAP financial measures are not

calculated and presented in accordance with GAAP and should not be considered as an alternative to net loss, operating loss or any other financial measures so calculated and presented, nor as an alternative to cash flow from operating activities as a measure of liquidity. Other companies (including the Company's competitors) may define non-GAAP net (income) loss differently. Non-GAAP net (income) loss, non-GAAP net (income) loss from continuing operations and non-GAAP net income (loss) from discontinued operations may not be indicative of the Company's historical operating results or predictive of potential future results. Investors should not consider this supplemental non-GAAP financial information in isolation or as a substitute for analysis of the Company's results as reported in accordance with GAAP.