EXHIBIT 99.1

Veritone Reports Financial Results for the Third Quarter of 2018

COSTA MESA, CA – November 12, 2018 – Veritone, Inc. (NASDAQ: VERI), a leading provider of artificial intelligence (AI) technology and solutions, today reported results for the third quarter ended September 30, 2018.

Chad Steelberg, CEO and Chairman of Veritone, commented, “We are very pleased with our strong financial and operational performance in the third quarter - our revenue was a record $7.5 million due to the contributions from our recent acquisitions and organic sales growth in each of our vertical markets; we announced three exciting new applications for law enforcement and media customers; and, we closed three strategic acquisitions that strengthen and extend the capabilities of our businesses.  These acquisitions mark an inflection point in our business, as they enhance and expand our AI and Media technology offerings and solidify our position as a leading AI solutions provider.”

Third Quarter 2018 Financial Highlights:

Third Quarter 2018 Key Performance Indicators (KPIs)

Veritone aiWARE^TM Artificial Intelligence Operating System, Year-over-Year Results

Veritone One^TM Media Agency, Year-over-Year Results

Third Quarter 2018 Financial Results

Net revenues increased 103% to $7.5 million from $3.8 million in the same period in 2017.  The acquisitions that were completed in August of 2018 contributed $2.2 million in the third quarter of 2018.  The revenues of Performance Bridge Media have been added to the Company’s Media Agency net revenues, the Company’s AI solutions revenue and Wazee Digital’s digital asset management solutions revenue have been combined in AI and Digital Content Solutions net revenues, and Wazee Digital’s Digital Media Services are tracked as a new revenue category by the Company. Excluding the impact of the recent acquisitions, Media Agency net revenues in the quarter totaled $4.3

million, an increase of 31% compared with the prior year period, and AI and Digital Content Solutions net revenues totaled $1.1 million, an increase of 150% compared with the prior year period. These revenue gains resulted from the increased number of Active Clients, Customers and Accounts.

Gross profit increased 74% to $6.0 million (79% of net revenues) from $3.4 million (92% of net revenues) in the same period in 2017. The increase in gross profit in the third quarter of 2018 compared with the prior year period was due primarily to the operating leverage provided by the increase in net revenues from the Company’s aiWARE operating system and the recent acquisitions. The decrease in gross margin compared with the prior year period was due primarily to a higher proportion of net revenues from the Company’s AI and Digital Content Solutions and Digital Media Services, which generally carry lower gross margins than the Media Agency business.

Total operating expenses decreased 3% to $22.2 million from $22.9 million in the same period in 2017. The decrease in operating expenses was due primarily to lower stock-based compensation expense, which was higher in the 2017 period due to the accelerated vesting of certain performance-based stock options. This decrease was substantially offset by higher compensation and benefits costs resulting from headcount additions, transaction costs related to the Company’s recent acquisitions, and the addition of the operating expenses of the acquired businesses.

Loss from operations was $16.3 million, a decrease of $3.2 million compared with a loss from operations of $19.5 million in the third quarter of 2017.

Net loss attributable to common stockholders totaled $15.9 million, or $(0.86) per share, based on 18.6 million weighted average shares outstanding. The Company’s net loss attributable to common stockholders in the third quarter of 2017 was $19.4 million, or $(1.31) per share, based on 14.8 million weighted average shares outstanding.  

Earnings before interest, depreciation, amortization and stock-based compensation expenses, adjusted to exclude certain acquisition, integration and financing-related costs (Adjusted EBITDAS), a non-GAAP financial measure, totaled a loss of $8.6 million, compared with a loss of $7.6 million in the third quarter of 2017. See “About the Presentation of Adjusted EBITDAS” below for an explanation of the items excluded from the calculation of Adjusted EBITDAS and a reconciliation of net loss to Adjusted EBITDAS following the financial statements at the end of this news release. The higher Adjusted EBITDAS loss was due primarily to the addition of software development, data science, product management, and sales and marketing resources, which management expects will lead to enhancements in the Company’s aiWARE operating system and increased net revenues in the future.  

Cash: As of September 30, 2018, the Company had cash and cash equivalents and marketable securities of $64.7 million and no long-term debt.

Nine Months 2018 Financial Results

Net revenues increased 48% to $16.1 million from $10.9 million in the same period in 2017. The acquisitions that were completed in August of 2018 contributed $2.2 million in the current year period.  Excluding the impact of the recent acquisitions, Media Agency revenues for the first nine months of 2018 totaled $10.7 million, an increase of 8% compared with the prior year period, and AI and Digital Content Solutions revenues totaled $3.2 million, an increase of 224% compared with the prior year period.

Gross profit increased 30% to $13.1 million (82% of net revenues) from $10.1 million (92% of net revenues) in the same period in 2017. The increase in gross profit during the first nine months of 2018 compared with the prior year period was due primarily to the operating leverage provided by the increase in net revenues from the Company’s aiWARE operating system and the recent acquisitions. The decrease in gross margin compared with the prior year period was due primarily to the higher proportion of net revenues from the Company’s AI and Digital Content Solutions and Digital Media Services, which generally carry lower gross margins than the Media Agency business.

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Total operating expenses increased 30% to $57.1 million from $44.0 million in the same period in 2017. The increase in operating expenses was due primarily to higher compensation and benefits costs resulting from a 45% increase in average month-end headcount, transaction expenses related to the Company’s recent acquisitions, and corporate development costs, offset in part by lower stock-based compensation expense.

Loss from operations was $43.9 million, an increase of $10.0 million compared with a loss from operations of $33.9 million in the same period in 2017.

Net loss attributable to common stockholders totaled $43.3 million, or $(2.55) per share, based on 17.0 million weighted average shares outstanding. The Company’s net loss attributable to common stockholders in the same period of 2017 was $51.3 million, or $(5.94) per share, based on 8.6 million weighted average shares outstanding.  

Adjusted EBITDAS, a non-GAAP financial measure, totaled a loss of $29.8 million, compared with a loss of $20.0 million in the first nine months of 2017. See “About the Presentation of Adjusted EBITDAS” below for an explanation of the items excluded from the calculation of Adjusted EBITDAS and a reconciliation of net loss to Adjusted EBITDAS following the financial statements at the end of this news release. The higher Adjusted EBITDAS loss was due primarily to the addition of software development, data science, product management, and sales and marketing resources, which management expects will lead to enhancements in the Company’s aiWARE operating system and increased net revenues in the future.  

Fourth Quarter 2018 Revenue Outlook:

For the fourth quarter ending December 31, 2018, the Company expects its total net revenues to be in the range of $9.3 million to $9.7 million.

Fourth Quarter 2018 Key Performance Indicators (KPIs) Outlook

For the fourth quarter ending December 31, 2018, the Company expects to achieve the following KPIs for its aiWARE

operating system:

Conference Call

Veritone will hold a conference call today, November 12, 2018, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss these results and provide an update on business conditions. Veritone management will host the presentation, followed by a question and answer session. The call will be open to all interested parties through a live audio web broadcast via the Internet at investors.veritone.com. The call will also be available by dialing 866-393-8573 within the U.S. and Canada or 409-350-3155 from abroad.    

Please call the conference telephone number 5-10 minutes prior to the start time and reference the conference ID 9338288. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact the Liolios Group at 949-574-3860.

The webcast will be archived on the Veritone investor relations website and a telephonic playback of the conference call will also be available by dialing the following numbers:

Toll-free replay number: 855-859-2056

International replay number: 404-537-3406

Replay ID: 9338288

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About Veritone

Veritone has created the world’s first operating system for artificial intelligence. Veritone’s aiWARE operating system leverages the power of cognitive computing to transform and analyze audio, video and other data sources in an automated manner to generate actionable insights. aiWARE provides customers with ease, speed and accuracy at low cost. Veritone has been among the first to be recognized by AWS for Machine Learning Expertise, and has been recognized by Oracle for Excellence in Application Development. To learn more, visit Veritone.com and interact with us on Twitter and LinkedIn.

About the Presentation of Adjusted EBITDAS

Adjusted EBITDAS is not a financial measure calculated and presented in accordance with U.S. generally accepted accounting principles (GAAP) and should not be considered as an alternative to net income (loss), operating income (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. The items excluded from Adjusted EBITDAS are detailed in the reconciliation attached to this news release. Other companies (including the Company’s competitors) may define Adjusted EBITDAS differently. The Company presents Adjusted EBITDAS because management believes it to be an important supplemental measure of performance that is 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. This non-GAAP measure may not be indicative of the historical operating results of Veritone or predictive of potential future results. Investors should not consider Adjusted EBITDAS in isolation or as a substitute for analysis of the Company’s results as reported in accordance with GAAP.

Safe Harbor Statement

This news release contains forward-looking statements, including without limitation statements regarding the Company’s expectations regarding the impact of the Company’s recent acquisitions on its business offerings and position, the Company’s expectation that its addition of software development, data science, product management and sales and marketing resources will lead to enhancements to the Company’s aiWARE operating system and increased net revenues in the future, the Company’s expected total net revenues in the fourth quarter of 2018, the expected numbers of customers, accounts and active third-party cognitive engines on the Company’s aiWARE operating system as of the end of the fourth quarter of 2018, and the total hours of video and audio files expected to be ingested and processed in the fourth quarter of 2018. In addition, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “plan,” “should,” “could,” “estimate” or “continue” or the plural, negative or other variations thereof or comparable terminology are intended to identify forward-looking statements, and any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements speak only as of the date hereof, and are based on management’s current assumptions, beliefs and information. As such, our actual results could differ materially and adversely from those expressed in any forward-looking statement as a result of various factors. Important factors that could cause such differences include, among other things, the Company’s ability to successfully integrate its recent acquisitions; the Company’s ability to achieve broad recognition and customer acceptance of its products and services; the Company’s ability to continue to develop and add additional capabilities and features to its aiWARE operating system, including expanding the capabilities of its Conductor technology and extending it to other cognitive classes; the development of the market for cognitive analytics solutions; the ability of third parties to develop and provide additional high quality, relevant cognitive engines and applications; and the Company’s ability to successfully identify and integrate such additional third-party cognitive engines and applications onto its aiWARE operating system, and to continue to be able to access and utilize such engines and applications, and the cost thereof; as well as the impact of future economic, competitive and market conditions, particularly those related to its strategic end markets; and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Certain of these judgments and risks are discussed in more detail in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the Company’s objectives or plans will be achieved. The forward-looking statements contained herein reflect the Company’s beliefs, estimates and predictions as of the date

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hereof, and the Company undertakes no obligation to revise or update the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events for any reason, except as required by law.

Company Contact:

Pete Collins, Chief Financial Officer

Veritone, Inc.

(949) 397-2148

investors@veritone.com

Investor Relations Contact:

Scott Liolios and Matt Glover

Liolios Group, Inc.

(949) 574-3860

VERI@liolios.com

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