What's Going On With SoundHound AI Shares Friday?

SoundHound AI, Inc. SOUN shares are moving higher on Friday after the company reported better-than-expected fourth-quarter earnings and raised its fiscal-year 2025 guidance on Thursday after the market closed.

What To Know: The company reported an adjusted loss of 5 cents per share, missing analysts’ estimate of a loss of 10 cents per share. In addition, it reported sales of $34.54 million, beating analysts’ estimate of $33.69 million, and representing a 101% year-over-year increase.

The company raised its sales guidance for fiscal-year 2025. It now sees revenue from $157.00 million to $177.00 million, versus analysts’ estimate of $165.26 million. SoundHound previously expected sales from $155.00 million to $175.00 million.

“We had a breakthrough year, expanding our leadership position in voice and conversational AI through major customer wins, expanded partnerships, groundbreaking generative AI innovation, and strategic acquisitions,” said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI. 

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SOUN Price Action: At the time of writing, SoundHound stock is trading 15.4% higher at $10.63, according to data from Benzinga Pro.

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