SoundHound AI Stock Rallies On Record-Breaking Q2 Earnings Report

SoundHound AI, Inc. SOUN released its second-quarter results after Thursday's closing bell. Here's a look at the details from the report. 

• Check out SOUN stock price and chart in real-time here. 

The Details: SoundHound AI reported quarterly adjusted losses of three cents per share which beat the Street estimate for losses of nine cents.

Quarterly revenue came in $42.68 million which beat the consensus estimate of $32.88 million.

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SoundHound AI reported the following second quarter highlights:

• Reported revenue was $42.7 million, an increase of 217% year-over-year.
• Non-GAAP gross margin was 58.4%.
• Non-GAAP net loss was $11.9 million.
• Adjusted EBITDA was a loss of $14.3 million.

“In SoundHound’s strongest ever quarter, many of our previous strategic moves delivered high-impact results with growth across every business unit. We realized significant new wins as well as cross-sell deals, demonstrating the incredible opportunity we predicted with our 2024 acquisitions,” said Keyvan Mohajer, CEO of SoundHound AI.

Outlook: SoundHound AI raised its fiscal 2025 revenue outlook to a range of $160 million to $178 million, versus the $159.54 million estimate.

SOUN Stock Price: According to data from Benzinga Pro, SoundHound AI stock was up 13.53% at $12.17 in Thursday's extended trading. 

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