SoundHound AI Reports Strong Q2 Financial Results, Surpasses Estimates and Raises Full-Year Guidance
SoundHound AI announced its Q2 financial results, reporting an EPS of -0.1 USD and a net loss of 42.8 million USD. The company achieved revenue of 61.9 million USD, exceeding the IBES estimate of 52.4 million USD and marking a 45% year-over-year increase. Adjusted EBITDA was -9.6 million USD, better than the estimated -23.3 million USD. Following the earnings report, shares surged over 24% in pre-market trading. SoundHound AI raised its full-year revenue guidance to 230-260 million USD and holds 203 million USD in cash with zero debt. The acquisition of LivePerson has received full regulatory approval, with projected combined 2027 revenues of 350-400 million USD. Growth was attributed to the OASYS platform.