SoundHound AI Q2 revenue jumps 217%, beats expectations

Overview

• SoundHound AI Q2 revenue rises 217% yr/yr, beating analyst expectations, per LSEG data
• Adjusted EBITDA loss of $14.3 mln beats analyst estimates
• Co raises full-year revenue outlook, reflecting confidence in growth

Outlook

• SoundHound raises full-year 2025 revenue outlook to $160 mln - $178 mln

Result Drivers

• AUTOMOTIVE GROWTH - Significant new win in China for voice assistant integration with a major OEM, expanding in India with KIA
• RESTAURANT EXPANSION - Breakthrough quarter with new wins and expansions in restaurant sector, including Red Lobster and Chipotle
• ENTERPRISE AI - Unveiled Amelia 7 platform, with 15 large enterprise customers migrating to this AI agent platform

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
• The average consensus recommendation for the it services & consulting peer group is "buy"
• Wall Street's median 12-month price target for SoundHound AI Inc is $11.00, about 1.8% above its August 6 closing price of $10.80